Until I tell you otherwise, it's probably safe to assume the markets and major indexes closed another day at another record. So, with that said, let's get into the more nitty gritty of another stellar market day.
As usual on the month's first Friday, we also got the jobs numbers. While the marquee numbers have traditionally been jobs and unemployment, and those were disappointing, investors were paying closer attention Friday to wages, which met expectations, as a tightening labor market remains front of mind.
But that wasn't all investors were watching, according to Kinsey Grant, who walks us through other key points from Friday's non-farm payroll data and tells you why they could mean for your portfolio.
Little known specialty materials company UFP Technologies (UFPT - Get Report) may have also caught investors' eye today as shares of the company shot up Friday after activist investor Ancora Advisors said in a securities filing that it intends to talk to executives at the engineered components company about strategic options such as a sale of the business or some of its assets.
The activist fund, which is in the midst of a campaign at Potbelly (PBPB - Get Report) , reported that it had accumulated a 6.4% stake in UFP. In an activist securities filing, Ancora's Frederick DiSanto said he might review Ancora's investment and express views to management, the board or "potential acquirers" and advisers.
The new campaign comes after Potbelly reached a deal with Ancora in October to add Ancora Advisors' Joseph Boehm to its board and strategic review committee. TheStreet's sister publication The Deal reported, citing sources, on Dec. 28 that Potbelly has received multiple expressions of interest to acquire the restaurant chain at prices in the mid-teens per share.
Will Ancora have the same success at UFP as it has seemingly had at PotBelly? Ron Orol explores the potential.
For those that were willing to stick it out Under Armour (UAA - Get Report) over the past 12-months amid a near-50% drop in the company's share price, there may be more gloom and doom in your future. That's at least according to our resident technical analyst Bruce Kamich.
This is an excerpt from "In Case You Missed It," a daily newsletter brought to you by TheStreet. Sign up here.
Photo of the day: Bitcoin and Son
The television show "Sanford and Son" was a big hit in the 1970s and today, some of us, including our managing editor Jerry Kronenberg, like to catch up on reruns and clips on the ol' YouTube. Not surprising, I know. But what is surprising is that while laughing his butt off at Fred Sanford, Jerry also had a pretty interesting observation about bitcoin and the potential bubble that may be unfolding before our eyes. Read More
Read more from "In Case You Missed It." Sign up here.
More of What's Trending on TheStreet:
- How Intel's Chip Flaw Could Affect Amazon, Microsoft and Others in the Cloud
- What Sanford and Son Taught Me About Bitcoin
- Planet Fitness CEO: Here Comes 4,000 Discount Gyms
- How the New Tax Law Affects Medical Deductions, Property Taxes