With the four major banks reporting earnings in the past 48 hours, the song that hit the mark for this week’s note is “I’m an Accountant” (by Rocky Paterra). This has been trending on TikTok for several weeks: Continue reading “The “I’m an Accountant” Stock Market (and Sentiment Results)…”
Tom Hayes – Quoted in Reuters article – 10/14/2020
Thanks to Devik Jain for including me in his article on Reuters today. You can find it here:
Where is money flowing today?
Be in the know. 15 key reads for Wednesday…
- A Dozen Stocks That Will Make Both Growth and Value Investors Happy (Barron’s)
- 7 Value Stocks With Morningstar ‘Buy’ Ratings (Yahoo! Finance)
- Bank of America Beat Earnings Forecasts. Why Its Stock Is Dropping. (Barron’s)
- Goldman Sachs’s Third-Quarter Profit Nearly Doubles (Wall Street Journal)
- Exxon’s Dividend Is Still a Concern. Goldman Sachs Upgraded It Anyway. (Barron’s)
- Wells Fargo Profit Slumps on Severance, Remediation Charges, Revenue Beats (Bloomberg)
- Wells Fargo returns to profit after painful second quarter (Financial Times)
- A Wall Street chief strategist says US lawmakers need a deal on fiscal aid – even a small one will help save consumer spending. (Business Insider)
- Failure to provide more fiscal stimulus is a ‘significant mistake’ that could cause more businesses to fail, Moody’s chief economist says. (Business Insider)
- Warren Buffett’s Berkshire Hathaway is in talks to partner with Mitsui, the Japanese trading group’s CEO says (Business Insider)
- Should Fiscal Policy Get More Chinese? (Wall Street Journal)
- Hedge fund short sellers target pandemic winners (Financial Times)
- Derivatives trading surges for big US tech companies (Financial Times)
- Study of Eli Lilly Covid-19 Drug Paused Due to Safety Concern (Wall Street Journal)
- Regeneron’s Coronavirus October Surprise (Wall Street Journal)
Financials (top 30 weights) Earnings Estimates/Revisions
In the spreadsheet above I have tracked the earnings estimates for the Financials Sector ETF (XLF) top 30 weighted stocks. Continue reading “Financials (top 30 weights) Earnings Estimates/Revisions”
Hedge Fund Trade Tip (PCN) – Position Completion Notification
Unusual Options Activity – EOG Resources, Inc. (EOG)
Data Source: barchart
Today some institution/fund purchased 1,454 contracts of Jan $42.5 strike calls (or the right to buy 145,400 shares of EOG Resources, Inc. (EOG) at $42.5). The open interest was just 408 prior to this purchase. Continue reading “Unusual Options Activity – EOG Resources, Inc. (EOG)”
Where is money flowing today?
Hedge Fund Trade Tip (PIN) – Position Idea Notification
October Bank of America Global Fund Manager Survey Results (Summary)
~224 Managers overseeing ~$600B AUM responded to this month’s BofA survey. Continue reading “October Bank of America Global Fund Manager Survey Results (Summary)”