Be in the know. 22 key reads for Monday…

  1. Alibaba Cloud Debuts Generative AI Model for Corporate Users (alizila)
  2. China Pumps $25 Billion in Funds to Banks While Keeping Key Rate on Hold (bloomberg)
  3. The Pig Still Hasn’t Fully Exited the Python (bloomberg)
  4. The US dollar’s recent slide is flashing a bullish signal for markets (businessinsider)
  5. Merck to buy Prometheus Biosciences for $10.8 billion (marketwatch)
  6. The U.S. dollar is under fire from rival nations. What happens to markets if the greenback loses its world dominance? (marketwatch)
  7. M&T Bank’s Earnings Defy Turmoil to Top Forecasts. The Stock Is Rising. (barrons)
  8. A Ferrari 275 Originally Owned by the Late Actor Steve McQueen Heads to Auction (barrons)
  9. Why 5% interest rates might not derail the stock market or the U.S. economy (marketwatch)
  10. Walmart borrowing $5 billion in debt highlights a thaw in a crucial area of financial markets (marketwatch)
  11. Banks Are Finally Facing Pressure to Pay Depositors More (wsj)
  12. Drug and Game Makers Lead M&A’s Latest $20 Billion Bounce (bloomberg)
  13. Hedge Funds Go All In on Dollar, First Time in Over a Year (bloomberg)
  14. Moderna and Merck’s combo cancer-vaccine treatment shows ‘significant’ promise (marketwatch)
  15. Moderna is developing a vaccine against the tick-borne Lyme disease, in a first for the company (marketwatch)
  16. The U.S. dollar is under fire from rival nations. (marketwatch)
  17. BlackRock’s Larry Fink says there’s no big recession headed for the US economy, but inflation will be ‘stickier for longer’ (businessinsider)
  18. Howard Marks says rock-bottom rates are history, bitcoin has its uses, and AI won’t replace the best investors. Here are his 8 best quotes from a new interview. (businessinsider)
  19. New York Factory Activity Expands for First Time in Five Months (bloomberg)
  20. Goldman Sachs sees ‘relative outperformance’ for V.F. Corp. (VFC), double upgrades to Buy, raises target (streetinsider)
  21. Coach CEO latest luxury brand chief to visit ‘growth engine’ China post-Covid (scmp)
  22. Foreign brands flock to China’s Hawaii as consumption rebounds (scmp)

Be in the know. 12 key reads for Sunday…

  1. Yellen says US banks may tighten lending and negate need for more rate hikes (reuters)
  2. Bond Buyers See ‘Best Bang for Buck’ in EM as Hiking Cycles End (bloomberg)
  3. Aswath Damodaran on the Future of Business Education (bloomberg)
  4. US Commercial Bank Deposits & Loans Rose Last Week; Small Bank Depos Up Most In 4 Months (zerohedge)
  5. UMich 1 Year Inflation Expectations Soar The Most In Two Years As Sentiment Inexplicably Rises (zerohedge)
  6. Rent Drops Annually For First Time In Three Years—Here’s Where Prices Dropped The Most (forbes)
  7. Introducing the 2024 Lamborghini Revuelto, a 1,001-Horsepower Speed Demon (mensjournal)
  8. Alibaba to re-separate Tmall and Taobao as restructuring continues (technode)
  9. Alibaba to embed ChatGPT-like language model into all of its products (technode)
  10. Transcript: Eight Months In, What Is Happening With Biden’s CHIPS Act? (bloomberg)
  11. The Coolest Muscle Cars You Can Buy in 2023 (roadandtrack)
  12. Danny Meyer, Founder of Shake Shack — How to Win, The Art of The Graceful “No,” Overcoming Setbacks, The 6 Traits of Exceptional People, The 4 Quadrants of Performance, Lessons from Hospitality Excellence, and More (#665) (tim)

Be in the know. 15 key reads for Saturday…

  1. As Bank Earnings Go, So Goes the Stock Market. So Far, So Good. (barrons)
  2. There Was No Crisis for JPMorgan and Its Big-Bank Peers (wsj)
  3. Profit Margins Are the Next Big Risk for Stocks (barrons)
  4. JPMorgan’s Results Show Banks’ Big Losses on Bonds Are Diminishing (barrons)
  5. Life Insurance Stocks Look Cheap and Inviting (barrons)
  6. The ‘fuel is there to blow the top off’ the stock market. Here’s what’s missing. (marketwatch)
  7. ‘Dangerous times’: These aerospace and defense, cybersecurity ETFs are on ‘verge of breakouts’ (marketwatch)
  8. First Annual Drop in Rents Since Pandemic Began, Redfin Says (wsj)
  9. McCarthy Planning to Unveil One-Year Debt Ceiling Extension (bloomberg)
  10. China Home Prices Rise for Second Month as Market Stabilizes (bloomberg)
  11. China Luxury Boom Returns But LVMH, Hermes Stand Out From Crowd (bloomberg)
  12. Morningstar: Stocks are historically cheap — buy these 33 top undervalued names to brace for a volatile market today and profit from the recovery later this year (businessinsider)
  13. Elon Musk is reportedly planning an A.I. startup to compete with OpenAI, which he cofounded (cnbc)
  14. 10 Of The Best Books On Stock & Business Valuation (2023) (acquirersmultiple)
  15. Artificial Intelligence Is Teaching Us New, Surprising Things About the Human Mind (wsj)

Be in the know. 20 key reads for Friday…

  1. As Dealerships Get More Stock, Auto Makers’ Sales Rebound. GM, Hyundai and others report a robust start to the year, due in large part to rising inventory levels and easing supply-chain troubles (wsj)
  2. JPMorgan Chase stock shifts into rally mode after it blasts past earnings and revenue estimates (marketwatch)
  3. Banking crisis forces ECB policymakers to rethink rate hikes, but focus still firmly on inflation (cnbc)
  4. Wells Fargo shares rise after bank’s first quarter profit and revenue top the Street (cnbc)
  5. Can Intel become the chip champion the US needs? (ft)
  6. Birkin bag maker Hermes sees no U.S. slowdown as sales jump 23% (cnbc)
  7. For Regional Banks, Surviving Won’t Be the Same as Thriving (wsj)
  8. JPMorgan Chase posts record revenue that tops expectations on higher interest rates (cnbc)
  9. Wall Street is wrong: Former Pimco chief economist Paul McCulley predicts rate hikes will end next month (cnbc)
  10. New-vehicle inventories, discounts rise as the New York Auto Show heralds spring selling season (wsj)
  11. Hedge Fund 101: You Always Buy Liquidation Events (chinalastnight)
  12. Big banks kick off earnings season with a bang (yahoo)
  13. BofA Strategists Prefer Global Stocks to Tech-Heavy US Market (bloomberg)
  14. PBOC Pledges Stronger Support to Economy (bloomberg)
  15. Buffett Focus on ‘Quality’ Helps Narrow Hunt for Value in Japan (bloomberg)
  16. Citigroup profit rises and beats analyst forecasts, shares rise (marketwatch)
  17. Retail Sales Fell More Than Expected in March (barrons)
  18. Supplier Prices Fell in March, Adding to Signs of Moderating Inflation (wsj)
  19. Amazon CEO Andy Jassy Commits to Cost-Cutting, Innovation in Shareholder Letter (wsj)
  20. The Fed could turn a mild downturn into an ugly recession if it doesn’t stop raising rates soon, market veteran Ed Yardeni says (businessinsider)