Be in the know. 17 key reads for President’s Day…

  1. PayPal stock trades near its cheapest valuation in history, and one Wall Street analyst sees triple-digit upside for shareholders. (fool)
  2. China’s Premier Urges ‘Forceful’ Action to Boost Confidence (bloomberg)
  3. China State Banks Earmark $8 Billion for Property Projects. Authorities are stepping up support for housing market. (bloomberg)
  4. The CPI overshoot is a statistical artifact (scottgrannis)
  5. Year of the Dragon Starts With Roar for the Tourism Industry, says Alibaba’s Fliggy (alizila)
  6. Any stimulus signs emerging ahead of the key annual meetings in March, where the leadership announces the economic growth target and development goals, will thus be closely watched.(bloomberg)
  7. Stock Bulls Turn to Europe for Cheap Alternative to Magnificent Riches (bloomberg)
  8. Tourism to Hong Kong and Macau also surged, as did trips to places such as Singapore where Chinese travelers were able to enjoy relaxed visa rules. (bloomberg)
  9. China’s National Team Is Back at Work as Stock Trading Resumes (bloomberg)
  10. China’s Hainan Cuts Down Payment for First-Home Buyers (bloomberg)
  11. China’s JD.com in Early-Stage Talks to Buy UK Retailer Currys (bloomberg)
  12. What’s really happening with the Evergrande liquidation (npr)
  13. The great dollar store backlash (thehustle)
  14. Jerome Powell plans to cut interest rates despite persistent inflation (nypost)
  15. Market’s Bullishness On Euro Against Dollar Looks Misplaced (zerohedge)
  16. Goldman Sachs raises S&P 500 price target on earnings strength (streetinsider)
  17. Some regional electric grids ‘in trouble’ over the next few years, says Skylar’s Bill Perkins (cnbc)