Be in the know. 27 key reads for Thursday…

  1. Xi Reaffirms Growth Target That Analysts Say Is Out of Reach. Premier Li Keqiang urged authorities to roll out as many policies as possible to boost consumption, saying it’s an important driving force to get the economy back on track. (bloomberg)
  2. Big Options Bet Is Positioning for More Gains in Chinese Stocks (bloomberg)
  3. China’s payments, fintech sectors to ‘play bigger role’ in boosting economy, President Xi says, in positive signal for Big Tech (scmp)
  4. Xi says China will use ‘more forceful’ tools to achieve economic goals (cnbc)
  5. Buy these 13 cheap stocks that will outperform in a recession-fuelled bear market, according to Morningstar (businessinsider)
  6. The Stock Market Has Fallen, but Earnings Expectations Haven’t. Why That’s a Problem. (barrons)
  7. A Shocking Number of Stocks Are in the Red. Here’s Why That’s a Bullish Sign. (barrons)
  8. Rite Aid Stock Gains on Boost to Revenue Forecast, Smaller Loss Than Expected (barrons)
  9. Powell Dropped Some Hints In His Testimony. The News Isn’t All Bad. (barrons)
  10. Facebook, Netflix, PayPal Are Value Stocks Now (wsj)
  11. TikTok Grabs More Ad Dollars, as Marketers Look to Attract Gen Z and Millennials (wsj)
  12. Inflation Surge Earns Monetarism Another Look (wsj)
  13. KB Home Stock Jumps on Earnings. The Builder Sees a Moderating Housing Market. (barrons)
  14. AMD Is the Chip Stock to Buy on the Dip, Morgan Stanley Says (barrons)
  15. High Gas Prices Hit Demand as Drivers Cut Back at the Pump (wsj)
  16. Biden Got the Energy Market He Wanted (wsj)
  17. More Companies Start to Rescind Job Offers (wsj)
  18. Is Opendoor the Amazon of Buying Homes or Just Another Carvana? (bloomberg)
  19. Powell Says Soft Landing ‘Very Challenging;’ Recession Possible (bloomberg)
  20. Cramer says a ‘bull market within a bear market’ situation is possible if these 6 things happen (cnbc)
  21. Musk says Tesla’s factories in Berlin and Texas are ‘gigantic money furnaces’ (cnbc)
  22. Value investor Seth Klarman explains how he finds bargains, prepares for a bear market, and limits his losses in a new interview. Here are the 12 best quotes. (businessinsider)
  23. This star hedge-fund manager says some major tech names are now value plays, as he shorts one meme-stock favorite (marketwatch)
  24. Wall Street Faces Billion-Dollar Losses on Sinking Buyout Debt (bloomberg)
  25. Initial Jobless Claims At 5-Month Highs As Layoffs Accelerate (zerohedge)
  26. What You Need to Know About Recessions — Including Whether We’re in One (bloomberg)
  27. Ukraine takes tentative step toward EU membership (reuters)