Category: What I’m Reading Today

Be in the know. 12 key reads for Tuesday…

  1. Citi Says It’s Time to Book Profits in High-Flying AI Equities (bloomberg)
  2. Strategists Say Stock Rally Needs Bumper US Earnings Season (bloomberg)
  3. Fed Chair Powell And CPI: What’s At Stake For The S&P 500? (investors)
  4. A new way of picking market-beating stocks (marketwatch)
  5. Are 70% discounts on office buildings enough? Billionaire investor Howard Marks isn’t sure. (marketwatch)
  6. Daily Travelers Passing Through U.S. Airport Security Top 3 Million for First Time (wsj)
  7. China Outspends the U.S. on Fusion in the Race for Energy’s Holy Grail (wsj)
  8. He Was Snubbed by Team USA at the Ryder Cup. Now He’s the Captain. (wsj)
  9. Biden Has 100 Million Reasons to Stay In (wsj)
  10. China Allows Robotaxis Without Operators in Shanghai (wsj)
  11. ‘We’re in a slow-motion melt-up’: 3 reasons why the bull market in stocks will continue, according to Ed Yardeni (businessinsider)
  12. Jerome H. Powell, the chair of the Federal Reserve, indicated on Tuesday that recent inflation data had given the central bank more confidence that price increases were returning to normal, and that continued progress along these lines would help to pave the way toward a central bank rate cut. (nytimes)

Be in the know. 11 key reads for Monday…

  1. Alibaba leads cloud service market in China in Q1 (Alibaba Cloud led with a 37% market share). In the first quarter, China’s cloud service spending rose by 20% year-over-year to $9.2 billion, according to the latest data from market research firm Canalys. (technode)
  2. This week’s U.S. inflation report could have serious implications for stocks (marketwatch)
  3. The Holy Grail Cars? Get Them While They Last. (nytimes)
  4. Taobao deepens integration with Ele.me after suggestions Alibaba could sell the delivery service (technode)
  5. Martin Short Brings Back Jiminy Glick For An Interview With Bill Hader (digg)
  6. Mainland China’s cloud service spend grew by 20% in Q1 2024 (canalys)
  7. What Does Your Handicap Index Really Mean? (mygolfspy)
  8. How Brad Jacobs Plans to Revolutionize Building Supply Distribution (bloomberg)
  9. Stew Leonard, Jr.: Prices are about the same as they were last Fourth of July (foxbusiness)
  10. Dubai’s Top Hotel Concierge Provides an Insider’s Glimpse to the Glitzy City (barrons)
  11. China’s AI competition deepens as SenseTime, Alibaba claim progress at AI show (scmp)

Be in the know. 10 key reads for Sunday…

  1. US Wage Growth Slows, As Expected (tradingeconomics)
  2. Conagra Took a GLP-1 Hit. Why Its Stock Is Worth a Look. (barrons)
  3. Building the Bell System (construction-physics)
  4. A.I. Begins Ushering In an Age of Killer Robots (nytimes)
  5. Britain is now a beacon of stability — in five charts (ft)
  6. China’s central bank has hundreds of billions of yuan worth of bonds at its disposal to borrow, and will sell them depending on market conditions, the bank told Reuters on Friday, part of a plan markets see as an effort to cool a powerful bond rally. (reuters)
  7. Texas coast braces for potential hit by Beryl, which is expected to regain hurricane strength (apnews)
  8. One of the most accurate recession indicators is close to sounding the alarm as unemployment continues to rise (fortune)
  9. First Drive: The 690 HP McLaren Artura Spider Deftly Balances Grunt and Grace (robbreport)
  10. The 15 Greatest Concept Cars of the 21st Century (So Far) (robbreport)

Be in the know. 20 key reads for Saturday…

  1. Are Slip-On Vans The Sambas Of Summer 2024? “Since being spotted on the likes of Emily Ratajkowski, Sofia Richie, the Olsens and Renggli designer Morgan Stewart McGraw recently, interest in the shoes has spiked. Google searches for the classic checkerboard styles have increased by 5,000% in the past 90 days, while over on TikTok, videos about the trend have surpassed 41.6 million.” (elle)
  2. Cooling Jobs Data Put September Rate Cut ‘Solidly in Play’ (barrons)
  3. US unemployment rises up to 4.1%, 206K jobs added as analysts urge fed to cut rates (nypost)
  4. China’s Central Bank Borrows ‘Hundreds of Billions’ of Yuan in Government Bonds (wsj)
  5. AI has all the answers. Even the wrong ones (ft)
  6. Smaller US companies are starved of investor attention (ft)
  7. Boom in active bond ETFs could put total inflows on track for $1tn year (ft)
  8. Chinese, Indian Stocks Favored Over Japan in Asia’s Second Half (bloomberg)
  9. Nvidia Gets Rare Downgrade on Valuation Concerns After Rally (bloomberg)
  10. Waymo’s Robotaxi Rollout is a Landmark Moment for Driverless Cars (bloomberg)
  11. China Is Finally Starting to Do Something About the U.S. Fentanyl Crisis (wsj)
  12. Big Banks Are Taking Hits From Commercial Real Estate (wsj)
  13. Opinion: What Nvidia investors can learn from the roaring 1920s and the radio bubble (marketwatch)
  14. A Weak Yen Will Persist Until the Fed Cuts Rates (barrons)
  15. Ford Is Making a Comeback. It’s Time to Buy the Stock. (barrons)
  16. 2-year Treasury yield ends at lowest since March on signs of deteriorating labor market (marketwatch)
  17. 33 Undervalued Stocks (morningstar)
  18. Why These Custom Land Rover Defenders Are The Ultimate British SUVs (maxim)
  19. The 1,600-HP Koenigsegg Jesko Absolut Hypercar Just Crushed Four World Speed Records (maxim)
  20. Why the S&P 500 is poised to rocket 100% in 5 years (yahoo)

Be in the know. 17 key reads for Friday…

  1. Nvidia CEO Cashes in on Rally With $169 Million Share Sale (bloomberg)
  2. ‘Signs of life’ in China’s markets as reforms boost confidence, forum told (scmp)
  3. China’s PBOC Readies Multibillion-Yuan Pool of Bonds to Sell by Tapping Major Banks (bloomberg)
  4. Elon Musk predicts Bill Gates will be ‘obliterated’ for shorting Tesla stock (nypost)
  5. These Are the 19 Best Restaurants in Dubai Right Now, Says Michelin (bloomberg)
  6. GDP malaise? Why U.S. second-quarter growth will be weak again. (marketwatch)
  7. A financial markets ‘mystery’: The Japanese yen’s slide is upending a once-reliable relationship (marketwatch)
  8. Airline Stock Relief as July Fourth Weekend Set to Break Travel Records (barrons)
  9. Travel Is the American Way—Even When It’s Pricey (barrons)
  10. Tony Blair’s Party Is on the Cusp of a Huge Election Win. What it Means for Markets. (barrons)
  11. These Are the Best U.S. National Parks—and They’re Not Even That Crowded (wsj)
  12. Aston Martin, in Celebration of Its 110th Birthday, Leans into Its Past for Its New $2 Million Valour (barrons)
  13. Nvidia to make $12bn from AI chips in China this year despite US controls (ft)
  14. China stays committed to opening-up to promote reform, development and innovation (cn)
  15. The unemployment rate unexpectedly climbed to 4.1%, tied for the highest level since October 2021 and providing a conflicting sign for Federal Reserve officials weighing their next move on monetary policy. The forecast had been for the jobless rate to hold steady at 4%. (cnbc)
  16. Treasury Yields Sink as Jobs Bolster Fed-Cut Bets: Markets Wrap (bloomberg)
  17. Goldman Sachs upgrades UK growth forecast after huge Labour election win (cnbc)

Be in the know. 5 key reads for Independence Day…

  1. Fed Minutes Show Officials Still On Fence With Rates (barrons)
  2. Cathie Wood Growth Plays Stumble Against Value (barrons)
  3. Wall Street’s most bearish strategist is leaving JPMorgan. Here’s a look at his market calls. (marketwatch)
  4. Jobless Claims Rise More Than Expected. It’s Another Sign of a Cooling Labor Market. (barrons)
  5. Ford’s Electrified Vehicle Sales Stay Hot. The Stock Is Warming Up. (barrons)

Be in the know. 36 key reads for Wednesday…

  1. Alibaba Share Repurchase Update as of June 30, 2024 (alibabagroup)
  2. Susquehanna Upgrades PayPal (NASDAQ:PYPL) to “Positive” (marketbeat)
  3. Alibaba Reports $26 Billion In Buybacks Left, Hong Kong Outperforms (chinalastnight)
  4. Alibaba’s Taobao adds 1-hour delivery short cut in race against ByteDance, JD.com (scmp)
  5. Fed’s Goolsbee makes case for rate cut in coming months, citing ‘warning signs’ of a slowdown (marketwatch)
  6. Powell Talks Up Progress, Putting Rate Cuts Back Into View (wsj)
  7. Powell Cites ‘Real Progress’ as Central Bankers Assess Inflation Fight (nytimes)
  8. PayPal upgraded, Crowdstrike downgraded: Wall Street’s top analyst calls (thefly )
  9. Nvidia Stock Is Down Again. Why AI Chip Exports to China Remain a Problem. (barrons)
  10. 12 Stocks to Buy Before the Fed Cuts Rates (barrons)
  11. Constellation Brands Stock Is Rising After Earnings. What We Know. (barrons)
  12. Value Stocks Have Been on the Junk Heap. They’re Due for a Pop. (barrons)
  13. Stock market’s upcoming earnings season may delay ‘overdue’ pullback for S&P 500, says LPL (marketwatch)
  14. China leading generative AI patents race, UN report says (reuters)
  15. The Underground Network Sneaking Nvidia Chips Into China (wsj)
  16. Hedge fund selling of tech stocks has limited potential for crash, JPMorgan says (marketwatch)
  17. ADP says 150,000 private-sector jobs created in June, smallest gain in five months (marketwatch)
  18. ADP Payrolls Disappoint In June – 3rd Straight Monthly Decline In Additions (zerohedge)
  19. Jobless claims — aka layoffs — rise to 238,000 and stay near one-year high (marketwatch)
  20. Initial Jobless Claims Disappoint (Again), Continuing Claims Worst Since Dec 2021 (zerohedge)
  21. Approval of Newest Alzheimer’s Drug Will Accelerate New Era of Treatment (wsj)
  22. Why Beryl Is the Strongest Hurricane to Form This Early (wsj)
  23. The S&P 500’s reliance on a few winning stocks is getting worse (marketwatch)
  24. Biden’s LNG Export Ban Is Blocked (wsj)
  25. Auto Sales Grew Slightly in Second Quarter (nytimes)
  26. Home Affordability in the US Sinks to Lowest Point Since 2007 (bloomberg)
  27. Homebuilders Cut on ‘Sluggish’ Housing Market, Florida Woes (bloomberg)
  28. New York City Apartment Construction Is Grinding to a Halt (bloomberg)
  29. MrBeast has his critics, but creator marketing experts explain why he’ll always come out on top (businessinsider)
  30. Walt Disney numbers raised on ‘Inside Out 2’ strength (streetinsider)
  31. Yen slides to fresh lows, market ‘challenges’ Japan authorities to act (streetinsider)
  32. 2 Stocks Down 74% and 57.5% to Buy Right Now (yahoo)
  33. Amazon’s international unit on track to swing into annual profit (ft)
  34. China kicks off largest AI conference in Shanghai as tech rivalry with the US heats up (scmp)
  35. Alibaba’s online flea market draws moonlighters seeking side income in brutal job market (scmp)
  36. Chinese fintech giant Ant Group spins off database firm OceanBase, giving Alibaba a stake (scmp)

Be in the know. 15 key reads for Tuesday…

  1. Chicago Fed’s Goolsbee on Interest Rates, Inflation, Unemployment (bloomberg)
  2. 1 Incredible Growth Stock Down 81% You’ll Regret Not Buying on the Dip (fool)
  3. Euro zone inflation eases to 2.5% as core print misses estimate (cnbc)
  4. 5 Cheap Stocks Buying Back Shares at Reasonable Prices (barrons)
  5. Advice from a ‘nervous and jumpy’ Wall Street bull as second half gets under way (marketwatch)
  6. Fed’s Powell Takes the Stage With Other Global Bank Chiefs (barrons)
  7. Tech Industry Wants to Lock Up Nuclear Power for AI (wsj)
  8. A Real-Estate Fund Industry Is Bleeding Billions After Starwood Capped Withdrawals (wsj)
  9. Gavin Newsom Hailed Within China After Biden’s Debate Troubles (bloomberg)
  10. Manhattan is now a ‘buyer’s market’ as real estate prices fall and inventory rises (cnbc)
  11. How Brad Jacobs Will Invest $4.5 Billion to Reshape Building Supplies (bloomberg)
  12. Six Flags merges with Cedar Fair to become largest amusement park operator in North America (FoxBusiness)
  13. Goldman: Hedge funds sold global equities at the fastest pace in two years in June (streetinsider)
  14. Amazon’s international unit on track to swing into annual profit (ft)
  15. China’s central bank announces treasury bond borrowing to stabilize market yields (cn)

Be in the know. 15 key reads for Monday…

  1. Nvidia Stock Keeps Dropping. What’s Concerning the Market. (barrons)
  2. The Mouse House Sets Sail With Timely Cruise Expansion (wsj)
  3. Disney’s Pixar Notches First $1 Billion Film Since Barbie (barrons)
  4. Why China’s Central Bank Could Become More Like the Fed (bloomberg)
  5. Chewy Stock Is Soaring as Roaring Kitty Discloses Stake (barrons)
  6. Boeing to Buy Supplier Spirit Aero in $4.7 Billion Deal (barrons)
  7. Opinion: GameStop’s $2.1 billion stock sale taxes its shareholders and hurts the economy (marketwatch)
  8. Amazon and Rivals Have an AI Power Problem. Here’s the Solution. (barrons)
  9. Boeing Likely to Face Fraud Charges. What That Means. (barrons)
  10. The Tyranny of Today’s Tipping (wsj)
  11. Amazon, Built by Retail, Invests in Its AI Future (wsj)
  12. Alibaba, BYD Use the Global Game to Reach New Customers (bloomberg)
  13. Chinese factory activity up among smaller firms (reuters)
  14. China’s central bank moves to address bond frenzy (ft)
  15. China’s stock index climbs out of 4-month low after June’s factory data beat forecasts (scmp)

Be in the know. 15 key reads for Sunday…

  1. Monetary conditions are returning to normal (scottgrannis)
  2. Vietnam Q2 GDP Growth Strongest in 7 Quarters (tradingeconomics)
  3. Why the Fed must change how it targets inflation (ft)
  4. Whole Foods is cutting prices and ditching its ‘Whole Paycheck’ aura to appeal to inflation-weary shoppers (fortune)
  5. Boeing could have a corporate monitor under an expected settlement with the Justice Department to resolve potential charges (fortune)
  6. Only 49 companies have been on the Fortune 500 for all 70 years. Here are their secrets to staying in power (fortune)
  7. The 25 Most Expensive Homes in the World for Sale (robbreport)
  8. Bentley’s New Continental GT Speed Is Here, and Its Design Has Already Wrankled Enthusiasts (robbreport)
  9. What It’s Like to Stay at Mango House, a Serene Hotel in Seychelles (robbreport)
  10. The 17 Most Beautiful Skylines in the World (architecturaldigest)
  11. 111 West 57th Street: Everything You Need to Know About the World’s Skinniest Skyscraper (architecturaldigest)
  12. Amazon hires founders away from AI startup Adept (techcrunch)
  13. This $68 Million Property Is Fit For A Supervillain. Take A Peek Around (digg)
  14. How American Entrepreneurs Helped Open up China’s Economy (bloomberg)
  15. One of the Hottest Trades on Wall Street, an Etymological Study (bloomberg)