Be in the know. 20 key reads for Monday…

  1. Goldman Sees Higher Oil Prices in 2021 After OPEC+ Agreement (Street Insider)
  2. The stock market is undergoing a ‘rare reversal’ that’s historically signaled double-digit returns to come, says one Wall Street chief strategist (Business Insider)
  3. Walgreens (WBA) Options Activity Resuscitates LBO Talk – Deutsche Bank (Street Insider)
  4. Wall Street headed lower on Sino-U.S. tensions; stimulus deal awaited (Reuters)
  5. Wayne Gretzky’s rookie card could be the first in hockey to break the $1-million milestone (The Star)
  6. ‘We are only in the middle of the bull market’ and a buying opportunity could come soon, JPMorgan says (MarketWatch)
  7. Relationship between a rising stock market and weak dollar strongest since the wake of the financial crisis — will it continue? (MarketWatch)
  8. The Boeing MAX 737 Jet Is Carrying Passengers Again. What It Means for the Stock. (Barron’s)
  9. 7 Stocks That Could Soar on Higher Oil Prices (Barron’s)
  10. JPMorgan Warns of Crowded Trades Amid Markets’ ‘Clear Consensus’ (Bloomberg)
  11. Barron’s Latest Picks And Pans: Airbnb, Bank Stocks, Dividend Aristocrats And More  (Benzinga)
  12. Pound falls over deadlock in EU-UK trade talks (Financial Times)
  13. UBS Upgrades Spirit AeroSystems (SPR) to Buy; 737 Accounted for ~90% of Earnings in 2018 (Street Insider)
  14. A Covid Vaccine Has Arrived. Get Ready for the Rollout (Bloomberg)
  15. Details of $908 Billion U.S. Pandemic Relief Plan Set for Release (Bloomberg)
  16. Airbnb, DoorDash Boost Price Ranges Ahead of Mega Week for IPOs (Bloomberg)
  17. These 10 vehicles are the hottest 2021 classic cars, according to collector car insurer Hagerty (USA Today)
  18. Nearly $4.4 trillion of home mortgages are set to be originated this year (Bloomberg)
  19. JPMorgan sends policy recommendations to Biden team on ways to prevent more Covid-related misery (CNBC)
  20. Gene Editing Shows Promise in Sickle-Cell Disease (Wall Street Journal)

Be in the know. 16 key reads for Sunday…

  1. Stock market 2021: Stocks expected to keep climbing as strategists look to a brighter 2021 (Yahoo! Finance)
  2. U.S. Vaccines May Start Friday Amid Covid’s Worst: Virus Update (Bloomberg)
  3. Why a vaccine won’t be yet another ‘false dawn’ for value stocks: ‘This one does feel different’ (fnLondon)
  4. 7 Bank Stocks That Could Thrive in the Biden Era (Barron’s)
  5. Saudis Raise Crude Pricing to Asia as Vaccines Buoy Oil Market (Bloomberg)
  6. A Monetary Mind at the Treasury (project-syndicate)
  7. ECRI Weekly Leading Index Update (Advisor Perspectives)
  8. TEN-YEAR TREASURY YIELD NEAR 1% MARK… STOCK INDEXES ARE HITTING NEW RECORDS — FINANCIAL SPDR HITS NEW RECOVERY HIGH (John Murphy)
  9. Top economists say this is what’s on their stimulus wishlist—and the bipartisan bill looks pretty close (Fortune)
  10. Wolfgang Puck Is Now Shipping His Famed Smoked Salmon Pizza Nationwide (Robb Report)
  11. Bryan Cranston Breaks Bad Again. And It’s a Thrill to Watch. (Daily Beast)
  12. How Moderna’s Vaccine Works (New York Times)
  13. Sean Connery’s 007 pistol from ‘Dr.No’ sells for $256,000 (OANN)
  14. 2021 Dodge Durango SRT Hellcat Quick Review: C’mon and Bring the Family to 180 MPH (The Drive)
  15. Elon Musk Is Reportedly Heading to Texas for a Tax Break (gizmodo)
  16. Here are 3 under-the-radar market story lines that could surprise investors in 2021 (CNBC)

Be in the know. 25 key reads for Saturday…

  1. Energy stocks propel S&P 500 to new record (Financial Times)
  2. Airbnb’s IPO Will Be Hot. Its Stock Will Be Worth the Price. (Barron’s)
  3. Ignore the ‘top callers,’ there’s still ‘easy money’ to be made this year, hedge-fund manager says (MarketWatch)
  4. Howard Marks Outlines Investment Opportunities, Risks (Barron’s)
  5. The ‘Elevation’ Stock Market (Seeking Alpha)
  6. The Boeing MAX 737 Jet Is Carrying Passengers Again. What It Means for the Stock. (Barron’s)
  7. Oil prices up 5 straight weeks to 9-month high after OPEC+ deal to only slowly unwind output cuts (MarketWatch)
  8. Move Over, Millennials! Baby Boomers Are Fueling Latest Stock Rally (Barron’s)
  9. The Top 30 Stocks Over the Last 30 Years… (Compound Advisors)
  10. China Recently Unveiled Its Latest 5-Year Plan. Here are the Highlights. (Barron’s)
  11. Stimulus Optimism Grows, and Congress Gets Job-Market Alert (Bloomberg)
  12. U.S. sells more than $175 billion in weapons to foreign governments, nearly 3% higher than last year (CNBC)
  13. Nordstrom shares soar with one analyst group upbeat about the luxury retailer’s post-COVID prospects (MarketWatch)
  14. In Greenwich, Connecticut, money is no object. Real estate there is on fire (CNN Business)
  15. Small Cap Rotation, Reopening, and Reversion (royce)
  16. Review: The Ghost is more modest and simple, but it’s still a Rolls-Royce (CNN Business)
  17. Equity Put/Call Ratio at Historical Extreme, but… (QuantifiableEdges)
  18. SpaceX Will Launch Remote Controlled Racecars to Lunar Surface (futurism)
  19. Daniel Ek, CEO of Spotify — The Art of Seeing Around Corners, Two-Year Missions, Top Books, and the Essence of Fire Soul (#484) (Tim Ferriss)
  20. Warren Buffett: How Fisher’s Scuttlebutt Method Changed My Life (acquirersmultiple)
  21. Secrets of the Market Wizards with Jack Schwager (investorhour)
  22. Comparative Roaring ’20s (yardeni)
  23. Small Cap Rotation, Reopening, and Reversion (Royce)
  24. Explore Or Exploit? How To Choose New Opportunities (Farnam Street)
  25. Value Investing: A History (investoramnesia)

Unusual Options Activity – Wells Fargo & Company (WFC)

Data Source: barchart

Today some institution/fund purchased 5,076 contracts of July $32.50 strike calls (or the right to buy 507,600 shares of Wells Fargo & Company (WFC) at $39). The open interest was just 705 prior to this purchase. Continue reading “Unusual Options Activity – Wells Fargo & Company (WFC)”