Be in the know. 30 key reads for Thursday…

  1. I Beg to Differ (Howard Marks)
  2. Alibaba, Meituan are top picks at Daiwa in sector upgrade as internet stocks to benefit most from China stimulus (scmp)
  3. The Fed is no longer behind the curve, says DoubleLine CEO Jeffrey Gundlach (cnbc)
  4. US enters technical recession after contraction in second-quarter growth (ft)
  5. Second straight quarterly decline meets a common definition of recession (wsj)
  6. Jack Ma to Reportedly Cede Control of Ant Group, Seen as a Boost for Alibaba’s Stake (streetinsider)
  7. How the Fed Could Lose Its Nerve (wsj)
  8. China Leaders Call for ‘Best’ Growth Outcome at Key Meeting (bloomberg)
  9. Grocery Bill Inflation Might Have Peaked (wsj)
  10. Teva Tries to Put an End to the Opioid Wars (wsj)
  11. The global recession drum beat is getting louder (reuters)
  12. Pfizer reports big profit and revenue beats, as COVID drug sales increase by nearly $9 billion (marketwatch)
  13. Southwest predicts third-quarter revenue above pre-pandemic levels (reuters)
  14. Merck stock ticks up after profit more than triples to beat expectations (marketwatch)
  15. Chinese Property Shares Rise as Investors Bet on State Support (bloomberg)
  16. Energy on Agenda as Saudi Crown Prince to Meet Macron (bloomberg)
  17. Boeing Reports Drop in Profit but Sees ‘Momentum’ for Turnaround (nytimes)
  18. Amazon’s Quarter Will Be Bad. What Happens Next? (barrons)
  19. Intel’s Profitability Outlook (barrons)
  20. Honeywell Earnings Rise. More People Are on Planes and in the Office. (barrons)
  21. Jack Ma To Cede Control Of Ant Group Control (zerohedge)
  22. Facebook Parent Meta Platforms Reports First Ever Revenue Drop (wsj)
  23. Senate Approves $280 Billion Bill to Boost U.S. Chip Making, Technology (wsj)
  24. Joe Manchin Reaches Deal With Chuck Schumer on Energy, Healthcare, Tax Package (wsj)
  25. CBO Expects Significant Rise in Public Debt Burden, Deficit (wsj)
  26. Ford’s Profit Rises on Higher Sales, More Inventory (wsj)
  27. US Jobless Claims Fall Slightly, Hold Near Eight-Month High (bloomberg)
  28. Royal Caribbean beats revenue estimates on pent-up demand (reuters)
  29. China’s central bank seeks to mobilise $148bn bailout for real estate projects (ft)
  30. Fed’s Jay Powell calls time on running commentary for rate rises (ft)
  31. Macau opens for casino licence renewals until September 24 (scmp)

 

The “Better Than Feared” Stock Market (and Sentiment Results)…

Philip Vassiliou, the CIO of Legatum (who we interviewed a few weeks ago here), thoughtfully sent me this great note on Wednesday – written by another investing legend Howard Marks.  I’ve read Howard’s notes over the years, but this was one of the best.  The most important lines for me were: Continue reading “The “Better Than Feared” Stock Market (and Sentiment Results)…”

Be in the know. 25 key reads for Wednesday…

  1. Alphabet’s Google posts higher quarterly revenue, easing worries (nypost)
  2. Biden Will Speak With Xi on Thursday as US-China Ties Worsen (bloomberg)
  3. It’s Fed Day. Powell to Walk a Fine Line. (barrons)
  4. Why Activist Elliott Management Is Targeting PayPal (barrons)
  5. Automakers See Some Relief From Chip Shortages (thestreet)
  6. ‘Operating With Increased Intensity’: Zuckerberg Leads Meta Into Next Phase (nytimes)
  7. Bank on Amazon, ‘this time will be no different’ (foxbusiness)
  8. Alphabet, Microsoft Spur Hope Tech Can Handle Slow Economy (bloomberg)
  9. If the Market Rally Resumes, Cyclicals Such as Bloomin’ Brands Will Outperform (barrons)
  10. Kraft Heinz Tops Earnings Expectations and Raises Organic Sales Guidance (barrons)
  11. Walmart’s Warning Wrecked Retail Stocks. Some Were Unfairly Punished. (barrons)
  12. Carvana Has Dropped Nearly 90% This Year. It’s Time to Have a Look at the Stock, Says Analyst. (barrons)
  13. Teva Stock Soars After Reaching $4.25 Billion Opioid Settlement (barrons)
  14. Walmart Wreaked Havoc on Retail. Grab These Unfairly Punished Stocks Now. (barrons)
  15. Uber, Rivian, and 9 More ‘Busted IPOs’ That Could Still Have Value (barrons)
  16. Boeing Reverses Drain on Cash, Signaling Progress in Turnaround (bloomberg)
  17. How Pessimistic Americans Could Worry the Economy Into Recession (barrons)
  18. Texas Instruments Earnings Tops Estimates. The Stock Is Rising. (barrons)
  19. For Investors and a Buffer, Alibaba Seeks a Hong Kong Primary Listing (nytimes)
  20. Here’s What to Expect From the Fed’s Policy Review Today (bloomberg)
  21. A $9.4 Trillion Results Day Looms in a Test for Stock Market (bloomberg)
  22. Traders Who Bet on Friendlier Fed Are About to See If They’re Right (bloomberg)
  23. Mercedes Sees Car Demand Continuing to Outrun Supply (bloomberg)
  24. Rolls-Royce picks Tufan Erginbilgic to succeed Warren East as CEO (ft)
  25. Alibaba Applies For Primary Listing In Hong Kong (chinalastnight)