Category: What I’m Reading Today

Be in the know. 20 key reads for Sunday…

  1. The door is wide open to multiple Fed rate cuts (scottgrannis)
  2. AI’s $600B Question (sequoiacap)
  3. Arnold Schwarzenegger and Ann Miura-Ko (#754) (timferriss)
  4. Oaktree’s Howard Marks Weighs In on Market Risks, PE and Credit (bloomberg)
  5. 10 Undervalued Wide-Moat Stocks (morningstar)
  6. 33 Undervalued Stocks (morningstar)
  7. Fed sends clearest signals yet that it will soon cut interest rates (ft)
  8. ‘‘After we buy a stock, consequently, we would not be disturbed if markets closed for a year or two. We don’t need a daily quote on our 100 percent position in See’s to validate our well being. Why, then, should we need a quote on our 7 percent interest in Coke (KO)?’’ (dgi)
  9. Jeff Bezos to sell another $5bn of Amazon shares (bbc)
  10. Why International Investing Makes Sense for Long-Term Investors (morningstar)
  11. GEN AI: TOO MUCH SPEND, TOO LITTLE BENEFIT? (gs)
  12. China Posts Largest Trade Surplus in Near 2 Years (tradingeconomics)
  13. The 50 Greatest Luxury Hotels on Earth (robbreport)
  14. The Pagani Huayra Epitome Is The Ultimate Driver’s Hypercar (maxim)
  15. The First Ferrari 250 GT SWB California Spider Could Sell For $18 Million Or More (maxim)
  16. How America’s Fastest Swimmers Use Math to Win Gold (quantamagazine)
  17. Alibaba welcomes Tony Parker as ambassador to boost B2B market expansion (technode)
  18. Rooftop solar’s dark side (org)
  19. World’s 100 Greatest Golf Courses (golfdigest)
  20. Bloomberg Daybreak Weekend: China’s Third Plenum (bloomberg)

Be in the know. 10 key reads for Saturday….

  1. Traders Start to Bet on Supersized Fed Rate Cut in September (bloomberg)
  2. Bank earnings: JPMorgan and Wells Fargo report mixed results, while Citigroup beats estimates (marketwatch)
  3. PPI report for June: Wholesale inflation also points to slower increase in prices (marketwatch)
  4. Fed’s favorite PCE price gauge set to show slower inflation and raise odds of rate cut (marketwatch)
  5. Intel Stock Is the Dow’s Best Performer on Friday. Here’s Why. “Lavender also said that Intel is seeing is seeing “lots of demand” for its Gaudi 3 chip.” (barrons)
  6. Why Dividend Aristocrats and REIT Stocks Are Poised to Rally (barrons)
  7. CONE HEADS (bloomberg)
  8. China’s Chance to Rein In Its Surplus — or Double Down (bloomberg)
  9. When will AI’s stock-market dominance fade? Goldman says watch this key signal. (businessinsider)
  10. Wall Street is bullish on stocks for the 2nd half of the year. Here are each firm’s exact forecasts. (businessinsider)

Be in the know. 22 key reads for Friday…

  1. Move Over, Magnificent Seven Stocks. The Other 493 Are Set to Take Off. (barrons)
  2. Is a stock-market rotation under way? Small caps surge as Magnificent Seven are punished after cool CPI reading. (marketwatch)
  3. Data shows most who take anti-diabetes drugs such as Ozempic for weight loss quit within 2 years, as their cost-effectiveness is questioned (scmp)
  4. Fed Rate Cuts Look Imminent. Why This Big Tech Selloff Could Be Positive and 4 Other Things to Know Today. (barrons)
  5. Citigroup tops expectations for profit and revenue on strong Wall Street results (cnbc)
  6. “the PPI was actually “a lot better” than it looks, given that the components that feed into the PCE were benign.” (bloomberg)
  7. Why Dividend Aristocrats and REIT Stocks Are Poised to Rally (barrons)
  8. Traders piled into bets against small-cap stocks at exactly the wrong time (marketwatch)
  9. China’s Highest-Level Economic Summit Kicks Off Soon. 3 Things to Know. (barrons)
  10. ‘Christmas in July’: Why Goldman and Other Big Bank Stocks Have Taken Off (barrons)
  11. Fed’s Goolsbee: ‘Profoundly encouraging’ June CPI data makes case for rate cuts (marketwatch)
  12. Fed’s Daly says U.S. economic data now justify an interest-rate cut (marketwatch)
  13. One S&P 500 sector has gotten less expensive — even while rising by double digits (marketwatch)
  14. Why Jack in the Box, Wendy’s, and Other Cheap Restaurant Stocks Are Jumping (barrons)
  15. Milder Inflation Opens Door Wider to September Rate Cut (wsj)
  16. The One-Child Policy Supercharged China’s Economic Miracle. (wsj)
  17. The Chrysler Building, the Jewel of the Manhattan Skyline, Loses Its Luster (nytimes)
  18. Yen keeps markets on edge, data points to BOJ intervention (streetinsider)
  19. ‘Get us more paper’ — Indian equity issuance hits record high (ft)
  20. Sterling surges to one-year high after UK growth and US inflation surprises (ft)
  21. Hong Kong and mainland Chinese exchanges add 91 ETFs to Stock Connect scheme (scmp)
  22. A Once-in-a-Decade Opportunity: 2 Magnificent S&P 500 Dividend Stocks Down 47% and 59% to Buy in the Second Half of 2024 (fool)

Be in the know. 20 key reads for Thursday…

  1. Alibaba’s AI model outperforms Chinese rivals, ranks just behind OpenAI, Anthropic (scmp)
  2. Traders boost bets on Fed rate cut in Sept after CPI data (reuters)
  3. Goldman Strategists Say Big Tech’s AI Splurge Worries Investors (bloomberg)
  4. PepsiCo Earnings Beat Expectations. Why the Stock Is Dropping. (barrons)
  5. Glamorous Garages and Beautiful Barns: The New Must-Have Amenities (barrons)
  6. Ford Is Making a Comeback. It’s Time to Buy the Stock. (barrons)
  7. Pfizer Moves Forward With Weight-Loss Pill. The Stock Is Rising. (barrons)
  8. There’s a very short window to bet against the dollar, says Goldman Sachs. (marketwatch)
  9. The Golf Putter That Works So Well, ‘It Feels Like Cheating’ (bloomberg)
  10. The Risky-Loan Trade Is Back (wsj)
  11. Tony Robbins Bet $200 Million on a Green-Energy Breakthrough. Proof It Works Remains Elusive. (wsj)
  12. What’s Behind Powell’s Latest Shift on Rates (wsj)
  13. American Workers Have Quit Quitting, for Now (wsj)
  14. How Drug Middlemen Keep Beating the System (wsj)
  15. Apple Settles E.U. Case by Opening Its Payment Service to Rivals (nytimes)
  16. Private Equity’s Creative Wizardry Is Obscuring Danger Signs (bloomberg)
  17. China’s plenum must offer action not rote slogans (ft)
  18. Hong Kong stocks rise after China unveils fresh curbs on short-selling to lift confidence (scmp)
  19. 3 Reasons to Buy Intel Stock Like There’s No Tomorrow in 2024 (fool)
  20. Treasury yields fall on rate-cut optimism (wsj)

 

Be in the know. 25 key reads for Wednesday…

  1. Powell Inches the Fed Closer to Cutting Rates (wsj)
  2. Why China’s Third Plenum Matters for Global Investors (bloomberg)
  3. Powell remarks on day one suggested September cut (marketwatch)
  4. China’s central bank arms itself for rare bond market intervention (ft)
  5. Intel’s momentum has flipped as stock looks to book five-session winning streak (marketwatch)
  6. Great Hill Capital LLC Chairman and managing member Thomas Hayes discusses Fed Chair Powell’s testimony ahead of the release of the highly anticipated inflation data. (foxbusiness)
  7. The S&P 493’s earnings recession is over (yahoo)
  8. Internet Stocks Mostly Rebound, National Team Rumored To Be Buying Small Cap ETFs (chinalastnight)
  9. BABA-SW Offloads 3.9M Shrs of CLOUD MUSIC to Cash in $350M+ (aastocks)
  10. US economy no longer overheated, Fed’s Powell tells Congress (reuters)
  11. Fed’s Powell: “More good data” will “strengthen” case for rate cut (reuters)
  12. Disney to add new ship in Tokyo to expanding cruise business (reuters)
  13. Exclusive: Fed may tweak rule that could save biggest US banks billions (reuters)
  14. Alibaba bets on generative AI tools to help cross-border merchants, executive says (scmp)
  15. Exclusive Ivy League Social Clubs Are Desperate for Members (wsj)
  16. Boeing likely to suffer minimal impact from guilty plea, analysts predict (ft)
  17. Intel rally due to a ‘clear short cover trade underway in semis’ – Mizuho (streetinsider)
  18. A double cheeseburger for $1.99? Why fast-food prices are going even lower. (marketwatch)
  19. Taiwan Semiconductor Leads Chip Stocks Higher. (barrons)
  20. It Might Be Time to Sell Some of Your AI Stocks (barrons)
  21. Powell Testimony Today: Stocks Edge Up Ahead of Fed Chair’s Second Day of Remarks (wsj)
  22. US Natural Gas Bulls Finally Get Some Good News (bloomberg)
  23. 3M’s CFO Steps Down After Leadership Shakeup, Health Spin (bloomberg)
  24. China’s ETF market sees ‘explosive’ growth, inflows jump 5-fold in three years, Morningstar says (cnbc)
  25. Instead of Buying the Dip on Stock-Split Stocks Like Nvidia and Broadcom, Consider These 3 Semiconductor Stocks (fool)

 

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)