Be in the know. 22 key reads for Friday…

  1. Biotech Stocks Are Poised to Outperform for the Rest of 2022 (barrons)
  2. TSMC Sales Soar 44% in Another Sign of Resilient Tech Demand (yahoo)
  3. Beijing Scraps China’s First Vaccine Mandate in Abrupt Reversal (bloomberg)
  4. Huge rare earth reserve discovered in Turkey, but experts caution that ‘grade is king’ (marketwatch)
  5. Strong labor market a bulwark against recession as U.S. creates greater-than-forecast 372,000 jobs (marketwatch)
  6. Boeing Gets Good News From Engine Supplier Rolls-Royce (barrons)
  7. Why Recession Now Is Better Than Recession Later (barrons)
  8. Costco Has Another Strong Month of Sales. Thank Its Cheap Gas Prices. (barrons)
  9. Inflation and Unemployment Haven’t Behaved Like This in 70 Years. Why It Matters. (barrons)
  10. This Air-Conditioning Stock Fell 20%. It’s Time to Buy. (barrons)
  11. Short-term investors might want to sit out the volatility. But here’s what longer-term investors should do, says ex-SAC analyst. (marketwatch)
  12. Opinion: If you buy the S&P 500 Index now, there is only a 4% chance you’ll be paying too much (marketwatch)
  13. BofA Says Recession Fears Prompt Investors to Dump Stocks Again (bloomberg)
  14. Tesla China Shipments Soar to Record as Plant Fires Back Up (bloomberg)
  15. Boeing CEO’s Hands-Off Style Has Doubters as 787 Comeback Nears (bloomberg)
  16. Payrolls increased 372,000 in June, more than expected, as jobs market defies recession fears (cnbc)
  17. Shinzo Abe, influential Japanese prime minister, 1954-2022 (ft)
  18. Western investors flock to China equity ETFs (ft)
  19. India isn’t likely to stop buying Russian oil any time soon. Here’s why (cnbc)
  20. Commodity prices are slumping. Here’s why it could mean inflation is on the way down. (businessinsider)
  21. Fortune Cookies Favor the Brave (wsj)
  22. XPO Stock is ‘Too Cheap to Ignore’, Morgan Stanley Says and Upgrades to Overweight (streetinsider)