The Stock Market Today: Top Stories For Friday August 6, 2021
5 Best Penny Stocks To Buy Right Now According To Insiders
Looking for the best penny stocks to buy right now? You could search hundreds of charts or sift through scanners. But some traders “follow the money” when it comes to trading. What do I mean? When you’re talking about public companies, a few requirements need to be met, according to the Securities & Exchange Commission. One of these requirements is public disclosures, and in this article, I’m going to talk about insider reporting.
Stocks were mixed Friday on the heels of a key labor market report, which reflected a stronger than expected rebound in employment last month and a marked drop in the jobless rate. The S&P 500 rose to a record intraday high, building on a record close from a day earlier. The Dow added more than 100 points, or 0.3%. The Nasdaq dipped as Treasury yields gained across the curve after the better-than-expected print on the labor market's recovery. For investors, all eyes on Friday were fixed fixed on the Labor Department's July jobs report. The print showed a whopping 943,000 jobs came back last month as the unemployment rate fell to the lowest level since March 2020. The report also showed upward revisions to the past two months' payroll gains.
Best Stocks To Buy Right Now? 4 Leisure Stocks To Watch
Whether you are bullish on the current reopening trade or skeptical due to coronavirus fears, leisure stocks remain relevant. If anything, this part of the stock market today is home to a rather crucial business in our world today. That is the business of relaxation. In a nutshell, consumers often turn to companies in the leisure industry when they are looking to spend their free time. Regardless of the state of the world, most would have additional free time on their hands. As such, it would make sense that investors are turning their attention towards some of the top leisure stocks now.
The Big Five Are Buying Far Fewer Startups This Year
The five most valuable American technology companies have enough money to buy any startup at virtually any price. But although they have the means, Apple, Google, Microsoft, Amazon and Facebook have not been especially acquisitive this year.
Among them, the companies have made just 12 disclosed purchases of private, venture-backed companies this year, according to an analysis of Crunchbase M&A data.* Of those deals, only two had reported purchase prices, adding up to just $515 million. Most of that came from a single transaction: Microsoft’s $500 million purchase of security provider RiskIQ.
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