Be in the know. 15 key reads for Saturday…

  1. China Celebrates Economic Recovery, Pledges More Help on Jobs (wsj)
  2. Hedge funds lose $18bn betting against tech stock rally (ft)
  3. The Fed Has No Good Options. The Risk of a Misstep Is Growing. (barrons)
  4. Big Tech Stocks Have Surged. Small Ones Haven’t. (barrons)
  5. Fed Blames Itself In Reviewing Silicon Valley Bank’s Collapse (barrons)
  6. How Activist Investors Target Companies in a Choppy Market (barrons)
  7. Why J&J’s Kenvue Spinoff Is Just What the IPO Doctor Ordered (barrons)
  8. JPMorgan, PNC Bidding for First Republic as Part of FDIC Takeover (wsj)
  9. Big Tech Earnings Spark Hope That Worst Is Over (wsj)
  10. Fed Emergency Loans Rise Again Amid Renewed Financial Stress (bloomberg)
  11. Billionaire Steve Cohen Has a Plan to Become the King of Queens (bloomberg)
  12. The MSCI China is trading at about 10.1 times forward earnings — 10% cheaper than averages going back two decades. The multiple is 34% lower versus the MSCI All-Country World index and 45% below the S&P 500’s valuation. (bloomberg)
  13. Elon Musk has called out the Fed more than 20 times for hiking interest rates too much. Here’s a roundup of his attacks on the central bank. (businessinsider)
  14. Intel tops Wall Street estimates, CEO says data-center business is improving (marketwatch)
  15. 2 Undervalued Stocks From the Morningstar Wide Moat Focus Index (morningstar)