Category: What I’m Reading Today

Be in the know. 17 key reads for Thursday…

  1. Germany’s Economy Is Stuck. But Stocks Are Looking Cheap. (barrons)
  2. Gym attendance falls flat as Ozempic is blamed for causing people to vomit during workouts (nypost)
  3. Intel and OpenAI Gauge Chip Demand, and Other Tech News Today (barrons)
  4. Royal Caribbean Hikes Guidance on Surging Cruise Demand. The Stock’s Rally Can Resume. (barrons)
  5. Stocks can get more expensive, says strategist. Don’t get in front of FOMO for now. (marketwatch)
  6. What’s Holding Back Auto Stocks? It Could Be Dividends. (barrons)
  7. Nvidia Stock Surges. Earnings Answered 3 Key Questions. (barrons)
  8. Fed Minutes Show Embrace of Inflation Progress but No Hurry to Cut Rates (nytimes)
  9. The S&P 500 could hit 5,400 by year-end, says Ed Yardeni (cnbc)
  10. NVDA Adds Record $250BN In Market Cap Overnight: Two Goldman Sachs Or A Whole Netflix (zerohedge)
  11. Nvidia Declares AI a ‘Whole New Industry’—and Investors Agree (wsj)
  12. It’s Been 30 Years Since Food Ate Up This Much of Your Income (wsj)
  13. Killing Time During a Layover? These Golf Courses Near Airports Should Help (wsj)
  14. Rolls-Royce shares jump 10% after 2023 profits more than double (cnbc)
  15. Chinese tourists are driving Asia-Pacific’s travel boom — flight bookings to hit pre-pandemic levels (cnbc)
  16. UBS says hot, demand-driven inflation is positive for stocks, raises its S&P 500 target to a Wall Street high (businessinsider)
  17. These 3 charts show that today’s stock market is nowhere near the bubble extremes of 1999 (businessinsider)

Be in the know. 22 key reads for Wednesday…

  1. Will Food Prices Stop Rising Quickly? Many Companies Say Yes. (nytimes)
  2. China Tightens Grip on Stocks With Net Sale Ban at Open, Close (bloomberg)
  3. Did The India Bubble Just Burst (zerohedge)
  4. Natural-gas prices bounce 8% as Chesapeake plans production cuts (marketwatch)
  5. Bank of America: These 25 stocks with sustainable dividends trading at a 50% discount to the market should outperform during this recovery (businessinsider)
  6. China Drafts Law to Protect Private Firms to Boost Confidence (bloomberg)
  7. Quant Hedge Funds Face China Clampdown After Rare Account Freeze (bloomberg)
  8. China Stocks Jump to Highest in Weeks (bloomberg)
  9. Why Nuclear Power Should Be Ramped Up (bloomberg)
  10. Two years after Apple quit Russia over Ukraine, Vision Pros are for sale in Moscow (cnbc)
  11. Amazon to replace Walgreens in Dow Industrial Average next week (cnbc)
  12. Crown Castle co-founder launches proxy fight after Elliott rejection (cnbc)
  13. Oppenheimer’s Stoltzfus expects stock rally to expand beyond the tech sector (streetinsider)
  14. Goldman turns positive on global equities (streetinsider)
  15. UBS now sees Fed starting to cut rates in June (streetinsider)
  16. China circumvents US tariffs by shipping more goods via Mexico (ft)
  17. Mortgage Rate Cut and New CSRC Head’s Outreach Lift Markets (chinalastnight)
  18. Nvidia is all about risk management and exposure maintenance, says Tim Urbanowicz (cnbc)
  19. UBS says hot, demand-driven inflation is positive for stocks, raises its S&P 500 target to a Wall Street high (businessinsider)
  20. AI’s golden child takes center stage today (businessinsider)
  21. 3 things could pop megacap stock bubble — and ‘weigh heavily’ on broader market (marketwatch)
  22. Fed Minutes May Shed Light on Rate-Cut Calculus (barrons)

Be in the know. 28 key reads for Tuesday…

  1. Wall Street’s ‘mob psychology’ could fuel a dangerous stock meltup, warns top strategist (marketwatch)
  2. Daytona 500 highlights: All the top moments from William Byron’s win in NASCAR opener (usatoday)
  3. Nvidia’s earnings report could kill the momentum driving U.S. stocks higher, regardless of how it turns out. (marketwatch)
  4. The Economy Is Booming, Data Show. Wall Street Disagrees. (wsj)
  5. Everything China’s Doing to Rescue Its Battered Stock Market (bloomberg)
  6. China boosts property funding with first cut in key loan rate since June (cnbc)
  8. China data shows biggest travel surge since COVID (marketwatch)
  9. China cuts mortgage rates by record amount to help struggling property sector (marketwatch)
  10. Wall Street Firms Are Flip-Flopping on Climate. Here’s Why. (nytimes)
  11. Citi’s Montagu: US equity futures bullish positioning unchanged despite pullback (streetinsider)
  12. Bernstein raises Disney (DIS) PT, expects positive impact from password-sharing crackdown (streetinsider)
  13. Is Highflyer Nvidia Losing Its Luster? (institutionalinvestor)
  14. How War in Europe Boosts the U.S. Economy (wsj)
  15. Billions Start Flowing to Chip Makers for New U.S. Factories (wsj)
  16. Tiger Woods Offers a Glimpse of What’s Next (wsj)
  17. Are Lithium Stocks at Rock Bottom? (wsj)
  18. Nike Joins Growing List of US Companies Doing Large Layoffs (bloomberg)
  19. Airbus says competition from China’s Comac C919 is ‘not going to rock the boat’ (cnbc)
  20. Elon Musk says Neuralink’s first patient can move a computer mouse ‘by just thinking’ (businessinsider)
  21. Goldman Sachs ups year-end S&P 500 target to 5,200, says Big Tech must do the heavy lifting (marketwatch)
  22. Nvidia’s Staying Power Is the $2 Trillion Question (wsj)
  23. These Drug Companies Are Going Nuclear to Fight Cancer (wsj)
  24. China’s New Securities Chief Meets With Market Participants to Address Concerns (wsj)
  25. In Rare Move, China Stock Watchdog Vows to Heed Market Criticisms to Avert $5 Trillion Rout (bloomberg)
  26. China Supercharges Stimulus With Biggest Cut In Mortgage Reference Rate On Record (zerohedge)
  27. Ozempic Users Slash Snack Buying At Supermarkets, Survey Finds (zerohedge)
  28. Lots of positive signals from the market beneath the mega-caps, says Ryan Detrick (cnbc)

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)

Be in the know. 10 key reads for Sunday…

  1. Robb Report’s 2024 Car of the Year: The 10 Contenders (robbreport)
  2. Masters in Business: Bill Dudley (bloomberg)
  3. Up 7 of Last 12 After Presidents’ Day but Still Weak Long Term (almanac trader)
  4. Natural Gas Crashes Into Historic 25-Year Price Support (kimblechartingsolutions)
  5. Michigan Consumer Sentiment Essentially Unchanged in February (advisorperspectives)
  6. Producer Price Index: Wholesale Inflation Inches Down to 0.9% in January (advisorperspectives)
  7. Weekly Leading Economic Index (advisorperspectives)
  8. Banner week for billionaire investor Carl Icahn – a total of four board seats at JetBlue and American Electric Power will go to deputies as Icahn celebrates his 88th birthday (fortune)
  9. Big Shale means ‘consolidate or get eaten,’ Wall Street is all in, and one of the ‘last original wildcatters’ will become America’s richest oilman (fortune)
  10. We Drove The Ferrari Roma Spider Through Italy’s Sardinian Mountains (maxim)

Be in the know. 15 key reads for Saturday…

  1. A US productivity boom may explain how inflation slowed amid a strong economy (cnn)
  2. This Tech Stock Is a Bargain Waiting to Be Found. Just Bring a Calculator. (barrons)
  3. Fed’s Bostic Argues for Patience on Rate Cuts. Here’s His Case. (barrons)
  4. Consumer Sentiment Stalls in February (barrons)
  5. Want your stock picks to beat index funds? Look at companies with one key metric. (marketwatch)
  6. Small-cap stocks haven’t been this volatile in nearly a year. What it means for the long-suffering sector. (marketwatch)
  7. Finding Stocks to Buy Is Getting Harder. 6 Shorts to Consider, From an Analyst. (barrons)
  8. The Stock Market Is Melting Up. Prepare for a Short-Term Correction. (barrons)
  9. JPMorgan and State Street quit climate group as BlackRock scales back (ft)
  10. Intel in Talks for More Than $10 Billion in Chips Act Incentives (bloomberg)
  11. How Uber Beat the Skeptics and Became Profitable (bloomberg)
  12. Odd Lots Newsletter: Who Cares When the Rate Cuts Start? (bloomberg)
  13. Top Investors Share the Toughest Lessons They Had to Learn (bloomberg)
  14. 4 Warren Buffett Stocks to Buy Now (morningstar)
  15. This 30% Undervalued Stock Is a Buy After a 7% Dividend Increase (morningstar)

Be in the know. 15 key reads for Friday…

  1. Temu Is ‘Shopping Like a Billionaire’ for Ads. What Could Go Wrong? A lot. The recent relatively cheap sale of Wish, which also spared no expense when it came to marketing, proves it. (bloomberg)
  2. Improved Cash Flow Highlights Cooper Standard’s Fourth Quarter and Full Year 2023 Results (cooperstandard)
  3. Chinese New Year travel and consumption data continues to come in strong, with a strong increase in hotel bookings of +60% year-over-year, according to the Ministry of Commerce. Meanwhile, Meituan reported a +36% YoY increase and +155% versus 2019 in “daily consumption growth.” E-Commerce spending appears to be coming in strong, though Hainan Island, China’s Hawaii, does not have enough planes to get people home. Macau and Hong Kong visitor numbers look strong too. (chinalastnight)
  4. Overseas Chinese tourists back as Alipay transactions up 7 per cent from 2019 (scmp)
  5. ‘The Big Short’s’ Michael Burry Doubled Down on Alibaba Stock and JD.com. Should You? (barrons)
  6. China steps up ‘whitelist’ mechanism for property sector – media (reuters)
  7. UK shoppers pick up their spending, signaling quick end to recession (reuters)
  8. China Holiday Travel Surge Hints at Consumer Spending Pickup (bloomberg)
  9. Banks Are Piling Back Into Everything From Mortgage Debt to CLOs (bloomberg)
  10. Macau Sees Record Lunar New Year Visitors in Boost for Casinos (bloomberg)
  11. UK Energy Bills Set to Drop 15% in Boon for Taming Inflation (bloomberg)
  12. Goldman Strategists See Stronger US Consumers Boosting Luxury Stocks (bloomberg)
  13. Coca-Cola Boosts Its Dividend Again (barrons)
  14. What the Top Hedge Funds Are Buying: an Inside Peek (barrons)
  15. CN Govt Plans to Buy Distressed Private Property Projects, then Sell or Rent them Out after Conversion – Report (aastocks)

Be in the know. 27 key reads for Thursday…

  1. Michael Burry Adds to China Big Tech Wager as Stock Rout Deepens (bloomberg)
  2. Hong Kong stocks rebound as funds bank on Beijing for stronger market support (scmp)
  3. Can America Turn a Productivity Boomlet Into a Boom? (nytimes)
  4. Japan is no longer the world’s third-largest economy as it slips into recession (cnbc)
  5. Alibaba’s research division, unveiled three ground-breaking processors rooted in the open-source RISC-V architecture. The Xuantie (玄铁) C920, Xuantie C907, and Xuantie R910 processors promise to accelerate application of RISC-V technology into diverse sectors, from autonomous vehicles and artificial intelligence (AI) to enterprise hard drives and network communications (Mydrivers News, November 24). (jamestown)
  6. Bet on battered IPOs, small caps and retail as rally broadens out (marketwatch)
  7. Retail Sales Slow. Cold Weather and Rates Hurt Spending Appetite. (barrons)
  8. Nvidia’s Earnings Pose a Risk. Protect Your Gains. (barrons)
  9. China Used to Be the World’s Best Growth Story. Now It’s a Value Play. (barrons)
  10. Immigration Wave Delivers Economic Windfall. But There’s a Catch. (wsj)
  11. Warren Buffett’s Berkshire Hathaway Trims Its Massive Stake in Apple (wsj)
  12. Crown Castle Co-Founder Seeks Board Seats at Big Wireless-Tower Owner (wsj)
  13. Even With Fewer Rate Cuts, You Should Still Buy Bonds (wsj)
  14. China Revives Socialist Ideas to Fix Its Real-Estate Crisis: Under that (the previous) program, the central bank provided low-cost funds to state-owned banks, which then made loans to developers to purchase land from cities and townships and then build more housing units. Those local governments, in turn, doled out cash subsidies to families dislocated from slum-clearance efforts so they could purchase the new units on the open market. The initiative helped restore demand for real estate but led to more construction (wsj)
  15. He Spent Millions Collecting the Rarest Sneakers and Cars on Earth. Now He’s Over it. (wsj)
  16. 16 Best Winter Coats and Jackets That Will Elevate Your Wardrobe (wsj)
  17. Nelson Peltz slams Disney’s investment plans as throwing ‘spaghetti against the wall’ (nypost)
  18. Google Rolls Out Updated AI Model Capable of Handling Longer Text, Video (bloomberg)
  19. China Chip Stocks Look Like Long-Term Winners to Wall Street (bloomberg)
  20. The Best Restaurant in the Middle East and North Africa Is Orafali Bros. in Dubai (bloomberg)
  21. The richest man you’ve never heard of isn’t sure what to do with his billions (businessinsider)
  22. Dunkin’ tracksuits inspired by the chain’s Super Bowl ad with Ben Affleck sold out wicked fast (businessinsider)
  23. As investors flee China, options traders pile into longshot bets pegged to rebound hopes (businessinsider)
  24. This Stock Market Indicator Has Been 100% Accurate Since 1957. It Signals a Big Move in the S&P 500 in 2024. (fool)
  25. Here’s when you will know the stock market has peaked, according to Fundstrat (businessinsider)
  26. JPMorgan and State Street quit climate action group (ft)
  27. The big opportunity in emerging market debt (ft)

Be in the know. 12 key reads for Wednesday…

  1. Fed’s Goolsbee Says Inflation Can Be a Bit Higher, Still on Path to 2% (bloomberg)
  2. Rate Cuts Might Be Delayed. That’s No Reason to Panic. (wsj)
  3. Rate cuts, China recovery to boost Hong Kong stocks in dragon year: Paul Chan (scmp)
  4. Hong Kong stocks jump as Tencent, Alibaba lift Year of Dragon to winning start (scmp)
  5. BABA-SW Seeks Partnerships with Middle East Firms (aastocks)
  6. LNG demand to surge 50% by 2040 in clean-fuel transition, forecasts Shell (ft)
  7. Generac Stock Falls After Earnings. There Is Growth but Just Not Enough. (barrons)
  8. Early Adopters of Microsoft’s AI Bot Wonder if It’s Worth the Money (wsj)
  9. The Six Months That Short-Circuited the Electric-Vehicle Revolution (wsj)
  10. What, Exactly, Should You Eat? Inside the $190 Million Study Trying to Find the Answer (wsj)
  11. Berkshire Hathaway’s Mystery Stock Purchase May Be Revealed Today (barrons)
  12. Macau Casino Stocks Surge on Recovery in China Tourist Arrivals (bloomberg)

Be in the know. 20 key reads for Tuesday…

  1. VF Corp. Stock Is the S&P 500’s Top Performer Monday. Here’s Why. (barrons)
  2. Even as China’s economy is facing difficulties, treating it as un-investable like some analysts have suggested would not be the right call, John Bilton, head of global multi-asset strategy at JPMorgan Asset Management, told CNBC’s “Squawk Box Europe.” (cnbc)
  3. China’s new economy is ‘booming,’ Standard Chartered says (cnbc)
  4. Are “Dragon Babies” Bumping Up China’s Birth Rate? (zerohedge)
  5. JetBlue shares jump 15% as activist Carl Icahn reports stake and calls shares undervalued (cnbc)
  6. Yale happiness expert: The No. 1 thing you can do to be happier—businesses can also use it to excel (cnbc)
  7. BofA Survey Shows Investors Are All In on US Tech Stock Rally (bloomberg)
  8. “Mariani also thinks more natural gas producers could get the itch to merge following the Chesapeake deal. Among the possible targets are Range Resources, Antero Resources, and Comstock Resources.” (barrons)
  9. Growth stocks are outperforming value by widest margin on record. Why that could soon change. (marketwatch)
  10. Cash-Flush Buyers Dip Into Distressed Commercial Real Estate (wsj)
  11. S. Gas Producers Are Racing to Sell to Asia. And Mexico Is Key. (nytimes)
  12. Commercial-Property Loans Coming Due in US Jump to $929 Billion (bloomberg)
  13. Taylor Swift Wows Chinese Women Tired of Xi’s Conservative Era (bloomberg)
  14. Tiger Woods signs apparel and footwear deal with TaylorMade following his split with Nike (cnbc)
  15. Tougher Rent Laws Are Behind Trouble at NYCB (wsj)
  16. Contrarian Plays: 3 Stocks Going Against the Grain That Could Deliver Huge Gains (yahoo)
  17. US biotech fundraising boom ends 2-year deal drought (ft)
  18. US Inflation Tops Forecasts, Likely Delaying Any Fed Rate Cuts (bloomberg)
  19. Molson Coors Spent More to Steal Bud Light Drinkers — and It Worked (bloomberg)
  20. OPEC keeps 2024 oil-demand growth forecast at 2.2 million barrels a day (marketwatch)