Be in the know. 25 key reads for Tuesday…

  1. Amazon in talks to buy MGM for $9bn (Financial Times)
  2. Burry of ‘The Big Short’ has bet against Tesla: report (Fox Business)
  3. Investors bet on commercial real estate, undeterred by empty offices and hotel rooms (Fox Business)
  4. Brent crude hits $70 as traders bet on sustained revival in oil demand (Financial Times)
  5. Rolls-Royce courts investors for mini nuclear plants (Financial Times)
  6. Earnings up, multiples down: Morning Brief (Yahoo! Finance)
  7. Frank Sinatra’s historic homes: From NYC to Palm Desert (New York Post)
  8. ‘Succession’ Meets ‘90 Day Fiancé’ in WarnerMedia-Discovery Deal (New York Times)
  9. Foreign investors tiptoe into frontier markets in search of returns (Financial Times)
  10. Service sector activity surged at record pace in May, NY Fed survey finds (Reuters)
  11. U.S. housing starts drop sharply; building permits rise modestly (Reuters)
  12. Biggest Shorting Of Tech Stocks By Hedge Funds In 5 Years: Goldman Prime (ZeroHedge)
  13. Baidu (BIDU) Tops Q1 EPS by 23c, Revenues Beat; Offers 2Q Revenues Outlook (Street Insider)
  14. Fisker (FSR) Won’t Accept or Invest in Bitcoin (BTC) as It Is ‘Not Environmental-Friendly’ (Street Insider)
  15. Elliott Wants Duke Energy (DUK) to Split Into Three Regionally-Focused Utilities (StreetInsider)
  16. Walmart Raises Full-Year Guidance as Earnings Beat Expectations (Barron’s)
  17. SolarEdge Stock Is Beaten Down. Why It’s Not Out. (Barron’s)
  18. Home Depot’s Earnings Smash Forecasts (Barron’s)
  19. Glaxo Has Good News on Another Vaccine. It’s a Tougher Market Now. (Barron’s)
  20. Fund managers position for ‘boom expectations’ with tech demand at three-year lows, Bank of America survey finds (MarketWatch)
  21. Clarida says economy hasn’t made the progress needed for Fed to scale back asset purchases (MarketWatch)
  22. Fund Managers Say ‘Long Bitcoin’ Is the Most Crowded Trade in the World (Bloomberg)
  23. The Businessweek How-To Issue: 50+ Lessons From Really Smart People (Bloomberg)
  24. EU Suspends Plans to Raise Tariffs on U.S. Whiskey, Other Goods (Wall Street Journal)
  25. Energy and Materials Shares Lead the Way in a Turbulent Stretch for Stocks (Wall Street Journal)

Be in the know. 15 key reads for Monday…

  1. Sanofi and Glaxo Are Back With a Covid-19 Vaccine (Barron’s)
  2. Shares of Realogy Look Cheap as Housing Booms (Barron’s)
  3. New Oil Barons Strike It $329 Billion Richer On Powerful Rally (Investor’s)
  4. Will Demographics Tank China’s Housing Market? (Wall Street Journal)
  5. Inside Jeff Bezos’ Obsessions (New York Times)
  6. AT&T signs deal to combine media business with Discovery (USA Today)
  7. Elon Musk says bitcoin isn’t decentralized as he goes to war with crypto bulls (Business Insider)
  8. The red-hot commodity market is being underappreciated in the long term by investors still obsessed with stocks, JPMorgan says (Business Insider)
  9. Foxconn the carmaker? Disruption in the era of electric vehicles (Financial Times)
  10. Swiss Central Bank Bought Li Auto, XPeng, Zoom, and This Marijuana Stock (Yahoo! Finance)
  11. Central banks seek out riskier assets for reserves in yield drought (Financial Times)
  12. Markets weigh prospect of new commodities supercycle (Financial Times)
  13. U.S. screens 1.85 million people on Sunday at airports, highest since March 2020 (Street Insider)
  14. Rackspace Technology (RXT) Sees Insider Buys from 3 C-Level Executives (Street Insider)
  15. Companies Ponder Speeding Up Plans to Bring Workers Back to Offices (Wall Street Journal)

Be in the know. 10 key reads for Sunday…

  1. Soros buys stocks linked to Bill Hwang’s Archegos collapse – Bloomberg News (Reuters)
  2. Hedge Fund Investor Letters Q1 2021 (Insider Monkey)
  3. Daniel Kahneman on Behavioral Economics (Podcast) (Bloomberg)
  4. US banks could cut 200,000 jobs over next decade, top analyst says (Financial Times)
  5. Major Rare And Vintage Car Shows Making A Comeback This Spring And Summer (Forbes)
  6. ECRI Weekly Leading Index Update (Advisor Perspectives)
  7. GoodRx helps people afford drugs. But is it improving health care or profiting off a broken system? (Fortune)
  8. How Bumble’s Whitney Wolfe Herd Became the Youngest Female Self-Made Billionaire (Robb Report)
  9. 2021 NHL Playoffs: The Storylines That Will Shape This Year’s Postseason (Men’s Journal)
  10. Inside the Hotel du Cap, The South Of France’s Legendary Celebrity Getaway (Maxim)

Be in the know. 20 key reads for Saturday…

  1. Here’s What Could Stop Inflation in Its Tracks (Barron’s)
  2. GE Stock Is Getting a Boost From Wall Street (Barron’s)
  3. Lumber prices fall for a 5th straight day in a reprieve for surging commodity prices (Business Insider)
  4. Inflation Is Here and Hotter Than It Looks. Why It’s Time to Worry. (Barron’s)
  5. Shares of Realogy, an Unlikely Hero of the Realty Revolution, Look Cheap (Barron’s)
  6. Income Investors, Meet GARY: It Brings Growth and Reasonable Yield (Barron’s)
  7. Disney CEO: CDC mask rule will spur ‘immediate’ jump in theme park attendance (New York Post)
  8. Value Investing Still Beats Growth Investing, Historically (Alpha Architect)
  9. Lessons from the 2021 Berkshire Meeting (Novel Investor)
  10. U.S. Shoppers Continued Stimulus-Fueled Spending in April (Wall Street Journal)
  11. Marijuana Medical Research Growers Receive U.S. Approval (Wall Street Journal)
  12. The Capitalist Culture That Built America (Wall Street Journal)
  13. The summer of inflation: will central banks and investors hold their nerve? (Financial Times)
  14. Israel’s Iron Dome keeps toll of rockets in check (Finacial Times)
  15. US day trading frenzy eases as investors ‘move on to other things’ (Financial Times)
  16.  Solar panels are key to Biden’s energy plan. But the global supply chain may rely on forced labor from China (CNN)
  17. When Inflation Is High, Hedge Fund Managers Thrive (Institutional Investor)
  18. A Look Under the Hood For Inflation (DGI)
  19. David Swensen: The Peter Lynch of Institutional Investing (Morningstar)
  20. The Pygmalion Effect: Proving Them Right (Farnam Street)

Unusual Options Activity – Las Vegas Sands Corp. (LVS)

Data Source: barchart

Today some institution/fund purchased 2,840 contracts of Jan 2023 $57.5 strike calls (or the right to buy 284,000 shares of Las Vegas Sands Corp. (LVS) at $57.50). The open interest was just 497 prior to this purchase. Continue reading “Unusual Options Activity – Las Vegas Sands Corp. (LVS)”