Be in the know. 30 key reads for Thursday…

  1. 8 Biotech Stocks So Cheap That Their Technology Is Effectively Free (barrons)
  2. ‘The worst is over’ in supply chain crisis: Port of Long Beach director (foxbusiness)
  3. From Credit Suisse to Goldman Sachs, investment banks say it’s time to buy Chinese stocks (cnbc)
  4. Global investors snap up Chinese stocks despite market declines (cnbc)
  5. China Tech Stocks Outlook Improves Year After $1.5 Trillion Rout (bloomberg)
  6. What could drive the Fed to a ‘Plan B’ for balance sheet reduction (reuters)
  7. Fed Eyes Rate Hike Soon and Faster Tightening Pace If Needed (bloomberg)
  8. Fed’s Kashkari: ‘Let’s not overdo it’ on Fed rate hikes (reuters)
  9. Alibaba said to push direct online retail model amid increased competition (scmp)
  10. Minutes show Fed ready to raise rates, shrink balance sheet soon (cnbc)
  11. Walmart Tops Earnings Estimates and Boosts Its Dividend (barrons)
  12. Amazon’s Outlook Is ‘Bright.’ Dan Loeb Is Buying More of the Stock. (barrons)
  13. Charlie Munger Expects Index Funds to Change the World—and Not in a Good Way (wsj)
  14. ‘Yellowstone’ Fans Get a Jumbo-Size Season 5, a New Prequel and Stallone as ‘Tulsa King’ (wsj)
  15. Buy DuPont Stock. CEO Breen Is the King of Breakups. (barrons)
  16. Cisco Stock Jumps on Strong Earnings and a Growing Buyback (barrons)
  17. Here’s the technology being used to watch Russian troops as Ukraine invasion fears linger (marketwatch)
  18. S. jobless claims jump 23,000 to 248,000 (marketwatch)
  19. Virgin Galactic is selling tickets to space – for $450,000: Talking Tech podcast (usatoday)
  20. Cathie Wood Loads Up $24.5M In Roblox As The Gaming Company’s Stock Crashes (benzinga)
  21. Airbus rebounds to record profits as it strikes upbeat note on recovery (ft)
  22. Can Jay Powell build consensus at a divided Federal Reserve? (ft)
  23. Hedge fund Caxton raises fees as inflation bets pay off (ft)
  24. Turkey Keeps Key Rate Unchanged as Inflation Backlash Builds (bloomberg)
  25. Patrick Gelsinger is Intel’s True Believer (nytimes)
  26. Biotech stocks to buy: Experts at a top tech-focused fund reveal 3 companies set to surge on drug discovery breakthroughs (businessinsider)
  27. Billionaire investor Charlie Munger bashed crypto, blasted speculators, and predicted a painful crash. Here are his 16 best quotes from Daily Journal’s annual meeting. (businessinsider)
  28. Russia Tells U.S. No Ukraine Invasion Planned, Tass Says (bloomberg)
  29. Chinese Graduates Opt for Gig Work as Job Outlook Worsens (bloomberg)
  30. Headline Writer Risk. The Energy Report 02/17/2022 (Phil Flynn)

Unusual Option Activity – General Electric Company (GE)

Data Source: Barchart

On Tuesday some institution/fund purchased 12,002 contracts of Jan 2023 $110 strike calls (or the right to buy 1,200,200 shares of General Electric Company (GE) at $35). The open interest was just 1768 prior to this purchase.

Continue reading “Unusual Option Activity – General Electric Company (GE)”

Be in the know. 23 key reads for Wednesday…

  1. Boeing’s China 737 Max completions centre ready for delivery restart (flightglobal)
  2. FOMC Minutes Eyed for Clues on Half-Point Hike, Runoff Plans (bloomberg)
  3. Buy China Stocks, Debt in ‘Dawn of Alpha,’ JPMorgan’s Santos Says (bloomberg)
  4. Top 15 hedge fund managers raked in $15.8 billion last year (nypost)
  5. Alibaba, Sands China lead gains on China easing bets (scmp)
  6. Carl Icahn Won’t Stop Till He Gets What He Wants (bloomberg)
  7. Hotel Earnings Strong As Travel Headwinds Fade (investors)
  8. ViacomCBS Is Changing Its Name, Gaining Subscribers (barrons)
  9. State Street strategist says markets have got carried away on interest rate-hike expectations (marketwatch)
  10. ‘Facebookers’ to ‘Metamates.’ Mark Zuckerberg’s New Values Haven’t Budged the Stock. (barrons)
  11. Publicly Traded Companies Are Vanishing. Does Private Equity Have an Edge? (barrons)
  12. Why Now Is the Time to Dive Into Tech Stocks (barrons)
  13. Meta Stock Has Never Been Cheaper. Is It Time to Buy the Former Facebook? (barrons)
  14. Kraft Heinz Stock Edges Up. Sales, Earnings Beat Forecasts. (barrons)
  15. S. Retail Sales Rise Most in 10 Months in Broad-Based Rebound (bloomberg)
  16. ‘Reacher’ TV Review: Believable Brawn (wsj)
  17. S. Factory Output Rises as Firms Navigate Supply Constraints (bloomberg)
  18. China adds more companies to an industry body designed to develop the country’s metaverse (cnbc)
  19. ‘Bad news is already priced in’: an investment chief for BNY Mellon breaks down why he’s expecting stocks to bounce back by 8 to 10% this year despite recent volatility – and shares 3 investing strategies to excel in the current mid-cycle bull market (businessinsider)
  20. The bull market in stocks is ‘far from over’ and potential conflict between Russia and Ukraine could spark dovish reassessment by central banks, JPMorgan says (businessinsider)
  21. A value-focused portfolio manager shares 6 stocks to buy despite rising geopolitical risk — and explains why the Federal Reserve hasn’t yet made a policy error (businessinsider)
  22. News in-depth. Citi’s Jane Fraser ditches ambition to break into Wall Street’s big league (ft)
  23. Angry Oil. The Energy Report 02/16/2022 (Phil Flynn)