Category: What I’m Reading Today

Be in the know. 10 key reads for Monday…

  1. Here’s what Wall Street’s most bullish analyst heading into the year thinks of the stock market now (marketwatch)
  2. This Bull Market Is Just Getting Started, Traders Bet (wsj)
  3. China Smartphone Shipments Back to Double-Digit Growth in May (bloomberg)
  4. James Montier Explains Why Corporate Profits Keep Going Up (bloomberg)
  5. Apple Has Finally Unveiled the Vision Pro. Here’s What It’s Launching Next (bloomberg)
  6. Where Stock Market Is Headed After Wild First Half: Five Charts (bloomberg)
  7. Red Sox owners buy Boston team in Tiger Woods and Rory McIlroy’s golf league (cnbc)
  8. Forget about a housing market crash, Harvard researchers say. Here are the 4 reasons they say a repeat of the mid-2000s drop in home prices is unlikely. (businessinsider)
  9. ‘Bond King’ Jeffrey Gundlach rings the alarm on US debt – and warns higher interest rates are making it more of a burden (businessinsider)
  10. PGA Tour rushes to contain fallout from golf tie-up with Saudi sovereign wealth fund (ft)

Be in the know. 15 key reads for Sunday…

  1. Why Economies Haven’t Slowed More Since Central Banks Hit Brakes (wsj)
  2. The Ultra-Secret Underwater Spy System That Might Have Heard the Titan Implode (wsj)
  3. Pill Versions of Ozempic-Like Drugs Are Coming (wsj)
  4. Junk-Bond Sales Are Up as Firms Submit to Tougher Terms (wsj)
  5. Truce staves off fears of civil war, but insurrection remains gravest threat yet to Putin’s rule (wsj)
  6. Mastering Your Mental Images Can Make Your Day (wsj)
  7. Prigozhin ‘Exiled’ To Belarus In Exchange For Peace, Criminal Charges Dropped: What Was This All About? (zerohedge)
  8. Elon Musk Gives a Blunt Piece of Advice to Vladimir Putin (thestreet)
  9. Small Caps Have Lagged; Here Are 10 Morningstar Picks With Potential (thestreet)
  10. Citi will hold employees ‘accountable’ for office attendance (reuters)
  11. 10 Beaten Down Stocks Billionaires Are Loading Up On (insidermonkey)
  12. The 11 Best Steakhouses in the World, According to Michelin (robbreport)
  13. Senior TSMC execs to meet with Alibaba, Biren, and other key China customers (technode)
  14. Expect Changes in Russia As Response to Wagner Rebellion (cfr)
  15. Steve Eisman Talks Banks, AI and His Next Big Bet (bloomberg)

Be in the know. 15 key reads for Saturday…

  1. Boston Beer’s Twisted Tea Could Be a Summer Hit. Belly Up to the Stock Again. (barrons)
  2. Small stocks are cheap and finally joining the market rally (cnn)
  3. Larry Ellison Sells Oracle Stock for the First Time in 2 Years (barrons)
  4. 3M Shares Jump on Water Providers Settlement (barrons)
  5. Apollo CEO Marc Rowan Defends Athene, Says Its Insurance Business Is ‘Poorly Understood’ (barrons)
  6. Take It to the Bank: Why There Won’t Be Recession in 2023 (barrons)
  7. Madrigal Pharmaceuticals and Bioventus Stock See Action From Activist Investors (barrons)
  8. Caesars Entertainment CEO Tom Reeg Scooped Up Stock (barrons)
  9. The Age of Oil Will Endure. These Drilling Stocks Could Be Gushers. (barrons)
  10. The Big Read. How India is slowly moving into the American orbit (ft)
  11. Goldman Sees Emerging Stocks Eclipsing US Market in Size by 2030 (bloomberg)
  12. The stock market is presenting investors with another ‘buy the dip’ opportunity as sidelined cash piles up and the economy continues to expand, Fundstrat says (businessinsider)
  13. Short sellers are betting more than $1 trillion against US stocks after big run (businessinsider)
  14. Citadel’s Ken Griffin optimistic on growth in China (ft)
  15. Billionaire investor Ron Baron: Growth will accelerate above 7% over the next 50 years (cnbc)

Be in the know. 12 key reads for Friday…

  1. 3M Shares Jump on Water Providers Settlement (barrons)
  2. SoftBank CEO had a crisis of confidence that left him in tears for days: ‘I felt a real emptiness’ (nypost)
  3. Biden Plays Down Dictator Remark After China Reprimands U.S. Ambassador (wsj)
  4. Ford Venture Gets Record $9.2 Billion Government Loan for EV Batteries (wsj)
  5. Intel Digs Deep Inside to Make Foundry Push Work (wsj)
  6. Biden says his ‘dictator’ comment on Xi has no ‘real consequence’ on China ties (cnbc)
  7. Fed Emergency Bank Bailout Facility Usage Hits New Record High; Money Market Funds See Another Small Outflow (zerohedge)
  8. Unleashing ‘The Walrus’: Musk-Zuckerberg Agree To ‘Cage Match In Vegas Octagon’ (zerohedge)
  9. 3M gains after reaching $10.3B settlement in PFAS water suits; seen as a positive development (streetinsider)
  10. Biopharma M&A Finally Seems To Be Waking Up (II)
  11. Eddie Wu prepares to run Alibaba empire built with mentor Jack Ma (ft)
  12. US recession risk is diminishing, US treasury secretary says (scmp)

Be in the know. 15 key reads for Thursday…

  1. Rolls-Royce and 4 Other Picks From a Top International Value Investor (barrons)
  2. Insiders Snap Up Stock in Auto-Parts Retailers (barrons)
  3. How Nike Shows the Next Big Risk for the Stock Market (barrons)
  4. More News Is Coming on Lilly, Novo Nordisk’s New Weight-Loss Drugs (barrons)
  5. This Bud’s for investors. Buy the stock even if Bud Light sales never recover, says analyst. (marketwatch)
  6. Goolsbee says Fed has to ‘do more sniffing’ on inflation before raising rates again (marketwatch)
  7. Fed should leave interest rates unchanged for the rest of the year, Bostic says (marketwatch)
  8. Intel Stock Drops Despite Plan for Cost Savings. This Is Why. (barrons)
  9. Biden Calls Xi a Dictator, Jeopardizing U.S.-China Thaw (wsj)
  10. Here Are the Key Takeaways From Powell’s Testimony Before US House (bloomberg)
  11. Olive Garden parent earnings beat estimates, fueled by strong LongHorn Steakhouse sales (cnbc)
  12. Mark Zuckerberg accepts challenge to cage fight with Elon Musk (foxbusiness)
  13. 3 reasons why the stock market could hit a record high by the end of the year (businessinsider)
  14. China approves 89 new video games in June, keeping a steady pace for the year (scmp)
  15. EVs Rise on Policy Support As Investors Yearn For More (chinalastnight)

Be in the know. 19 key reads for Wednesday…

  1. China Stimulus Calls Mount From State Media, Top Advisers (bloomberg)
  2. Alibaba founders Jack Ma, Joe Tsai appear in Hangzhou in show of confidence amid corporate reshuffling
  3. Powell Heads to the Hill. Cue Tough Talk. (barrons)
  4. Jack Ma Ally Joe Tsai to Take Helm of Alibaba (wsj)
  5. 15 Biotech Stocks Wall Street Analysts Say Are Too Cheap (barrons)
  6. Amazon’s Stock Price Target Is Lifted on Expected AI-Driven Gains (barrons)
  7. 3M’s Dividend Dilemma (barrons)
  8. SoftBank’s Masayoshi Son Had His Cry. Now He’s in Love Again—With ChatGPT. (wsj)
  9. One-Percenters Keep Shopping at the Dollar Store (wsj)
  10. China Cuts Borrowing Rates Again in Bid to Juice Recovery (wsj)
  11. Fed’s Powell Says Interest-Rate Pause Is Expected to Be Temporary (wsj)
  12. KKR’s McVey Says Investors Too Cautious, Sees Stronger US Growth (bloomberg)
  13. BofA client data shows biggest equity inflows since October (streetinsider)
  14. China unveils $72 bln tax break for EVs, other green cars to spur demand (reuters)
  15. Intel to sell 20% stake in Austrian chip company (yahoo)
  16. Bill Gates’ venture firm, with backing from Jeff Bezos and Jack Ma, just minted a $1 billion A.I. unicorn that uses machine learning for mining rare earth metals crucial for EVs (yahoo)
  17. China furious after Biden calls Xi a ‘dictator’ (ft)
  18. The bull run in emerging market currencies can extend (ft)
  19. Taobao ‘618’ Livestream Viewers Scale Up 43% (aastocks)

Be in the know. 28 key reads for Tuesday…

  1. Jack Ma reportedly proposed a restructure at Alibaba, and it has echoes of what’s been happening at Meta (businessinsider)
  2. Alibaba founder Jack Ma’s close confidants have taken the top roles at the giant (cnbc)
  3. Jack Ma Ally to Take Helm of Alibaba (wsj)
  4. PayPal Expects Additional $1 Billion in Stock BuyBacks Following BNPL Deal (barrons)
  5. Alibaba Names Tsai Chairman, Wu CEO (bloomberg)
  6. Shocking Housing Starts Data: Economists Blown Away By 11-Sigma Beat After Biggest Monthly Surge On Record (zerohedge)
  7. China cuts benchmark lending rates as policy easing picks up (ft)
  8. Drugmakers aim to strike down Medicare drug-price negotiations at Supreme Court (cnbc)
  9. Saudi wealth fund launches new firm to attract pharma investors (pionline)
  10. China Rate Cut Disappoints (barrons)
  11. Eli Lilly to Buy Dice Therapeutics in $2.4 Billion Autoimmune Disease Push (barrons)
  12. The Schork Report founder and editor Stephen Schork and Great Hill Capital Chairman Thomas Hayes discuss how China is affecting oil inventories in North America on ‘The Claman Countdown.’ (foxbusiness)
  13. The consumer-led recession you’re worried about already ended months ago, the stock market says (marketwatch)
  14. Xi Jinping Meets Antony Blinken as U.S., China Resume High-Level Engagement (wsj)
  15. Stock-Market Rally Costs Bears $120 Billion (wsj)
  16. Daniel Wu Turned His ‘Cute Little Car’ Into a Showstopper (wsj)
  17. Jack Ma’s Lieutenants Return to Oversee Tough Alibaba Reboot (bloomberg)
  18. Alibaba’s Surprise Shakeup of Chairman, CEO Shows Drive to Revive Growth (bloomberg)
  19. Hedging Failure Exposes Private Equity to Interest-Rate Surge (bloomberg)
  20. Workers Resisting the Office Grind Are Suddenly Lonely at Home (bloomberg)
  21. Working From Home Becomes a Once-a-Week Perk for Some Office Goers (bloomberg)
  22. Work Shift: Why We Go to the Office Now (bloomberg)
  23. Zhang explained that the cloud business is “now full speed ahead on its spin-off plans and we are approaching a crucial stage of the process,” and that is why he is stepping down as group CEO. (cnbc)
  24. Futures fall as hawkish Fed, smaller China rate cut dent sentiment (streetinsider)
  25. KKR to buy nearly $44 bln of PayPal’s buy now, pay later loans in Europe (reuters)
  26. Intel to build $33-billion chip plant in Germany after government pledges to cover 1/3rd of cost (yahoo)
  27. Xi sees ‘progress’ in China-US ties at meeting with Blinken (ft)
  28. Jack Ma urges Alibaba to ‘go back to Taobao’ (scmp)

Be in the know. 10 key reads for Monday…

  1. u.S.-China pledge to stabilize deteriorating ties, resume high-level talks after Blinken visit (marketwatch)
  2. Xi, Blinken agree to stabilize US-China relations in Beijing talks (reuters)
  3. Alibaba and more: Morgan Stanley names 5 global stocks with at least 50% upside (cnbc)
  4. Intel Makes $25 Billion Israel Push As U.S.-China Chips War Intensifies (barrons)
  5. Down 15 per cent on Chinese stocks, William Blair fund manager calls a 20 per cent rally in post-stimulus re-rating (scmp)
  6. Jack Ma Reportedly Propounds Taotian Group to Return to Taobao in Future (aastocks)
  7. China Approves First Share Sale by Developer Since Ban Lifted (bloomberg)
  8. How Softbank’s Sale Increased Alibaba’s Market Cap (chinalastnight)
  9. Eli Lilly’s (LLY) migraine drug Emgality fails to meet primary endpoint in trial (streetinsider)
  10. US, China Upbeat on Ties After Blinken Visit But Few Specifics (bloomberg)
  11. Xi Tells Blinken ‘Very Good’ That Progress Made (bloomberg)
  12. Delayed Stimulus Feeds Worries Over China’s Economy (bloomberg)
  13. China and US Hit Pause on Tensions — For Now: Balance of Power (bloomberg)
  14. US Homebuilder Sentiment Increases to an Almost One-Year High (bloomberg)
  15. Josh Younger on the Surprising Origins of Eurodollars and Petrodollars (bloomberg)

Be in the know. 14 key reads for Father’s Day…

  1. Alibaba Co-Founder Jack Ma Appears at Company Event in Hangzhou (bloomberg)
  2. Inflation is under control (scottgrannis)
  3. Jump-Starting U.S.-China Diplomacy (cfr)
  4. 2023 U.S. Open Highlights: Round 3, Early (usga)
  5. Brain Waves Synchronize when People Interact (scientificamerican)
  6. The CEO of Kroger Mentioned ‘AI’ 8 Times on the Company’s Earnings Call (bloomberg)
  7. Billions Is Set to End After Seven Seasons (gq)
  8. Hong Kong’s $1.9 Trillion Stocks Await Boost From Yuan Trading (bloomberg)
  9. Blinken Lands in China on Delayed Mission to Stabilize Ties (bloomberg)
  10. Behind Elon Musk’s Management Philosophy: First Principles (wsj)
  11. China’s Pivot on Stimulus Spurred by Fear That the Slowdown Could Get a Lot Worse (wsj)
  12. Opinion: Biotech stocks could soon get a M&A boost. Here are 3 likely takeover plays. (marketwatch)
  13. The valuable lesson Rickie Fowler learned on the range as a kid (golf)
  14. Ex-Google CEO Eric Schmidt wins Russian oligarch’s superyacht for $67.6M at auction (nypost)

Be in the know. 20 key reads for Saturday…

  1. Intel’s stock rocks best week in nearly 14 years as analyst notes a ‘material AI opportunity’ (marketwatch)
  2. Adidas Stock’s Comeback Plan: China, Messi, and No More Yeezy (barrons)
  3. Twitter to focus on video, commerce in major business revamp: report (nypost)
  4. Intel, Micron Spending Spree Shows Diplomacy Bearing Fruit (bloomberg)
  5. Chinese investors will be back once the country’s property and debt problems are resolved, Mark Mobius says (businessinsider)
  6. China plans big stimulus jolt and looser property rules as Beijing reaches for stronger measures to revive economy (businessinsider)
  7. The 10 Best Dividend Stocks (morningstar)
  8. Fed’s Goolsbee Likens Rate Pause to ‘Reconnaissance’ on Policy Impact (bloomberg)
  9. After Artificial Intelligence, Quantum Computing Could Be The Next Big Thing (investors)
  10. Micron To Invest $600MM In Chinese Factory Despite Beijing Chip Ban, Warns Half Of China HQ Customer Data Revenue At Risk (zerohedge)
  11. Solid Pre-Election June Gains As Expected (Almanac Trader)
  12. MARKET BREADTH CONTINUES TO IMPROVE — AIRLINES LEAD INDUSTRIAL SECTOR HIGHER (stockcharts)
  13. The 11 Best Steakhouses in the World, According to Michelin (robbreport)
  14. The 10 Best New Restaurants in America, Ranked (robbreport)
  15. The Best in Travel, From Six Senses’ New Swiss Resort to a Luxe Moroccan Hideaway (robbreport)
  16. The Best in Marine, From Jeff Bezos’s Epic Sailing Yacht to Hacker-Craft’s All-Electric Day Boat (robbreport)
  17. The Best in Automotive, From Ferrari’s Purosangue SUV to the Arch 1s Motorcycle (robbreport)
  18. 4-Day Weekend in the French Riviera: Rock Climbs, Cool Drives, and Underwater Art Trails (mensjournal)
  19. Celebrate Father’s Day With These Luxe International Getaways (maxim)
  20. Hedge Funds Turn Bearish on Oil Again After OPEC-Driven Pause (bloomberg)