Category: What I’m Reading Today

Be in the know. 18 key reads for Wednesday…

  1. Some People Are Just Lucky. You Can Make Yourself One of Them. (wsj)
  2. There are now more central banks cutting interest rates than those hiking them: Deutsche Bank analysis (businessinsider)
  3. Wall Street Rally Boosts Everything From Microsoft to Small Caps (bloomberg)
  4. 10-year Treasury yield falls to two-month low, dips below 4.4% (cnbc)
  5. Israeli Cabinet Approves Major Hostage Deal, Multi-Day Ceasefire With Hamas (zerohedge)
  6. ‘Too many skunks at the party.’ Bank of America strategist charts S&P 500’s path to 5,000 (marketwatch)
  7. Jack Ma Reverses Plan to Trim Stake (bloomberg)
  8. RBC introduces a 5,000 year-end 2024 target for S&P 500 (streetinsider)
  9. Warren Buffett Just Named the Executors of His Will—and What Else We Learned From His Latest Letter (barrons)
  10. 4 Bank Stocks That Stand to Gain the Most if the Fed Cuts Rates Soon (barrons)
  11. The Fed Wants More Evidence Before Changing Rate Stance (wsj)
  12. Mortgage demand jumps to six-week high as interest rates continue to drop (cnbc)
  13. HP CEO says AI capabilities will ‘double the growth of the PC category’ (cnbc)
  14. Biden and Xi’s meeting sent an important signal for U.S. business in China (cnbc)
  15. China’s Exporter Stocks to Rally on Global Demand, SocGen Says (bloomberg)
  16. Clorox’s stock rises on J.P. Morgan upgrade to neutral from underweight (marketwatch)
  17. Streaming Accounts For Nearly 40% Of US TV Consumption (zerohedge)
  18. Alibaba reassures on founder Jack Ma’s share sale plan and moves to quash lay-off rumours in internal letter (scmp)

Be in the know. 13 key reads for Tuesday…

  1. PC Sales Are Ready to Take Off Again. It’s All About AI. (barrons)
  2. Hedge funds plow cash into top tech stocks leading to record levels of crowding (marketwatch)
  3. China Stimulus-Led Property Rally Meets Skeptical Investors (bloomberg)
  4. US Mortgage Rates Fall for Third Week, Dropping to 7.44% (bloomberg)
  5. China Property Stocks Surge, With Sunac Rallying 27%, After Beijing Picks 50 Firms to Fund (bloomberg)
  6. Yuan Seen Extending Rally to Approach Key 7 Level by Year-End (bloomberg)
  7. Chinese tech giant Baidu’s shares rise 2% after revenue beat (cnbc)
  8. Fed Minutes May Show Central Bank’s Priorities (barrons)
  9. These ten stocks, not just from tech, are the key to next year’s S&P 500 earnings growth (marketwatch)
  10. This is a great time to be long dated Treasuries, says Komal Sri-Kumar (bloomberg)
  11. Exclusive: China’s state banks are buying yuan, quickening its rally (reuters)
  12. The Big Read. Can Disney rediscover the magic? (ft)
  13. How Travis Kelce Manifested the Best Year of His Life (wsj)

Be in the know. 13 key reads for Monday…

  1. JPMorgan, Citi Are Divided on Corporate America’s Profit Outlook (bloomberg)
  2. The Stock Market Has Seen Strong ‘Breadth.’ More Gains Could Be Ahead. (barrons)
  3. “While investors have bought more stocks — the positioning jump at the end of October is among the highest on record — they’re still just above neutral now.” (marketwatch)
  4. Amazon launches program to train millions of workers in AI: report (marketwatch)
  5. Wall Street’s ESG Craze Is Fading. Investors pulled more than $14 billion from sustainable funds this year (wsj)
  6. The Hidden Hero Fueling Soft-Landing Hopes: A Boost in Supply (wsj)
  7. China Wants to Bulldoze Old Neighborhoods to Revive the Economy (nytimes)
  8. Yellen Says US Making ‘Considerable Progress’ Reducing Inflation (bloomberg)
  9. Citigroup Cuts Over 300 Senior Manager Roles in Latest Restructuring (bloomberg)
  10. McDonald’s increases its minority stake in China business (cnbc)
  11. Stocks will likely continue their upward momentum into year-end, says Ryan Detrick (cnbc)
  12. What Rally? Goldman Prime Finds Hedge Funds Shorted Stocks For A Record 15th Consecutive Week (zerohedge)
  13. Why Amazon (AMZN) is well-positioned into 2023 holiday season – JP Morgan (streetinsider)

Be in the know. 12 key reads for Sunday…

  1. Wall Street Has a Plan for a Soft Landing: Buy More Stocks (wsj)
  2. Are Semiconductors (SMH) Nearing Cup With Handle Bullish Breakout? (kimblechartingsolutions)
  3. Why The Las Vegas Grand Prix Is Formula 1’s Biggest Bet Ever (forbes)
  4. James Bond’s Global Filming Locations Now Have Their Own Coffee Table Book (robbreport)
  5. First Drive: The Lotus Eletre Is a Powerful Shock to the System (mensjournal)
  6. Exclusive First Look: David Beckham Debuts Maserati MC20 ‘Notte’ Supercar (maxim)
  7. China’s imports of chip-making equipment rose by 93% in Q3: report (technode)
  8. Summing Up the Biden-Xi Summit (project-syndicate)
  9. Max Verstappen Wins Eventful Las Vegas Grand Prix (roadandtrack)
  10. Inflation RIP (scottgrannis)
  11. Alibaba Delivers First Dividend and Solid Q2 Results; New Management Team Commits to Investing for Growth (alizila)
  12. Aliviews: Joe Tsai on Alibaba’s Q2 Earnings (alizila)

Be in the know. 10 key reads for Saturday…

  1. Obesity Drugs Put These Stocks on a Crash Diet—Now They’re Rebounding (wsj)
  2. Charles Payne: Love being a rose-colored glasses person (foxbusiness)
  3. Six Flags, Howard Hughes, and More Stocks See Action From Activist Investors (barrons)
  4. Disney Now Faces Two Activist Investors (barrons)
  5. What Recession? Consumers Still Have Plenty to Spend. (barrons)
  6. Patients paying $10K for plastic surgery to fix sagging ‘Ozempic face’ (nypost)
  7. “IT investment will grow exponentially and demand for cloud computing will expand exponentially”. (ft)
  8. Wall Street Traders Are Placing All-or-Nothing Bets on a Soft Landing (bloomberg)
  9. Hedge Funds Turn Most Bearish on Japanese Yen Since April 2022 (bloomberg)
  10. The 10 Best Dividend Stocks (morningstar)

Be in the know. 25 key reads for Friday…

  1. BABA-SW to Enhance Shareholder Returns via 4 Key Measures, Plans to Raise ROIC to Double Digits (aastocks)
  2. exclusive | Jack Ma’s office says he is ‘very positive’ about Alibaba despite sell-off (scmp)
  3. Alibaba banks on new growth pillars after cloud spin-off stumbles (scmp)
  4. Foreign investors may be turning bullish on China again as bond purchases jump (businessinsider)
  5. Xi Jinping Revives Hopes for Pandas’ Return to the U.S. (wsj)
  6. Charles Payne: China won’t give up prosperity for world dominance (foxbusiness)
  7. Xi Pledges ‘Heart-Warming’ Steps to Attract Foreign Capital (bloomberg)
  8. China Will Be At Forefront of AI, Alphabet’s Pichai Says (bloomberg)
  9. Advance Auto’s Big Changes Could Drive a Stock Turnaround—or It Could Be a Value Trap (barrons)
  10. Carvana Stock, CarMax Sink As Amazon Enters Online Car Sales (investors)
  11. What Recession? Consumers Still Have Plenty to Spend. (barrons)
  12. Can Taylor Swift Do for Cruise Lines What She Did for Movie Theaters? (barrons)
  13. Fawne Jiang, an analyst at Benchmark. “It was undoubtedly a disappointing quarter; however, we do not see a structural fundamental change.” Benchmark maintained its Buy rating with a $150 price target—still a bullish call. (barrons)
  14. China Vows to Meet ‘Reasonable’ Funding Needs of Developers (bloomberg)
  15. Amazon is the ‘No. 1 pick’ for large capital: Mark Mahaney (foxbusiness)
  16. The Share of Americans Who Are Mortgage-Free Is at All-Time High (bloomberg)
  17. The Case for Two Fed Rate Cuts in Early 2024 Is Building (bloomberg)
  18. Weight-Loss Drugs Will Be Sold as Pills, With Just as Many Side Effects and Cost Issues (bloomberg)
  19. Ray Dalio on Xi dinner: A gathering of old friends and ‘stepping back’ from the risks of war (cnbc)
  20. Alibaba Beats But Cloud IPO Pulled (chinalastnight)
  21. The No. 1 life regret of the dying: I see it ‘all the time,’ says psychologist—what he does before it’s too late (cnbc)
  22. Rolls-Royce shares at one-year high despite ‘defective’ engine jibes from Emirates boss (cnbc)
  23. The Estée Lauder Family Built a Beauty Empire. A Succession Rift Threatens It. (wsj)
  24. Is the Stage Set for a Year-End Rally? (wsj)
  25. Opinion: Bulls control the stock market now and a new S&P 500 high is within reach (marketwatch)

Be in the know. 40 key reads for Thursday…

  1. Barclays Strategists Stand Out in Call for Stocks Over Bonds (bloomberg)
  2. Small-cap stocks are the theme for 2024: Thomas Hayes (foxbusiness)
  3. Buy Intel Stock Now, Analyst Says. The Company Will Be ‘Unlocking Value’ in 2024. (barrons)
  4. Alibaba Stock Plunges as Cloud Spinoff Cancelled. Blame U.S.-China Relations. (barrons)
  5. Alibaba cancels cloud unit spin-off, posts 9% revenue growth (scmp)
  6. Companies Tried to Spend Less on Cloud. Then AI Showed Up. (wsj)
  7. Alibaba backtracks on cloud spinoff plans, sending stock tumbling after earnings (marketwatch)
  8. Biden-Xi Meeting Delivers Small Wins and Promises of Better Ties (bloomberg)
  9. The Fed Has Put Our Housing Market in Jeopardy (nytimes)
  10. S. Retail Sales Fall for First Time Since March as Holiday Season Approaches (wsj)
  11. The $2 Trillion Interest Bill That’s Hitting Governments (wsj)
  12. Inflation in the US is improving, the public mood is still sour (reuters)
  13. Citigroup begins layoffs as part of CEO Jane Fraser’s corporate overhaul (cnbc)
  14. Goldman Sachs analyst Asad Haider wrote in a note in early October that the XBI “has largely become an inverse rates proxy.” (barrons)
  15. Xi: China Is Ready to Be a Partner and Friend of the US (bloomberg)
  16. This banking giant has been saying cash is king. Now it advises a switch to stocks. (marketwatch)
  17. Xi Says China Will Not Fight Cold or Hot War With Anyone (bloomberg)
  18. LORD OF THE DEEP (bloomberg)
  19. Emerging markets to gain from Fed easing, better growth prospects: Amundi’s Berardi (reuters)
  20. What the Biden-Xi Talks Accomplished (and Didn’t) (nytimes)
  21. NYC’s Le Bernardin nabs No. 1 spot on list of world’s best 1,000 restaurants (nypost)
  22. UBS expects bonds and stocks to rise in 2024 on U.S. soft landing (reuters)
  23. Biden is trying to bring down tensions by making Xi talks private: Fmr Commerce Sec. Gutierrez (cnbc)
  24. President Biden: Made important progress today with President Xi on number of issues (cnbc)
  25. Biden, Xi’s ‘blunt’ talks yield deals on military, fentanyl (reuters)
  26. US Continuing Jobless Claims Rise to Highest in Almost Two Years (bloomberg)
  27. Intel’s stock could be an ‘under-the-radar AI play’ — one reason this analyst says it’s now a buy (marketwatch)
  28. Ant’s profit would have grown to 9.6 billion yuan, excluding the 7 billion yuan fine in July. (bloomberg)
  29. Treasury yields fall as investors weigh interest rate outlook (cnbc)
  30. A Taylor Swift song is the best investment advice for 2024, Goldman Sachs says (businessinsider)
  31. US Retail Sales Declined As Student Debt Payments Resumed In October (zerohedge)
  32. Walmart CEO expects to see ‘period of deflation’ in the coming months (marketwatch)
  33. 5 takeaways from Biden’s long-awaited meeting with China’s Xi (marketwatch)
  34. 10 media stocks expected by Wall Street analysts to rise as much as 60% in 2024 (marketwatch)
  35. GM Union Contract Nears Ratification With Big Win at Texas Plant (bloomberg)
  36. How Amazon Is Going After Microsoft’s Cloud Computing Ambitions (bloomberg)
  37. Amazon Says Prototype Internet Satellites Are Working as Planned (bloomberg)
  38. Disney drama builds for Bob Iger as another activist investor builds large stake (nypost)
  39. 10-year Treasury yield below 4.5% as market sees zero chance of Fed hiking rates in next two meetings (marketwatch)
  40. Pharma Is Out of Favor. 5 Drug Stocks With Room to Grow. (barrons)

Be in the know. 25 key reads for Wednesday…

  1. Biden says his goal for Xi meeting is to get U.S.-China communications back to normal (marketwatch)
  2. Cooling Inflation Likely Ends Fed Rate Hikes (wsj)
  3. China retail sales, industrial data grow faster than expected in October (cnbc)
  4. China Pumps Cash Into Banking System to Support Stimulus Funding (bloomberg)
  5. UK inflation falls by more than expected in October to 4.6%, lowest in two years (cnbc)
  6. House Approves a Stopgap Federal Funding Plan (barrons)
  7. As Rent Rises Cool, So Will Inflation
  8. China’s Clout Undimmed as U.S. Companies Line Up to Meet Xi Jinping. Why It’s a Two-Way Street. (barrons)
  9. com Results Were Great. (barrons)
  10. The ‘face-ripper’ rally in the stock market will continue as inflation may have just hit a wall, Fundstrat’s Tom Lee says (businessinsider.)
  11. Tencent’s Profit Beat Soothes Fears of China Downturn Fallout (bloomberg)
  12. The Stock Market Is Soaring. Here’s How High the S&P 500 Could Go. (barrons)
  13. Bank stocks surge after inflation report, regional banking ETF logs biggest gain since May (marketwatch)
  14. Advance Auto Parts Reports Third Quarter 2023 Results and Provides Updates on Strategic and Operational Review (advanceautoparts)
  15. Surge in real-estate stocks propels sector to best-performing in S&P 500 as bond yields fall (marketwatch)
  16. Gasoline Prices, a Key Driver of Inflation, Fell. What to Expect Next Month. (barrons)
  17. Biden, Xi Eye Economic and Military Thaw in High-Stakes Meeting (bloomberg)
  18. Goldman’s Kostin Latest on Wall Street to See 2024 Stock Gains (bloomberg)
  19. China’s Mixed Economic Data Adds to Case for More Stimulus (bloomberg)
  20. The Elusive Soft Landing Is Coming Into View (wsj)
  21. Russell 2000 Call Volumes Explode To All Time High In Short-Crushing Ripfest (zerohedge)
  22. The Big Read. Is Indonesia finally set to become an economic superpower? (ft)
  23. Real Estate Stimulus Announced As Xi Heads To The US (chinalastnight)
  24. Very important for Xi Jingping to stabilize U.S.-China relations, says CFR’s Zoe Liu (cnbc)
  25. The inflows into year end will create ‘a lot of market breadth’, says Fundstrat’s Tom Lee (cnbc)

Be in the know. 21 key reads for Tuesday…

  1. Inflation Cools to 3.2%, Likely Ending Fed Rate Hikes (wsj)
  2. China Mulls $137 Billion of New Funds to Aid Housing Market (bloomberg)
  3. Investors least bearish since February 2022 – BofA (reuters)
  4. Your loan rates may plunge if UBS’s Fed forecast is correct (thestreet)
  5. Consumer Price Index Summary (bls)
  6. Neither U.S. nor China wants the relationship to deteriorate further: Fmr. Commerce Sec. Gary Locke (cnbc)
  7. Buy Hated Bank Stocks (barrons)
  8. Biden, Xi to Announce China’s Crackdown on Fentanyl Trade (bloomberg)
  9. Inflation Heads Lower as Gasoline Prices Drop (barrons)
  10. Big Banks Say Interest-Rate Cuts Are Coming. What It Means for Stocks. (barrons)
  11. Chrysler Parent Stellantis Prepares to Offer Buyouts to U.S. Salaried Workers (wsj)
  12. Strategists at BofA Global Research found Pfizer and Merck accounted for half of the reduction in fourth-quarter earnings estimates between Oct. 1 and early November. (wsj)
  13. Treasury Yields Slide as Soft CPI Boosts View Fed Is Done Hiking Rates (bloomberg)
  14. A 1962 Ferrari GTO Race Car Auctions for Record $51.7 Million (bloomberg)
  15. Kraft Heinz and J.M. Smucker upgraded as analysts say Ozempic fears are overdone (marketwatch)
  16. CPI Unexpectedly Misses Across The Board, Core Inflation Lowest In Over 2 Years (zerohedge)
  17. Last week marked the largest weekly buyback in BofA’s data history (streetinsider)
  18. ‘There’s disinflation in the US economy, and we’re heading back to 2%’ – JPMorgan’s Kelly (streetinsider)
  19. Dollar weakens after data shows U.S. inflation moderating (streetinsider)
  20. Xi and Biden to try to ease tensions as Taiwan looms over US-China talks (ft)
  21. PBOC Said to Provide RMB1T+ Financing to Support Home Mkt; HSI Futures in Night Session (aastocks)

Be in the know. 23 key reads for Monday…

  1. Emerging-Market Stocks Halt Declines as China Sentiment Improves (bloomberg)
  2. Is the Stock Market Rally About to Rev Up? (wsj)
  3. The Stakes for Biden and Xi’s Summit as Two Rivals Face Off (bloomberg)
  4. Biden-Xi Summit Set to Highlight Economic Dependence (bloomberg)
  5. Oregon Decriminalized Hard Drugs. It Isn’t Working. (wsj)
  6. Investors Too Worried About Profit Outlook, Goldman Strategists Say (bloomberg)
  7. Alibaba Saw Singles Day Sales Growth, but Don’t Call It a Win for China’s Economy (yahoo)
  8. Goldman Sachs, Morgan Stanley Diverge on Fed Rate-Cut Forecasts (bloomberg)
  9. China Set to Add Liquidity Support to Stave Off Cash Squeeze (bloomberg)
  10. Everything Biden and Xi Need From Their Summit—Starting With Each Other (bloomberg)
  11. China Weighs Ending Freeze on Boeing With 737 Max Deal in US (bloomberg)
  12. Buying Junk Bonds Is the Top Contrarian Trade for 2024 (bloomberg)
  13. The Fed Has Time to ‘Let Things Happen’ (bloomberg)
  14. BABA Taobao & Tmall ‘11.11’ Sales See Positive Growth in GMV/ Order Vol./ Participating Merchants (aastocks)
  15. Forget the S&P 500. Pay attention to the S&P 493 (economist)
  16. Bank of America Stock Is Slumping. One Director Bought Up Shares. (barrons)
  17. BofA’s Hartnett Says Markets Outlook Flips to Greed From Caution (bloomberg)
  18. New Gene Editing Treatment Cuts Dangerous Cholesterol in Small Study (nytimes)
  19. Pfizer wants in on the weight loss drug market – and upcoming data will be crucial for its success (cnbc)
  20. Boeing shares jump on report China may end freeze on 737 Max aircraft and after flurry of deals out of Dubai (marketwatch)
  21. Inside Wall Street’s scramble after ICBC hack (reuters)
  22. What It Took to Get Biden and Xi to the Table (wsj)
  23. The US economy may be reliving the ‘roaring ’20s’ – and that means growth, inflation, and rates will all stay high, UBS says (businessinsider)