Be in the know. 28 key reads for Thursday…

  1. Big Short in Stocks Is Almost Over After $300 Billion Unwind (bloomberg)
  2. Alibaba to speed up development at next phase of global headquarters in Hangzhou (scmp)
  3. Alibaba tests ChatGPT rival in race to build China’s top AI chatbot (scmp)
  4. BorgWarner sees EV business to grow at least 72% in 2023 (reuters)
  5. Trian’s Nelson Peltz Says Proxy Fight With Disney Is Over (bloomberg)
  6. Macau casino stocks are a good bet in post-Covid recovery, analysts say (scmp)
  7.  ‘No one is immune’: Activist investors target tech companies after stocks dive (marketwatch)
  8. PepsiCo Profit Tops Expectations as Sales Rise (wsj)
  9. Bing With AI: Microsoft CEO Satya Nadella on Why Search Is Changed Forever (wsj)
  10. I Tried Microsoft’s New AI-Powered Bing. Search Will Never Be the Same. (wsj)
  11. Toast Is Used at Local Restaurants. It’s Time to Buy the Stock. (barrons)
  12. Disney Plans to Reinstate Dividend and Cut 7,000 Jobs (barrons)
  13. The SEC Wants to Revamp Stock Trading. Who Wins and Loses. (barrons)
  14. It’s Not Too Late to Invest in Defense Stocks. These Funds Are Good Plays. (barrons)
  15. Instagram’s Founders Just Launched an AI-Powered News App. It Could Be the Next Big Thing. (barrons)
  16. Yum China Provides a Look at China’s Consumer (chinalastnight)
  17. Meme stocks and cannabis were investing fads, but Morgan Stanley says AI is the real deal (marketwatch)
  18. India Is Still a Buy. Don’t Be Worried by Adani’s Troubles. (barrons)
  19. Dan Loeb’s Third Point Takes Stake in Salesforce. The Tech Giant Is a Favorite Activist Target. (barrons)
  20. Corporate Bonds Bounce Back After Horrible 2022 (wsj)
  21. Fox to Seek Acquisition Targets After Decision to Drop News Corp Deal (wsj)
  22. Adani Group Bonds Claw Back Losses After Distressed-Debt Investors Pile In (wsj)
  23. S.-China Tensions Are High. So Is Commerce Between the Nations. (wsj)
  24. Uber Reports Record Revenue as It Defies the Economic Downturn (nytimes)
  25. Mark Zuckerberg’s Meta to ‘flatten’ middle managers in cost-cutting push: report (nypost)
  26. As demand for Covid vaccines falls, AstraZeneca lines up ‘blockbuster’ products for 2023 (cnbc)
  27. The AI craze has sent some stocks soaring up to 300%. This list of over 74 stocks across 5 categories features the top picks from the sector’s leading fund managers. (businessinsider)
  28. Markets guru Jeremy Siegel predicts stocks will keep surging this year – and warns house prices could plunge 20% from their peak (businessinsider)

The “Good Time” Stock Market (and Sentiment Results)…

When I thought about sentiment for this week’s note, Alan Jackson’s legendary country song “Good Time” came to mind.  The following lyrics lay out a couple of themes we want to touch on.  People are, 1) spending all of their savings (bad), and (as a function of that), 2) going back to work (good):
Continue reading “The “Good Time” Stock Market (and Sentiment Results)…”