So much to say and so little space as the SPX looks to crossing the 2100 line…
- Portugal just ran for four straight days entirely on renewable energy.
Yep, the renewable energy sector is a place to find opportunity. Expect big money to increase its flow into this sector for some time to come.
- General Electric has announced it will partner with the kingdom in investing as much as $3 billion in Saudi non-oil industries to help the country diversify its economy; another $2 billion could follow.
See what I’m saying …
- Spending on residential construction increased at a 17.1 percent rate in the first quarter, the fastest pace since the fourth quarter of 2012.
Not only does the above speak to an economy regaining momentum, it also suggests opportunity. With demand high, supply low, and incomes rising, expect to see more numbers like the above for some time …
- Dollar Tree Inc. (DLTR) and Dollar General Corp. (DG) both rallied after their earnings topped analysts’ estimates.
- Discount retailer Big Lots (BIG) beat market expectations on 2016 first-quarter earnings as momentum in comparable store sales continued.
A rising tide does raise all boats, even the rowboats. Perhaps the rising minimum wage movement has something to do with low-price retailers seeing increased traffic and higher ticker purchases.
Duh Quote of the Week
“While it’s almost impossible to ascribe changes in options prices to a single catalyst, strategists see increasing evidence the presidential race is having an impact.”
Okay, a stupid question – Since when doesn’t a presidential election year have an impact on options trading?