Be in the know. 15 key reads for Friday…

  1. U.S. consumer spending rises for second straight month in June (Reuters)
  2. Berkshire has spent more than $1.7 billion on 71.5 million Bank of America shares since July 20, including the latest purchases, according to regulatory filings. (Street Insider)
  3. Cruise Lines Test the Waters, Launching Sailings in Europe and Asia With Limited Capacities (Barron’s)
  4. Pandemic boost for Big Tech set to drive Wall St. higher (Street Insider)
  5. Caterpillar (CAT) Tops Q2 EPS by 20c, Revenues Beat (Street Insider)
  6. These relief benefits expire today as negotiations on next aid package stall (Fox Business)
  7. Charles Payne: Herman Cain was an American patriot, and an inspiration (Fox Business)
  8. Nvidia in talks to buy Arm from SoftBank for more than $32bn (Financial Times)
  9. How Apple’s stock split will change the pecking order in the 124-year old Dow Jones Industrial Average (MarketWatch)
  10. China manufacturing activity rises in July (MarketWatch)
  11. Ford Earnings Were Way, Way, Way Better Than Feared (Barron’s)
  12. Auto-Parts Retail Goes Full Throttle (Wall Street Journal)
  13. A $3 Million Ferrari Tests a World Without the Pebble Beach Auctions (Bloomberg)
  14. Opinion: Mortgage applications for suburban homes are surging as buyers try to escape the coronavirus pandemic (MarketWatch)
  15. ViacomCBS to Bulk Up Streaming Service (Wall Street Journal)

Be in the know. 10 key reads for Thursday…

  1. Disclosure-Shy Warren Buffett Must Really Like Bank of America Stock (Barron’s)
  2. Value Investors Believe Their Long Winter May Soon End (Bloomberg)
  3. Meet the New Fed Policies, Same as the Old Ones (Barron’s)
  4. Buy stock dips because the S&P 500 could ‘easily’ reach 3,500 next year, says Credit Suisse (MarketWatch)
  5. 5 Value Stocks In The Financial Services Sector (Yahoo! Finance)
  6. J&J begins first human clinical trials of single-dose coronavirus vaccine (FoxBusiness)
  7. CEOs Of Amazon, Apple, Facebook And Google Defend Companies During Congressional Antitrust Testimony (Benzinga)
  8. Fed plans for ‘the worst’ as it waits for Congress to act (Financial Times)
  9. FDA Nears Decision Authorizing Covid-19 Treatment With Convalescent Plasma (Wall Street Journal)
  10. Coronavirus Shifts Pricing Power to UPS and FedEx, and They Are Using It (Wall Street Journal)

The Garth Brooks, “Friends in Low Places” Stock Market (and Sentiment Results)…

I chose Garth Brooks’ song, “Friends in Low Places” – for this week’s Stock Market theme – because I think that’s where the money is going to be made in the next six to eighteen months.  Continue reading “The Garth Brooks, “Friends in Low Places” Stock Market (and Sentiment Results)…”