Southport Capital Risk Management
  • Home
  • SPC Team
  • Services
  • Resources
  • Contact
Southport Capital Risk Management
6704 Professional Parkway West
Sarasota, FL 34240
844.907.0700
info@southportcaprm.com
© 2021 Southport Capital® - All Rights Reserved.

Where We’re Located

Follow Us on Instagram

Stock futures opened higher Thursday evening at th Stock futures opened higher Thursday evening at the end of a technology-led session on Wall Street, with Big Tech shares propelling the broader market to yet another record high. Contracts on the S&P 500 rose after the index reached an all-time closing high of 4,097.17 at the end of the regular trading day. The blue-chip index was on track to end the week higher for a third straight week. Dow and Nasdaq futures also added to regular-session gains. CEO John Woods says, “As long as the 10 year stays under 1.75 the market continues to rally.”
Stock futures jumped Monday morning as traders too Stock futures jumped Monday morning as traders took in last week's much stronger-than-expected monthly jobs report and looked ahead to a busy week of commentary from Federal Open Market Committee (FOMC) members. Contracts on the Dow gained more than 200 points, or 0.7%, with about two hours until the opening bell. Contracts on the S&P 500 and Nasdaq also pointed sharply higher in pre-market trading. Treasuries were mixed across the curve, and the yield on the 10-year Treasury note ticked up slightly to about 1.73%. Shares of GameStop (GME) sank more than 16% after the company announced an up to $1 billion share sale. Meanwhile, shares of Tesla (TSLA) jumped more than 7% after the electric vehicle-maker posted first-quarter deliveries that more than doubled over last year. Contact our team today for a free consultation with an Advisor near you.
The Ever Given, the massive container ship that be The Ever Given, the massive container ship that became wedged in the Suez Canal and cut off traffic in the vital waterway for almost a week, has been refloated, authorities said Monday.⁠ ⁠ The Ever Given is one of the largest container ships in the world. The 220,000-ton vessel is able to carry 20,000 containers, and stretching more than 1,300 feet is almost as long as the Empire State Building is tall. The ship, which ran aground last Tuesday, created further disruptions in a global supply chain already straining under the ongoing impacts of Covid-19.⁠ ⁠ Around 12% of global trade passes through the Suez Canal. Lloyd’s List estimates that more than $9 billion worth of goods passes through the 120-mile waterway each day, translating to around $400 million per hour. ⁠ ⁠ The ship’s refloating means traffic can now resume in the Suez Canal.
The stranded mega-container vessel, Ever Given in The stranded mega-container vessel, Ever Given in the Suez Canal, is holding up an estimated $400 million an hour in trade, based on the approximate value of goods that are moved through the Suez every day, according to shipping data and news company Lloyd’s List.⁠ ⁠ Lloyd’s values the canal’s westbound traffic at roughly $5.1 billion a day, and eastbound traffic at around $4.5 billion a day. The blockage is further stressing an already strained supply chain, said Jon Gold, vice president of supply chain and customs policy for the National Retail Federation.⁠ ⁠ “Every day that the vessel remains wedged across the canal adds delays to normal cargo flows,” he said, adding that the trade group’s members are actively working with carriers to monitor the situation and determine the best mitigation strategies. “Many companies continue to struggle with supply chain congestion and delays stemming from the pandemic. There is no doubt the delays will ripple through the supply chain and cause additional challenges.”⁠
U.S. equity futures edged higher with European sha U.S. equity futures edged higher with European shares on Monday as a drop in Treasury yields provided a tailwind for stocks. Turkey’s lira tumbled after the country’s central bank governor was ousted. Contracts on the S&P 500 Index rose modestly and those on the Nasdaq 100 jumped after the 10-year U.S. Treasury yield fell back to 1.67% from the highest levels in about 14 months. The Treasury market remains in sharp focus this week amid a slate of auctions and moves by the Fed to let a key bank capital exemption lapse.
You can't time the market. At Southport Capital, You can't time the market. At Southport Capital, we spend time to understand your personal situation and financial goals, which results in a customized investment portfolio and wealth management solutions tailored to your personal needs. You will have a dedicated Investment Counselor who is there specifically to keep you informed and comfortable with your financial decisions.
One year since the Dow’s 2020 COVID plunge - Mar One year since the Dow’s 2020 COVID plunge - March 16th, 2020:The Dow fell by nearly 3,000 points. March 16th, 2021: The Dow sits near an all-time high. As the market is on the road to discovery, contact our team for a free risk assessment to ensure you’re on the right path.
Some Americans will receive new coronavirus stimul Some Americans will receive new coronavirus stimulus checks as soon as this weekend, the White House said.⁠ ⁠ The news from White House press secretary Jen Psaki came minutes after President Joe Biden signed the $1.9 trillion Covid relief bill: “This is, of course, just the first wave,” Psaki noted, adding that “payments to eligible Americans will continue throughout the course of the next several weeks.”⁠ ⁠ The bill will send direct payments of up to $1,400 to the majority of Americans. It will also extend a $300 per week unemployment insurance boost until Sept. 6 and expand the child tax credit for a year. The massive plan, which most Americans support, passed through Congress without any backing from Republican lawmakers. The Democrat-led House and Senate pushed the bill through Congress via the budget reconciliation process.⁠
It was a good day for Tesla. ⁠ ⁠ U.S. tech sto It was a good day for Tesla. ⁠ ⁠ U.S. tech stocks jumped Tuesday after bond yields declined, helping to drive Tesla up almost 20%, nearly wiping out five straight days of selling. However, Tesla is still down about 25% from its all-time intraday high of $900 per share on January 25.⁠ ⁠ Sales data published by the China Passenger Car Association also helped buoy Tesla’s share price. CPCA reported Tuesday that retail sales of passenger cars in February 2021 in China more than quadrupled to around 1.2 million vehicles compared with February 2020 numbers.⁠ ⁠ Elon Musk’s electric vehicle company sold 18,318 Model 3s and Model Ys made at its Shanghai vehicle plant in China, according to CPCA data.
  • Home
  • SPC Team
  • Services
  • Resources
  • Contact