Category: What I’m Reading Today

Be in the know. 20 key reads for Monday…

  1. China Plans Twice-a-Decade Financial Policy Conference Next Week (bloomberg)
  2. Big-tech results will decide ‘where we go from here’ amid investor caution. (marketwatch)
  3. Amazon’s delivery drones are finally taking off and your order will arrive within an hour (foxbusiness)
  4. GM Earnings, Outlook To Provide View Into UAW Strike Impact (investors)
  5. The Economy Was Supposed to Slow by Now. Instead It’s Revving Up. (wsj)
  6. China Stages Charm Offensive to Pave Way for Xi Trip (wsj)
  7. Who You Calling Dumb Money? Everyday Investors Do Just Fine (wsj)
  8. Intel CEO Has a Plan to Win the Chip War. It Requires Immigration Reform. (barrons)
  9. UAW’s Shawn Fain Has a Dangerous Opinion on Dividends (barrons)
  10. Tim Cook Can’t Make iPhones Without This Chinese Company and Its CEO (wsj)
  11. The Auto Makers Cry for EV Mercy (wsj)
  12. Disney Nears Multibillion-Dollar India Deal With Reliance (bloomberg)
  13. The Fed Pivot That Turbulent Treasuries Need (bloomberg)
  14. S. chip export ban is ‘great news,’ says partner at Chinese tech investment fund (cnbc)
  15. Another stock market buy signal flashes as investors flee to ‘extreme bearish’ positioning (businessinsider)
  16. Altria Stock and 6 More ‘Strong Buy’ Blue Chips Yielding Up to 9% (247wallst)
  17. Anti-obesity drugs can be boost for food makers, investors say (reuters)
  18. Amazon will now fire workers who refuse to return to the office three days a week (foxbusiness)
  19. Chevron to buy US oil producer Hess for $53bn (ft)
  20. Chart Master: Where yields and gold go next after ‘safe haven’ surge (cnbc)

 

Be in the know. 22 key reads for Saturday…

  1. Ozempic Fear in Food and Drink Stocks Has ‘Gone Overboard,’ RBC Says (bloomberg)
  2. Charles Schwab Has Had a Terrible Year. The Surprising Reason the Brokerage King Won’t Be Dethroned. (barrons)
  3. Big-Name Stock Spinoffs Are Going Mainstream. Here’s Why. (barrons)
  4. How Intel’s New Spinoff Could Help It Take On Nvidia (barrons)
  5. Amazon Stock Could Climb More Than 35%, Wedbush Says (barrons)
  6. UAW Holds Off on Expanding Strike. Still No End In Sight. (barrons)
  7. How to Play Beaten-Up Bank Stocks (barrons)
  8. Are the 7 Big Tech Stocks Overvalued? Here’s One Way to Tell. (barrons)
  9. Frontier Stock Has an Activist Investor. It’s a Positive Catalyst. (barrons)
  10. VF Stock Leads the S&P 500. An Activist Investor Is Making Moves. (barrons)
  11. Carnival Stock Has Slipped From Summer Highs. A Director Bought the Dip. (barrons)
  12. UAW reports progress in talks with GM, Stellantis but wants more (nypost)
  13. Biden Says Hamas Attack Was to Halt Israel-Saudi Arabia Thaw (bloomberg)
  14. How a Vegas Whale, and Many More, Tap Billions Meant for US Housing (bloomberg)
  15. Don’t give up on the 60:40 portfolio now — it has been a good insurance policy in an unpredictable stock market (marketwatch)
  16. It turns out Disney’s ESPN isn’t eroding. But here comes the hard part. (marketwatch)
  17. Bloomberg’s Masters in Business LIVE: Barry Ritholtz w/ AQR’s Cliff Asness (bloomberg)
  18. Carl Icahn sues Illumina board for violating ‘fiduciary duties’ (reuters)
  19. Jeffrey Gundlach & Maria Bartiromo – Rainbow Room, NYC Highlights (DoubleLine)
  20. Trading Stocks Loses Its Thrill: ‘I Would Get Burned’ (wsj)
  21. 4 investing principles of Seth Klarman (mint)
  22. Why Foodies Are Flocking To This Luxe Maine Inn (maxim)

Be in the know. 22 key reads for Friday…

  1. Ozempic Won’t Change the World or Your Flight. Here’s Why. (barrons)
  2. BofA Sees Near-Term Stock Rally as Signal Flashes Contrarian Buy (bloomberg)
  3. Biden Wants to Boost Israel Aid. Defense Stocks Rise. (barrons)
  4. Surging Bond Yields Could Help to Keep the Fed on Hold (barrons)
  5. It’s Time to Take a Chance on the Stock Market’s Biggest Losers (barrons)
  6. The UAW Strike Is Quiet for Now. Union Chief Could Stir the Pot Today. (barrons)
  7. China’s economy is performing much better than markets think, says Shehzad Qazi (cnbc)
  8. 2-year treasury will be a signal for when investors will get relief: NFJ Investment’s John Mowrey (cnbc)
  9. Alibaba Kicks off 2023’s 11.11 With Record Investment by Merchants (alizila)
  10. Alibaba and Tencent lead US$342 million total investment this year in Zhipu AI (scmp)
  11. Ant Group buys land to expand HQ as shadow of China’s tech crackdown dissipates (scmp)
  12. Will The Policy Bazooka Be Unleashed As Lines in The Sand Are Crossed? (chinalastnight)
  13. EM Stocks Set For Worst Week Since August Amid Mideast Conflict (bloomberg)
  14. UAW and General Motors Inch Toward Tentative Deal, Union Negotiator Says (bloomberg)
  15. PC demand is back, says Acer CEO who sees robust growth in ‘foreseeable future’ (cnbc)
  16. Fed funds futures traders pull back on likelihood of Fed rate hike by December and January (marketwatch)
  17. China Liquidated The Most US Securities In Four Years To Prop Up Plunging Yuan (zerohedge)
  18. World’s Largest Chipmaker Sees ‘Bottom’ After Semiconductor Downturn (zerohedge)
  19. Amex calls out ‘strong’ spending and credit trends as earnings beat estimates (marketwatch)
  20. Charlie Munger Says This Investment is Getting ‘More Hype Than It Deserves’ — He’s Not A Fan, But It’s A Huge Part Of Berkshire Hathaway’s $350 Billion Portfolio (yahoo)
  21. Venezuelan sovereign bonds soar 90% as US allows the return of American investors (businessinsider)
  22. The decline in China’s US Treasury holdings isn’t as big as it seems (businessinsider)

Be in the know. 16 key reads for Thursday…

  1. 20-Year Treasury Auction Shows Strong Demand. Bond Buyers See Opportunity. (barrons)
  2. Fed Faces a Big Call on Rates. Powell Will Offer Some Clues. (barrons)
  3. Playing It Safe With Stocks Cost You $5.9 Million In Just 10 Years (investors)
  4. Kellogg’s Battered Stock Offers a Cheap Play on the Cereal Business. It Could Yield 6%. (barrons)
  5. Ford Sterling Axle lays off 150 more workers as parts not needed for plants on UAW strike (dfp)
  6. Beige Book sees ‘slightly weaker’ U.S. economy — and easing inflation (marketwatch)
  7. Household Wealth Has Taken Off, Fed Data Show. That Explains a Lot. (barrons)
  8. China dumps most U.S. securities in 4 years, perhaps to defend a weakening yuan (marketwatch)
  9. Stanley Druckenmiller said central banks, not earnings, move markets. Today is the day to pay attention. (marketwatch)
  10. Pfizer Prices Covid Drug Paxlovid at $1,400 for a Five-Day Course (wsj)
  11. Disney Sheds New Light on ESPN’s Financial Challenges (wsj)
  12. Wall Street’s Latest Obsession Is an Unknowable Number (wsj)
  13. Obesity Isn’t a Rubber Stamp for a Weight-Loss Drug Prescription (wsj)
  14. The Trusted 60-40 Investing Strategy Just Had Its Worst Year in Generations (wsj)
  15. Fed’s Powell to take the stage amid a suddenly choppy landscape (reuters)
  16. JPMorgan Says 60/40 Portfolio Far From Dead, Set to Trounce Cash (bloomberg)

Be in the know. 17 key reads for Wednesday…

  1. Baxter and 5 More Medical Device Stocks Primed for a Comeback (barrons)
  2. China’s Growth Beats Forecasts as Consumer Spending Improves (bloomberg)
  3. Intel CEO Says U.S. Is Winning AI Race Over China, and a Tech Boom Is Coming (barrons)
  4. Athleisure Is Bigger Than Ever. Here’s How to Play It. (barrons)
  5. S. Bancorp Posts Solid Earnings (barrons)
  6. ‘The high for equities is not in,’ says technical strategist who unpacks the stocks to buy now. (marketwatch)
  7. China’s 3Q GDP Grows 4.9% Y/Y, Beating Forecasts (bloomberg)
  8. Chinese chip equipment makers grab market share as US tightens curbs (reuters)
  9. Apple’s Tim Cook visits supplier Luxshare’s factory ahead of Vision Pro launch (scmp)
  10. 1 Warren Buffett Stock Down 90% to Buy Now and Hold Forever (fool)
  11. Maria Bartiromo celebrates 30 years on the air (foxbusiness)
  12. Antiparos, an upscale antidote to overcrowded Greek islands (ft)
  13. P&G tops earnings and sales estimates after hiking prices (yahoo)
  14. Spirit AeroSystems stock surges after production support agreement with Boeing in wake of quality issues with the 737 Max (marketwatch)
  15. Bonds look ‘cheap’ to top JPMorgan strategist getting defensive amid Israel-Hamas war (marketwatch)
  16. ‘Bond math’ shows traders bold enough to bet on Treasurys could reap dazzling returns with little risk (marketwatch)
  17. Roblox tells employees they have to come to office three days a week or take severance package (cnbc)

Be in the know. 22 key reads for Tuesday…

  1. China state firms plan US$547 million stock purchases to shore up market (scmp)
  2. The worst may be over for China, says former FTSE chief (cnbc)
  3. Disney Is 100 Now. How Magical Has the Stock’s Performance Been? (barrons)
  4. Ozempic Fears Hammered DexCom Stock. The Concerns Are Overblown. (barrons)
  5. Retail sales rise on strong car sales and internet buying, U.S. economy not slowing much (marketwatch)
  6. Pfizer Looks for a Covid Bottom (wsj)
  7. Apple’s Tim Cook makes second China visit in 2023 amid tough iPhone 15 market (scmp)
  8. Vornado reels in Blue Ribbon for Penn 1 mega-project in former dining wasteland (nypost)
  9. Buybacks Become Too Big to Ignore (chinalastnight)
  10. Lockheed Martin beats on top and bottom lines (cnbc)
  11. S&P 500 Annual Buybacks (isabelnet)
  12. Lee: Markets are dealing with a lot of uncertainty from rates to earnings and geopolitics (cnbc)
  13. US Stocks Are Ripe for Earnings-Led Rally as Rates Angst Settles (bloomberg)
  14. Johnson & Johnson (JNJ) gains on another beat and raise quarter (streetinsider)
  15. Americans are spending more than expected as inflation continues to rise (foxbusiness)
  16. Ford chairman calls for deal to end UAW strike, warns US auto industry at stake (foxbusiness)
  17. Kellogg’s Battered Stock Offers Cheap Play on Cereal Business; Could Yield 6% (barrons)
  18. Invest in millennials and these ‘once-in-a-lifetime opportunity’ stocks, says this fund manager (marketwatch)
  19. Snap Buoyed by Report of CEO’s Bullish Note to Staff (barrons)
  20. Rolls-Royce Reaches for the Private Equity Playbook (bloomberg)
  21. AI Could Spur an Economic Boom. Humans Are in the Way (wsj)
  22. The $1.5 Trillion Private-Credit Market Faces Challenges (wsj)

Be in the know. 16 key reads for Monday…

  1. Bank of America Is the Problem Child of Big Banks. Here’s How It Can Right the Ship. (barrons)
  2. PBOC Offers Most Cash Support Since 2020 as Debt Sales Surge (bloomberg)
  3. Here’s What’s In GM’s New Labor Deal With Unifor (barrons)
  4. Step Aside, Banks. Tesla and Netflix Earnings Are the Real Tests. (barrons)
  5. Tech Earnings Kick Off This Week With Netflix. AI Is Now a Risk. (barrons)
  6. What Budget Crisis? The U.S. Will Borrow Even More as Global Tensions Grow. (barrons)
  7. Big Tech’s Profit Machine Is Propping Up S&P 500 Earnings (bloomberg)
  8. Your Guide to Understanding the Roots of the Israel-Hamas War (bloomberg)
  9. About 2,500 additional UAW workers have been laid off because of disruptions to the production system caused by the strike. (barrons)
  10. I went to Disney World without my kids and 10/10 recommend (USA Today)
  11. UAW Strikes: How does autoworker union pay compare to other hourly jobs? (usatoday)
  12. Charlie Munger is a fraction as wealthy as Warren Buffett. He’d be worth over $10 billion if he kept all of his Berkshire Hathaway stock. (businessinsider)
  13. Warren Buffett’s deputy spoke about his ‘tiger mom,’ taking risks, and having a short seller’s eye. Here are Todd Combs’ 8 best quotes from a new interview. (businessinsider)
  14. Ford To Lay Off Another 550 Workers After UAW’s ‘Surprise Move’ Hits Kentucky Truck Plant (zerohedge)
  15. Activist Starboard has a ‘sizeable’ stake in News Corp (NWSA) – reports (streetinsider)
  16. Stockpickers hold out hope that the tide is turning in their favour (ft)

Be in the know. 17 key reads for Sunday…

  1. The case for a sterling squeeze (ft)
  2. CPI ex shelter is 2.0% (scottgrannis)
  3. Inside Paypal’s Billion Dollar Battle For Payment Processing Dominance (forbes)
  4. Netflix makes a strange new move to grow its business (thestreet)
  5. Will Treasury Bonds Crisis Turn Into Opportunity This Month? Bond Bulls Praying Support Holds! (kimblechartingsolutions)
  6. Carl Icahn Bet on the ‘Big Short 2.0.’ Now He Says the Game Was Rigged. (wsj)
  7. Why Americans Are Obsessed With These Ugly Sandals (wsj)
  8. UAW Spares Carmakers Further Strikes, but Says More Could Come (wsj)
  9. 2023 Chevrolet Camaro: A Muscle Car’s Final Bow (wsj)
  10. How Phil Knight, Charles Koch And Other Aging Billionaires Are Making Sure Their Money Doesn’t Go To Uncle Sam (forbes)
  11. Thinking of Buying a Home in Portugal? The Government Just Made It More Expensive (robbreport)
  12. First Drive: The Lamborghini Revuelto Hybrid Has Come a Long Way From the Prius (mensjournal)
  13. Alibaba to bet big on small merchants for Singles Day with RMB 2 billion subsidies (technode)
  14. Why the price of Coke didn’t change for 70 years (classic) (npr)
  15. Movie Theaters Are Figuring Out a Way to Bring People Back (slate)
  16. Portugal Just Had Its First Royal Wedding in Over 25 Years (townandcountrymag)
  17. It’s official: the Ferrari Daytona SP3 looks even better in real life! (classicdriver)

Be in the know. 10 key reads for Saturday…

  1. Long U.S. dollar now seen as the most crowded trade, but bodes ill for the greenback (marketwatch)
  2. 10-, 30-year yields have biggest weekly drops in months as investors flock to safety on Middle East tensions (marketwatch)
  3. Small-cap index books historic second ‘death cross’ in a year. Is a turnaround coming? (marketwatch)
  4. What to make of the UAW’s shifting strike tactics after the latest escalation (cnbc)
  5. “It’s pretty apparent that Disney’s popularity just continues to soar and ticket prices continue to rise. So the park will only continue to become more expensive and more crowded.” (nypost)
  6. Central banks still need to justify the case for ‘higher for longer’ rates (ft)
  7. AI is getting ‘more hype than it deserves,’ Warren Buffett’s right-hand man Charlie Munger says (fortune)
  8. Why stocks could be primed for a Santa Claus rally as resurgent earnings and falling rents push inflation down (businessinsider)
  9. Carmakers Say They Can’t Afford UAW Demands, While Paying CEOs $1 Billion (bloomberg)
  10. Citigroup’s Profit Tops Estimates. Tough Choices Are Paying Off. (barrons)