Be in the know. 15 key reads for Thursday…

  1. EVs Need Grid Power. Utilities Better Get Ready. (Barron’s)
  2. Leon Cooperman plans to stock pick his way to success, not expecting much more from overall market (CNBC)
  3. Alibaba Said To Be Making Its First Major Investment Since Antitrust Woes (Benzinga)
  4. Nio, Xpeng Extend Gains On Strong Q2 EV Sales (Investor’s Business Daily)
  5. OPEC Meets Today. What It Means for Oil Prices. (Barron’s)
  6. Jobs Report Should Yield Clues on Inflation, Fed Policy (Barron’s)
  7. Boeing’s Relationship With the FAA Is Improving. Here’s What Changed. (Barron’s)
  8. Here’s how the delta variant could impact markets and what to do, says JPMorgan (MarketWatch)
  9. A Crash Is Coming for Meme Stocks, ‘Big Short’ Investor Michael Burry Says (Barron’s)
  10. The Business of Being Kevin Hart: First Lesson, Always Build the Brand (Wall Street Journal)
  11. US and Japan conduct war games amid rising China-Taiwan tensions (Financial Times)
  12. Weekly jobless claims total hits new pandemic-era low of 364,000 (CNBC)
  13. Walgreens swings to a profit, raises forecast as it looks to accelerate growth under new CEO (CNBC)
  14. The delta variant poses no risk to markets and could boost these stocks, says JPMorgan (MarketWatch)
  15. More Than 3.05 Billion Shots Given: Covid-19 Vaccine Tracker (Bloomberg)

Unusual Options Activity – Alibaba Group Holding Limited (BABA)

Data Source: barchart

Today some institution/fund purchased 1,746 contracts of June $215 strike calls (or the right to buy 174,600 shares of Alibaba Group Holding Limited (BABA) at $215).   The open interest was just 739 prior to this purchase. Continue reading “Unusual Options Activity – Alibaba Group Holding Limited (BABA)”

Be in the know. 17 key reads for Wednesday…

  1. OPEC Meets Thursday. What It Means for Oil Prices. (Barron’s)
  2. Buffett, Munger on Zoom, Robinhood, and Lessons From the Pandemic (Barron’s)
  3. Didi Prices Its IPO at $14. Shares of the Chinese Ride-Hailing Giant Start Trading on Wednesday. (Barron’s)
  4. Private Equity Gears Up for the Siege of Japan Inc. (Wall Street Journal)
  5. Warren Buffett and Charlie Munger slam Robinhood, blast Archegos’ lenders, and reflect on their iconic friendship in a new interview. Here are the 15 best quotes (Business Insider)
  6. The rotation into value stocks will get a new lease of life as the US economy booms, JPMorgan strategist says (Business Insider)
  7. How Twitch became the go-to platform for creators to make money (USA Today)
  8. It’s going to get trickier for the stock market. Here’s what to watch now, says HSBC strategist. (Market Watch)
  9. United Airlines Bets on Post-Pandemic Growth With Its Biggest-Ever Jet Order (Wall Street Journal)
  10. Supreme Court Rules New Jersey Can’t Block Natural-Gas Pipeline (Wall Street Journal)
  11. Carried Interest Tax Break Unites PE Firms as Congress Takes Aim (Bloomberg)
  12. BofA Securities Makes Big Summer Changes to US 1 List of Top Stock Picks (24/7 Wall Street)
  13. Private payrolls rise 692,000 in June, easily topping expectations (CNBC)
  14. Buffett reflects on his first meeting with Munger: ‘I’m not going to find another guy like this’ (CNBC)
  15. Lumber prices dive more than 40% in June, biggest monthly drop on record (CNBC)
  16. General Mills (GIS) Tops Q4 EPS by 7c (Street Insider)
  17. Banks turn to blockchains to reform costly bond market (Financial Times)

Be in the know. 14 key reads for Tuesday…

  1. Fannie and Freddie Overhaul Reboot Benefits Many Mortgage Players (Wall Street Journal)
  2. Companies Are Giving Earnings Guidance Again. Why That’s Good for Stocks. (Barron’s)
  3. How Nadella Shook Up the Company’s Strategy—and Saw Big Gains (Barron’s)
  4. Boeing Gets Huge MAX Order. It’s a Bigger Deal Than the Latest Bad News. (Barron’s)
  5. Morgan Stanley and Wells Fargo Doubled Their Dividends. What It Means for Their Stocks. (Barron’s)
  6. A top Fed official says digital currency may be the money equivalent of parachute pants. (New York Times)
  7. Don’t Count on Needing a Covid Booster Shot, WHO Scientist Says (Bloomberg)
  8. Big tech and healthcare stocks stand to lose most from potential Biden tax hikes, BlackRock says (Business Insider)
  9. SEC’s Gensler aims to be ‘transformational’ Wall Street cop (Fox Business)
  10. Royal Caribbean Cruises (RCL) Sell Off Creates Buying Opportunity, Thoughts from CFO Meeting – Stifel (Street Insider)
  11. Costly New Alzheimer’s Drug Could Force Medicare to Restrict Access (Wall Street Journal)
  12. Full FDA approval of Pfizer’s and Moderna’s COVID-19 shots would reinvigorate the U.S. vaccination push — but it could still be months away (MarketWatch)
  13. Reflation trade unwind wrongfoots several big-name hedge funds (Financial Times)
  14. Fired by Bot at Amazon: ‘It’s You Against the Machine’ (Bloomberg)