Fast Money Blog- 12/2/22

In case you didn’t know, the U.S. Government releases a series of reports on a monthly basis that give economists an indication of the expansion or contraction of the U.S. economy.

Here’s this month’s U.S. Job’s Report:

On Friday morning, December 2nd, the Labor Department released its monthly jobs report for November. According to the report the U.S. added 263,000 new jobs in the month of November. Economists excepted 200,000. In addition, because the average worker saw an increase in their pay, wages were up 5.1% on a year-over-year basis (well above the 4.6% expectation).

Why Did the Stock Market React Negatively to This News?

Because the Fed’s interest rate hikes haven’t been having the desired effects as it relates to unemployment.

That said, keep in mind that it’s really the monthly CPI Report (Consumer Price Index) that gives a broader picture of the U.S. economy. The next report is scheduled to be releases on Tuesday, December 13th.

Stocks That Are Range Bound

Here are the 30-day Highs and Lows of some of our favorite stocks:

1. Apple, Inc. (AAPL):

Low of $134.87 to a High of $151.07

2. S & P component Lowe’s Companies, Inc. (LOW):

Low of $179.82 to a High of $215.13

3. Amazon.com (AMZN):

Low of $86.14 to a High of $100.79

4. Advanced Micro Devices (AMD):

Low of $58.63 to a High of $77.63

On many of the stocks listed above, your mostly successful trades will be 3 to 4 week out-of-the-money covered calls.

Remember: Be smart and be skillful with your trades.

Tyrone Jackson, The Wealthy Investor