Category: What I’m Reading Today

Be in the know. 15 key reads for Wednesday…

  1. Panic Creeps Up as VIX Curves Invert for First Time Since March (bloomberg)
  2. CCTV reported that, for the Golden Week holiday (Mid-Autumn Festival), “There were a total of 395 million domestic tourism trips taken, a year-over-year increase of 75.8%, and domestic tourism revenue was 342.24 billion yuan, a year-over-year increase of 125.3%.” (chinalastnight)
  3. Ford, GM Lay Off More Factory Workers Amid UAW Strike. (barrons)
  4. Nvidia and Intel Are Bright Spots in a Soft Chip Market, Analyst Says (barrons)
  5. Amazon Stock Is Under Pressure. Why Two Analysts Think You Should Be a Buyer. (barrons)
  6. 3 Reasons U.S. Treasury Yields Are Rising (barrons)
  7. Why Rising Interest Rates Hurt Bank Stocks Instead of Helping Them (barrons)
  8. Intel to Make Former Altera Into Standalone Business, Seek IPO (bloomberg)
  9. Americans Are Still Spending Like There’s No Tomorrow (wsj)
  10. Real Estate Investors Say Portugal Needs More Homes, Not Fewer Tax Breaks for Foreigners (bloomberg)
  11. Auto companies could sacrifice stock buybacks to help pay for union demands, analyst says (businessinsider)
  12. CHART OF THE DAY: China may be the source of surging US bond yields as Beijing dumps Treasurys (businessinsider)
  13. Medicare drug price negotiations move forward with all drugmakers participating, White House says (marketwatch)
  14. 5 Damaged Dow Jones Industrial Dividend Leaders Have Huge 2024 Comeback Potential (24/7 Wall Street)
  15. China Evergrande shares soar on speculative bets that ‘worst is over’ (scmp)

Be in the know. 8 key reads for Tuesday…

  1. UAW Deal With Mack Trucks Is Good News and Bad News (barrons)
  2. Should You be Spooked About the Market’s Performance in October? This Expert Says No. (barrons)
  3. Boeing Stock Was Awful in September. The Case for Staying Invested. (barrons)
  4. A Rough September Is Finally Over. Now Is the Time to Buy Stocks. (barrons)
  5. Boeing Stock Was Awful in September. The Case for Staying Invested. (barrons)
  6. Why the Weight-Loss Drug Hype Looks Overdone (barrons)
  7. mRNA Proved Magic in Covid Vaccines. What Else Can It Do? (bloomberg)
  8. ‘We are not in the business of ice cream’: Big Oil CEOs defend themselves against climate criticism (cnbc)

Be in the know. 10 key reads for Monday…

  1. Goldman Sees Earnings-Led Rally in Big Tech Stocks After Rout (bloomberg)
  2. Beijing may cut rates and bank reserve requirements again: BE (bloomberg)
  3. Gary Cohn Says Fed Should Be Done Raising Rates (bloomberg)
  4. The stuffiest country club stories we’ve ever heard (golfdigest)
  5. October’s First Trading Day Prone to Volatility, But S&P 500 Up 8 of Last 11 (almanactrader)
  6. Congress Averts Shutdown in Surprise Breakthrough (wsj)
  7. First Drive: Ferrari’s Soft-Top Roma Spider Is an Agile Brute Beneath Those Elegant Lines (robbreport)
  8. China Home Sales Saw Mild Recovery in September Amid Policy Push (bloomberg)
  9. CIA official says China ‘growing every which way’ on artificial intelligence (foxbusiness)
  10. CRISPR’s next advance is bigger than you think (ted)

Be in the know. 12 key reads for Sunday…

  1. Citigroup CEO Jane Fraser on layoffs, major overhaul: ‘Don’t have room for bystanders’ (nypost)
  2. House Passes Bill to Avert Government Shutdown, Sends to Senate (bloomberg)
  3. Huawei Takes Revenge as China Catches Up on Semiconductors (bloomberg)
  4. Portugal Upgraded to A- by Fitch on Declining Debt Ratio (bloomberg)
  5. What Worries UAW’s Striking Workers, in Their Own Words (bloomberg)
  6. The Fed is throwing ‘kerosene on the fire’ and needs to end rate hikes as inflation is probably already at 2%, billionaire real estate mogul Barry Sternlicht says (businessinsider)
  7. Apple Says Software, Apps Behind iPhone Overheating; Fix Coming (bloomberg)
  8. How Elon Musk’s Starlink Sparked a New Kind of Space Race (bloomberg)
  9. Atari 2600+ sees its future in retro gaming (cnbc)
  10. Shane Parrish on Wisdom from Warren Buffett, Rules for Better Thinking, How to Reduce Blind Spots, The Dangers of Mental Models, and More (#695) (tim)
  11. 10 Undervalued Wide-Moat Stocks (morningstar)
  12. The Big Read. What Lina Khan’s antitrust case could mean for Amazon (ft)

Be in the know. 10 key reads for Saturday…

  1. China’s economy stabilises, factory activity returns to expansion (reuters)
  2. How a government shutdown could complicate Fed’s fight against inflation (marketwatch)
  3. Disney+ password-sharing crackdown reportedly coming soon (foxbusiness) 
  4. Intel’s stock scores its hottest quarterly winning streak since 2010 (marketwatch) 
  5. Yellen warns government shutdown would be ‘dangerous and unnecessary’ (foxbusiness) 
  6. Investors are pouring money back into global stocks following biggest outflow of the year (marketwatch) 
  7. September Is Over. It’s Time to Buy Stocks. (barrons) 
  8. ‘This Is Not a Covid Vaccine Company,’ Moderna CEO Says (barrons) 
  9. Dollar Tree Insider Bought the Beaten-Down Stock (barrons) 
  10. ASTON MARTIN UNVEILS F1-INSPIRED VALHALLA HYPERCAR (maxim) 

Be in the know. 20 key reads for Friday…

  1. China’s Economy Improves in September, Satellite Data Show (bloomberg)
  2. Alibaba, NIO, XPeng Climb. Chinese Businesses Get a Regulatory Boost. (barrons)
  3. Automakers grow frustrated over pace of UAW negotiations as new strike deadline looms (cnbc)
  4. China Looks to Relax Data Rules to Allay Business Fears (bloomberg)
  5. Intel hails ‘landmark’ as high-volume EUV production begins at Irish plant (yahoofinance)
  6. 10-year Treasury yield falls from 15-year high after Fed’s preferred inflation gauge eases (cnbc)
  7. US Core PCE Prices Post Smallest Monthly Rise Since Late 2020 (bloomberg)
  8. Bank Stocks See Big Insider Buys (barrons)
  9. Bonds Remain Oversold After Fastest Yield Rise On Record (zerohedge)
  10. ‘I see more fear than anytime in my business career,’ says BlackRock’s Larry Fink (marketwatch)
  11. House Passes Some Late-Night Bills. Shutdown Still Looking Likely. (barrons)
  12. Buy This Defense Stock. It’s Cheap, and a Shutdown Won’t Hurt It for Long. (barrons)
  13. Nike Sees ‘Very Strong’ Demand in Year Ahead. The Stock Rallies.(barrons)
  14. Nvidia and Other Chip Stocks Had a Terrible September. Wall Street Remains Upbeat. (barrons)
  15. Where Did All the Dark-Suited Japanese Businessmen Go? (nytimes)
  16. Europe’s Richest Royal Family Builds $300 Billion Finance Empire (bloomberg)
  17. Forget the sell-off – Tech stocks have a ‘springboard for growth’ into 2024 that Wall Street has underestimated (businessinsider)
  18. Here Is What Stops, And What Doesn’t, When The Government Shuts Down This Weekend (zerohedge)
  19. Eurozone inflation hits two-year low (ft)
  20. S&P 500 Quarterly Returns (carson)

Be in the know. 23 key reads for Thursday…

  1. U.S. new-car sales seen rising more than 13% in September (marketwatch)
  2. China Industrial Profits Jump Sharply as Economy Stabilizes (bloomberg)
  3. If China Is So Weak, Why Are Commodities So Strong? (zerohedge)
  4. Here’s How Long a Government Shutdown Could Last (barrons)
  5. More UAW Strikes Could Be Coming. (barrons)
  6. Ford’s Factory Halt Is a Loss for Auto Workers and Consumers. Here’s Why. (barrons)
  7. The ‘Yield Curve’ Is Improving. These Types of Stocks Should Benefit. (barrons)
  8. JetBlue Issues Revenue Warning. It’s Not That Bad. (barrons)
  9. Fear on Wall Street? Shake it off, advise these strategists. (marketwatch)
  10. How Long Was the Longest Government Shutdown? It Depends Who You Ask. (barron’s)
  11. ‘We are in a bit of a vacuum that is scaring people,’ says Morgan Stanley portfolio manager of Treasury market selloff (marketwatch)
  12. U.S. economy grew 2.1% in the second-quarter, GDP shows (marketwatch)
  13. China Has Second Thoughts About Controlling Prices in Its Multi Trillion-Dollar Housing Market (wsj)
  14. What happens to the stock market if the government shuts down? The dollars and cents of it (usatoday)
  15. UAW’s Real Enemy Is Forced EV Conversion (zerohedge)
  16. Beaten down US solar sector may be primed for a rebound: Maguire (reuters)
  17. Alibaba’s Taobao and Tmall chief Dai steps away from roles at subsidiaries to focus on core e-commerce business: reports (scmp)
  18. China Names Lan Fo’an as Party Chief of Finance Ministry (bloomberg)
  19. The sentiment around Nike has gotten way too negative, says Oppenheimer’s Brian Nagel (cnbc)
  20. Detrick: Small cap stocks could lead a fourth quarter rally (cnbc)
  21. How Much Savings Do Americans Have Left, Anyway? (wsj)
  22. Who Is Detained Evergrande Founder Hui Ka Yan? His Rise and Fall Explained (bloomberg)
  23. US Consumer Spending Rose at Weakest Pace in a Year Last Quarter (bloomberg)

Be in the know. 18 key reads for Wednesday…

  1. China Assets Are ‘Ridiculously Cheap,’ Alberta Fund CEO Says (bloomberg)
  2. Banks Have Problems but Their Stocks Are Cheap. Here Are 5 Worth a Look. (barrons)
  3. China will just about meet its economic growth target of around 5% for this year, the latest Bloomberg survey shows (bloomberg)
  4. The Bull Case for the Stock Market Hinges on This Level for the S&P 500 (barrons)
  5. Amazon Prepares for FTC Fight. A Breakup Might Not Be the Worst Outcome. (barrons)
  6. For This Pro, China’s Slowdown Won’t Hold Back These Luxury Stocks (barrons)
  7. China Has Second Thoughts About Controlling Prices in Its Massive Housing Market (wsj)
  8. Europe’s Secret Weapon at the Ryder Cup Is a Data Geek Called Dodo (wsj)
  9. IPO Optimism Grows, Fueling Hope for Global Recovery (bloomberg)
  10. Amgen Could Get a Piece of the Obesity Market (wsj)
  11. China Starts Local Government Debt Swap Program (bloomberg)
  12. Musk Warns Biden-Backed 40% UAW Pay-Hike Risks Big 3 Bankruptcy (Again) (zerohedge)
  13. Nike (NKE) upgraded at CFRA as pullback makes shares more attractive (streetinsider)
  14. Rob Arnott sees ‘just near perfect environment for value’ stocks (streetinsider)
  15. Don’t write off Hong Kong and mainland China despite headwinds, analysts say (scmp)
  16. FTC’s Amazon antitrust lawsuit faces high bar in US court -experts (reuters)
  17. China Growth Target Hangs in Balance (bloomberg)
  18. Emerging markets are ‘big-time on sale’, says NFJ Investment’s John Mowrey (cnbc)

Be in the know. 20 key reads for Tuesday…

  1. Alibaba’s Cainiao Files for $1 Billion-Plus Hong Kong IPO (bloomberg)
  2. China’s economic situation isn’t as dire as it seems, and policymakers in Beijing were just expecting too much, economist says (businessinsider)
  3. This Is the ‘Perfect’ Time to Buy Value Stocks on Sticky Inflation, Rob Arnott Says (yahoo)
  4. Biden Heads to Strike. Can He Square Inflation and Unions? (barrons)
  5. Why Ford Struck a Deal (barrons)
  6. A Government Shutdown Is Close. What’s at Stake. (barrons)
  7. Hedge funds are boosting bets against U.S. stocks as selloff continues, Goldman Sachs says (marketwatch)
  8. 11 Beaten-Up Growth Stocks That Look Like Buys—and Aren’t Big Tech (barrons)
  9. Wall Street analysts expect the S&P 500 to rise 19% over the next 12 months. Here are their 10 favorite stocks. (marketwatch)
  10. Moody’s warns gov’t shutdown bad for USA’s credit — one month after Fitch downgrade (nypost)
  11. The Secret Ingredient of ChatGPT Is Human Advice (nytimes)
  12. Bond Traders Stung by Fed See US Shutdown as Next Big Wild Card (bloomberg)
  13. Hedge Funds Cut Stock Leverage at Fastest Pace Since 2020 Crash (bloomberg)
  14. Goldman Sachs: Buy these 22 stocks that will continue to outperform (businessinsider)
  15. Short Positions Pile Up in Nasdaq Futures, Citi Strategists Say (bloomberg)
  16. Government shutdown fears rattle US stocks, but history shows upside (streetinsider)
  17. The elusive Fed ‘soft landing’ nears. Why are Americans so mad about the economy? (reuters)
  18. Charlie Munger Emphasizes Self-Awareness And Strategy: ‘I Don’t Play In A Game Where The Other People Are Wise And I’m Stupid. I Look For A Place Where I’m Wise And They’re Stupid’ (yahoo)
  19. The Big Read. The debt-fuelled bet on US Treasuries that’s scaring regulators (ft)
  20. Economic & Diplomatic Progress Goes Unnoticed By Foreign Investors (chinalastnight)