Be in the know. 24 key reads for Monday…

  1. Goldman pushes back against bearish Morgan Stanley’s Mike Wilson with new 4,500 S&P 500 target (marketwatch)
  2. Novartis buys Chinook for $3.5 bln in race to treat rare kidney disease (reuters)
  3. S. to Allow South Korean, Taiwan Chip Makers to Keep Operations in China (wsj)
  4. Biogen rises as FDA panel backs Alzheimer’s drug, easing safety concerns (reuters)
  5. There are now 252 Chinese groups (companies) trading in the US or Hong Kong that meet the definition of a “net-net” — companies with current assets minus total liabilities greater than their market value, according to S&P Capital IQ. (ft)
  6. UBS completes Credit Suisse takeover to become wealth management behemoth (reuters)
  7. Wall Street Firms Up Bets on U.S. Consumers (wsj)
  8. Jerome Powell’s Big Problem Just Got Even More Complicated (wsj)
  9. This Company Makes Costco and Amazon’s Store Brands. Its Stock Could Climb 20%. (barrons)
  10. Rents Keep Rising, but More Slowly. It’s Good for Inflation. (barrons)
  11. Everyone’s Jumping on the AI Bandwagon—Even Campbell’s Soup (barrons)
  12. Carnival Stock Rises as Wall Street Sees ‘Zero Signs’ of Slowing Demand Momentum (barrons)
  13. The Stock Market Says the Fed Will Cut Rates Soon. It Just May Be Right. (barrons)
  14. S&P 500 exits longest bear market since 1948. What stock-market history says about what happens next. (marketwatch)
  15. Smile, it’s a bull market in stocks! (yahoo)
  16. Bye bye bear… New S&P 500 bull market has legs – BofA (streetinsider)
  17. Hedge Fund Bond Bears Are Relentlessly Shorting Treasuries (yahoo)
  18. How Hasbro Plans to Revive Its Toy Business (wsj)
  19. Rudin’s 3 Times Square in NYC lures in new tenants after $25M upgrade (nypost)
  20. India Inflation Cools Faster Than Expected to 4.25% in May (bloomberg)
  21. Fed Backs Away From Wages Focus, Bolstering Case for Rate Pause (bloomberg)
  22. A top analyst says Apple is on the cusp of another monster sales cycle for the iPhone 15 and its share price will break more records (businessinsider)
  23. Goldman Sachs: These are the 24 best AI stocks to buy now as the technology boosts productivity and profits for decades (businessinsider)
  24. China’s Plane Shortage Is Good News For Boeing (bloomberg)