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Happy Thursday! I can handle a little bit of volatility in my portfolio. I made it through $5 gallons of gas and $10 Big Macs. But a beer shortage? We’re going to have some problems. Here are the products most likely impacted by the longshoremen strike, plus this tech CEO is selling millions of dollars worth of stock.

—Aaron Bry

Plus, if you’re looking to take your options trading to the next level, check out today’s partner.

MARKET SNAPSHOT

Last Week: Stocks were down, then traded higher, then sold off again, all to finish pretty much flat on the day. Nike was a notable loser on the day, closing down nearly 7% after its earnings report.

On Our Radar: Big labor data day tomorrow, with the U.S. unemployment report due before the open. Could be some extra volatility in pre-market trading.

TOP STORY

Port Strike Enters Day 3: Economist Warns Of 'Meaningful' Impact If Standoff Prolongs

Basically: The dockworkers’ strike has entered its third day leaving long lines of container ships queued up outside major U.S. ports, and a speedy resolution looks unlikely, as no negotiations have been scheduled between the Longshoremen’s Association and employers.

So: Against the backdrop, analysts at Morgan Stanley weighed in on how the strike would impact the economy and markets. Here are the industries and products that could be at risk if the strike continues.

PRESENTED BY CBOE

FIVE ZINGERS

Star Power: Both Constellation Brands and Constellation Energy stocks have been trading higher the past few weeks… here’s what’s driving the moves.

Cut Your Losses: Jim Cramer recommended holding on to Chinese car-maker NIO, but says to go ahead and take your losses in this stock.

Guidance Woes: Levi’s shares are trading higher before the open after the denim giant lowered its guidance and reported a slight revenue miss in its earnings report.

Taking Profits: Alibaba and other Chinese names traded lower this morning, as investors appeared to take profits after a strong two-week rally in the sector.

Your Chance At $30k Risk-Free: Benzinga's World Championship of Trading is about to take off, and all you have to do is sign up and paper trade for your chance at the prizes.

ONE FOR THE ROAD

Tim Cook Offloads Over 220K Apple Shares Worth $50M

Basically: Apple Inc CEO Tim Cook is set to gain over $50 million from selling 223,986 shares of Apple stock, according to a U.S. Securities and Exchange Commission filing.

What Happened: Earlier this week, Cook was also granted 219,502 additional shares of Apple stock. Of these, 54,876 shares are scheduled to vest in one-third increments in April 2027, 2028, and 2029. Here’s how much Cook’s total stake in Apple is worth now.

PRESENTED BY CBOE

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