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.

Continue reading “Unusual Options Activity – Alibaba Group Holding Limited (BABA)”

Be in the know. 12 key reads for Monday…

  1. Alibaba’s CFO Sees Multiple Ways To Boost Shareholder Value Beyond Share buybacks (alizila)
  2. Investors Are Too Spooked by Washington’s PBM Crackdown (wsj)
  3. Advance Auto Is in Low Gear. It Needs to Upshift Fast. (barrons)
  4. Humana Stock Is a Bet on Healthcare for Seniors (barrons)
  5. Bank Stocks Are Beaten Up. Is Now a Buying Opportunity? (barrons)
  6. See the giant tuna that broke a rod in half during 2-hour fight with Texas fishermen (nypost)
  7. The Value of Regional Banks (nytimes)
  8. OPEC+ Makes Shock Million-Barrel Cut in New Inflation Risk (bloomberg)
  9. Charlie Munger shares investing advice and slams stock-market gamblers in a newly surfaced conversation. Here are his 9 best quotes. (businessinsider)
  10. Brazil’s Lula says economy to grow ‘more than pessimists think’ (reuters)
  11. Intel stock gets an upgrade from longtime bear: ‘We hate this call but think it’s the right one’ (marketwatch)
  12. ‘Son of a Sinner’ Jelly Roll reigns at the Country Music Television awards show (npr)

Be in the know. 16 key reads for Sunday…

  1. From Boat Chases to Martini Classes, These James Bond-Themed Vacations Will Immerse You in the World of 007 (robbreport)
  2. Why EV owners are getting grumpy about home charging (marketwatch)
  3. 3M – “This stock is currently uninvestable,” RBC Capital Markets analyst Deane Dray said in a phone interview. (bloomberg)
  4. Tiger Global Looks to Rebound From a Disastrous 2022 (institutionalinvestor)
  5. Charlie Munger in Conversation with Todd Combs | Singleton Prize for CEO Excellence (youtube)
  6. Buffett’s Other Guru (humbledollar)
  7. REITs Are Getting Caught Up in the Wave of Banking Fear (morningstar)
  8. 10 Undervalued Wide-Moat Stocks (morningstar)
  9. Ken Kencel on the Rise of Private Capital (bloomberg)
  10. JPM Head Of Cash Trading: “Bears Are Beginning To Pivot… We’re Seeing The Early Stage Of A Hedge Fund Risk-On Chase” (zerohedge)
  11. Meet The 2024 Lamborghini Revuelto, The Most Powerful Raging Bull Ever (maxim)
  12. Transcript: Matt King Sees a $1 Trillion Liquidity Drain Coming to Markets (bloomberg)
  13. Barclays Strategist Joe Abate Sees A ‘Second Wave’ of Deposit Outflows Coming for Banks (bloomberg)
  14. Masters 2023: We’ve used 20 years of data to create the perfectly average Masters champion (golfdigest)
  15. 10 Best Spa Resorts 2023 (worth)
  16. How does the Federal Reserve’s discount window work? (npr)

Be in the know. 15 key reads for Saturday…

  1. Bearish Sentiment on Stocks Is Best Thing Rally Has Going for It (bloomberg)
  2. Deposits at Small U.S. Banks Stabilized Last Week (barrons)
  3. The Fed’s Preferred Inflation Gauge Cooled Notably in February (nytimes)
  4. Rolls-Royce’s CEO Has a Turnaround Plan. The Stock Is Revving Up. (barrons)
  5. There’s a simple reason why it’s very likely that the stock market bottomed in October (businessinsider)
  6. China’s Consumers Extend Economic Rebound From Pandemic (wsj)
  7. Google cuts lavish employee perks — including ‘micro-kitchens’ in push to save (nypost)
  8. TikTok hires ex-Obama officials, ex-Disney exec in trying to avoid US ban (nypost)
  9. ‘Big Short’ hedge boss was ‘wrong to say sell’ as Nasdaq 100 enters bull market (nypost)
  10. How we know the super-rich are finally clamping down on spending (nypost)
  11. The Big Read. China truce with business — for now (ft)
  12. Flood of cash into US money market funds could add to banking strains (ft)
  13. Macau Gaming Revenue Jumps to Three-Year High on Tourism Boom (bloomberg)
  14. David Einhorn regrets selling his early Apple stake, predicts the Fed will pull back in fighting inflation, and reveals he’s betting on AI in a new interview. Here are the elite investor’s 8 best quotes. (businessinsider)
  15. Morningstar: Buy these 10 cheap stocks that will maintain higher-than-average dividends as a looming economic slowdown makes it even harder to find strong returns (businessinsider)