Be in the know. 27 key reads for Wednesday…

  1. Johnson & Johnson to Settle Talc Claims for $8.9 Billion (barrons)
  2. The Economy May Be Weakening. Here’s What That Means for Interest Rate Hikes. (barrons)
  3. Google-Owner Alphabet Says Its Chips Can Beat Nvidia’s. What This Means for AI. (barrons)
  4. Companies See a Slowdown Ahead. This Figure Tells the Story. (barrons)
  5. How the Dollar’s Decline Could Add to Inflation Problems (barrons)
  6. Here’s what is really behind OPEC+ oil-production cuts, say energy analysts (marketwatch)
  7. Alibaba’s Split-Up Brings Back Cash Inflow Into China’s Bourses (finance.yahoo)
  8. Telecom Competition Is ‘Destructive.’ Why Comcast Is Rated as a Winner. (barrons)
  9. ADP data show private sector of U.S. economy adding a fewer-than-forecast 145,000 jobs in March (marketwatch)
  10. The commodity supercycle is still young, these strategists say. Here’s why. (marketwatch)
  11. Good Friday complicates how stock-market traders will digest March U.S. jobs report (marketwatch)
  12. U.S. Job Openings Dropped in February (wsj)
  13. Tech Shines, Cyclicals Lose as Traders Bet on Growth Shock (wsj)
  14. Jamie Dimon Says Effects of Banking Crisis Will Be Felt for ‘Years to Come’ (nytimes)
  15. UBS Chairman’s Top-Secret Prep Paid Off in Credit Suisse Moment (bloomberg)
  16. US 30-Year Mortgage Rate Falls to Seven-Week Low (bloomberg)
  17. You Can Go on the Ultimate James Bond Vacation for $74,000 (bloomberg)
  18. Stock Market Cassandras and Pollyannas Are Stuck in Limbo (bloomberg)
  19. How the market’s biggest companies manage their cash and investments (cnbc)
  20. Adani could deliver ‘multibagger’ returns, an investor who bet $2 billion on the troubled business empire says (businessinsider)
  21. Jimmy Buffett, LeBron James, Tom Ford, and Tiger Woods are all officially billionaires (businessinsider)
  22. BofA witnessed the biggest week of equity outflows since October (streetinsider)
  23. China, Malaysia to discuss Asian Monetary Fund to reduce dependence on US dollar (foxbusiness)
  24. China’s reopening expected to release pent-up demand for art after 2022 decline
  25. Fund Star Terry Smith Builds $1 Billion Fortune With Riches Held Offshore (bloomberg)
  26. How China Aims to Counter US ‘Containment’ Efforts in Tech (bloomberg)
  27. The US Warehouse Capital Boomed During the Pandemic. Now It’s Facing a Slowdown bloomberg)

Be in the know. 24 key reads for Tuesday…

  1. Intel Scores an Upgrade. Fundamentals May Have Bottomed, Analyst Says. (barrons)
  2. Benchmark bullish on Alibaba (BABA) stock, sees over 80% upside potential (streetinsider)
  3. GM’s first-quarter sales up 18% (marketwatch)
  4. Opinion: ‘The Fed’s problems should worry everyone.’ Powell’s dysfunctional Fed is losing respect at home and abroad. (marketwatch)
  5. Saudi First America Last. The Energy Report 04/04/2023 (Phil Flynn)
  6. Jamie Dimon Says Bank Crisis ‘Is Not Yet Over,’ JPMorgan Plans For The Future (investors)
  7. Bank Deposits Are Holding Steady. 3 Stocks Worth a Look. (barrons)
  8. Bank Borrowing From the Fed Falls Further, Signaling End to Bank Drama (barrons)
  9. Dollar weakness on Fed rate revisions pushes pound back above $1.25, euro near $1.10 (marketwatch)
  10. Milton Friedman’s School Choice Revolution (wsj)
  11. The Masters Is Feeling the Shockwaves of LIV Golf (wsj)
  12. The ‘King Kong’ of Weight-Loss Drugs Is Coming (wsj)
  13. Auto Sales Withstand Higher Interest Rates (nytimes)
  14. Bubba Watson Knows People Are Mad. He Loves LIV Golf Anyway. (nytimes)
  15. Are Offices Truly Worth as Little as REITs Imply? (bloomberg)
  16. The Weak Are Getting Found Out in Banking (bloomberg)
  17. The NYC Landlord Who Says the ‘Golden Age’ of Being a Landlord Is Over (bloomberg)
  18. Ford’s first quarter sales increase 10.1% on improved F-Series truck production (cnbc)
  19. Finland becomes a member of NATO, doubling the military alliance’s border with Russia (cnbc)
  20. China’s homebuyers are starting to come back (cnbc)
  21. Wharton Professor Jeremy Siegel says the surge in oil prices won’t be a big problem for inflation as natural gas keeps plummeting (businessinsider)
  22. Australia Central Bank Joins Canada In Hitting “Pause” On Rate Hikes (zerohedge)
  23. Sterling hits 10-month high as recession fears ease (ft)
  24. Alibaba launches budget shopping channel on Taobao to heat up online price war (scmp)

Unusual Options Activity – Alibaba Group Holding Limited (BABA)

Data Source: Barchart

On Monday some institution/fund purchased 12,337 contracts of Sep. 2023 $170.00 strike calls (or the right to buy 1,233,700 shares of Alibaba Group Holding Limited (BABA) at $170.00). The open interest was just 6,890 prior to this purchase.

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