Be in the know. 10 key reads for Friday…

  1. Moderna’s Covid-19 Vaccine Is Backed by FDA Advisory Panel (Barron’s)
  2. Stock-market timing expert DeMark ‘confident’ S&P 500 surges 5% in next 2 weeks—then watch out! (MarketWatch)
  3. ‘Lovin’ On You’ Stock Market (SeekingAlpha)
  4. Google’s Legal Peril Grows in Face of Third Antitrust Suit (New York Times)
  5. Gores Holdings started at outperform with $13.50 stock price target at Wedbush (MarketWatch)
  6. ‘The biggest stimulus plan ever known to man’ is coming, strategist says — here are two ways to play it (MarketWatch)
  7. Foreign investors dash into emerging markets at swiftest pace since 2013 (Financial Times)
  8. The Latest Housing Data Show the Market Is Still Hot (Barron’s)
  9. FedEx Revenue Jumps on Holiday Surge (Wall Street Journal)
  10. General Mills Anticipates Higher Demand Beyond Pandemic (Wall Street Journal)

Be in the know. 20 key reads for Thursday…

  1. Fed Stays the Course (Barron’s)
  2. What’s Inside the $908 Billion Stimulus Bill (Barron’s)
  3. Lennar Says This Was Its Best Year Ever. What It Expects in 2021. (Barron’s)
  4. Oil trades at more-than-9-month highs (MarketWatch)
  5. Wall Street Is Warming Up to Exxon Mobil Stock (Barron’s)
  6. Latest Google antitrust lawsuit accuses it of ‘unlawful’ union with Facebook (New York Post)
  7. 10 States Accuse Google of Abusing Monopoly in Online Ads (New York Times)
  8. U.S. Housing Starts Rose For a Third-Straight Month in November (Bloomberg)
  9. Powell Sees Light at End of Tunnel and Policy Staying Very Easy (Bloomberg)
  10. 5 things to know before FDA panel votes on Moderna’s Covid vaccine Thursday (CNBC)
  11. Weekly jobless claims unexpectedly rise, hit highest level since early September (CNBC)
  12. Antibody drugs could cut Covid-19 hospitalizations by half, but they’re not getting to Americans (CNBC)
  13. Facebook declares war on Apple (MarketWatch)
  14. DoorDash, Grubhub, Others Could Face Pared-Down Menu (Wall Street Journal)
  15. Fed sees US GDP fully rebounding by end 2021. (Business Insider)
  16. Goldman Sachs Has 4 Sizzling Energy Stocks to Buy That All Pay 5% or More Dividends (24/7 Wall Street)
  17. EU sounds optimistic note as hopes for Brexit trade deal mount (Financial Times)
  18. Pfizer COVID-19 Vaccine US Supply Could Rise 40% As FDA Clears Use Of Extra Doses In Vials (Benzinga)
  19. These Are the U.S. Antitrust Cases Facing Google, Facebook and Others (Wall Street Journal)
  20. Texas’ Tax Advantage Is All About Individuals, Not Business Taxes (Wall Street Journal)

The Luke Combs, “Lovin’ On You” Stock Market (and Sentiment Results)…

The song we chose to capture this week’s market sentiment is Luke Combs’ “Lovin’ on You.”  These lyrics accurately describe managers’ (and retail investors’) feelings for the market as of late: Continue reading “The Luke Combs, “Lovin’ On You” Stock Market (and Sentiment Results)…”

Unusual Options Activity – Exxon Mobil Corporation (XOM)

Data Source: barchart

Today some institution/fund purchased 16,372 contracts of Feb $55 strike calls (or the right to buy 1,637,200 shares of Exxon Mobil Corporation (XOM) at $55). The open interest was just 3,968 prior to this purchase. Continue reading “Unusual Options Activity – Exxon Mobil Corporation (XOM)”

Be in the know. 30 key reads for Wednesday…

  1. 16 Bank Stocks That Could Outpace the Sector in 2021 (Barron’s)
  2. Speakeasy of secrets: Forgotten tales of debauchery from NYC’s ‘21’ Club (New York Post)
  3. Banks’ Billions in Payouts Hinge on Fed’s View of the Pandemic (Bloomberg)
  4. What Spending Slowdown: BofA Credit, Debt Cards Show Soaring Retail Sales (ZeroHedge)
  5. December Bank of America Global Fund Manager Survey Results (Summary) (Hedge Fund Tips)
  6. Goldman Sachs Upgrades ExxonMobil (XOM) to Buy; Challenges Reflected in Valuation with Upside Potential (Street Insider)
  7. 10 Ways to Play a 2021 Energy-Stock Rebound (Barron’s)
  8. The 2021 Dogs of The Dow (Barron’s)
  9. The Fed’s Monetary Stimulus Has Boosted Household Wealth (Barron’s)
  10. The Fed Is Walking a Tightrope With Its Policy Messaging (Barron’s)
  11. It Has Definitely Been a Big Year for IPOs. It Just Might Be Tech Bubble 2.0. (Barron’s)
  12. Tech Giants Face New Rules in Europe, Backed by Huge Fines (Wall Street Journal)
  13. FDA Finds Moderna Covid-19 Vaccine Highly Effective (Wall Street Journal)
  14. Congressional Leaders Say They Are Closer to Deal on Covid-19, Year-End Spending Bill (Wall Street Journal)
  15. Real Estate’s Biggest Losers Enjoy a One-Month Stock Bounce (Wall Street Journal)
  16. Moderna Vaccine Is Highly Protective Against Covid-19, the F.D.A. Finds (New York Times)
  17. Critical to Vaccines, Cold Storage Is Wall Street’s Shiny New Thing (New York Times)
  18. Leaders Close In on Aid Deal Below $900 Billion (Bloomberg)
  19. Lyft Wants People to Be Hailing Fully Driverless Cars on Its App by 2023 (Bloomberg)
  20. Fed Mulls Shift in Bond Buying Program: FOMC Decision-Day Guide (Bloomberg)
  21. The FTC’s Antitrust Case Against Facebook Stakes Out New Ground (Bloomberg)
  22. Rich States Uncover Tax Windfall, Undercutting Push for More Aid (Bloomberg)
  23. Refinance demand jumps 105% annually, as mortgage rates set another record low (CNBC)
  24. U.S. retail sales decrease more than expected in November (Reuters)
  25. Fed faces tricky act balancing impact of vaccines against economic pain (Reuters)
  26. Former poker champion says this common mistake is a ‘huge problem’ in business (Yahoo! Finance)
  27. Southwest to take delivery of 35 737 MAX jets through end-2021 (Yahoo! Finance)
  28. ‘It’s Going to Rain Dividends and Buybacks Next Year.’ What to Expect for Markets and Consumer Stocks in 2021. (Yahoo! Finance)
  29. Spectre of higher inflation threatens historic bond rally (Financial Times)
  30. There is no stock market bubble (Financial Times