Be in the know. 20 key reads for Friday…

  1. Wells Fargo upgraded to Outperform from Neutral at Baird. (TheFly)
  2. Gilead says remdesivir coronavirus treatment reduces risk of death (CNBC)
  3. Maryland man may be first person successfully vaccinated against COVID-19 (New York Post)
  4. Trump says he’ll wear a mask on trip to Walter Reed medical center (New York Post)
  5. Lumber Prices Rise Sharply Despite Covid-19 (Barron’s)
  6. 2 Bank Stocks Worth a Look Heading Into Earnings (Barron’s)
  7. Wells Fargo Stock Has Potential, Because ‘a Broken Bank Can Be Fixed’ (Barron’s)
  8. Mnuchin wants ‘another round’ of stimulus checks passed this month (New York Post)
  9. 68% Have Antibodies in This Clinic. Can Neighborhood Beat a Next Wave? (New York Times)
  10. Wear a Mask — That’s How We Stop Covid-19 Together (Barron’s)
  11. Walgreens to Cut 4,000 Jobs in U.K. Boots Stores (Wall Street Journal)
  12. Oil Went Below $0. Some Think It Will Rebound to $150 One Day. (Wall Street Journal)
  13. German Biotech Sees Covid-19 Vaccine Ready for Approval by December (Wall Street Journal)
  14. Cruise Ships Still Have Their Fans, Even After Coronavirus (Wall Street Journal)
  15. GM reveals price, features of 2021 Corvette Stingray, including two new colors (USA Today)
  16. These ‘epicenter’ stocks could surge higher, says analyst who called March bottom (Yahoo! Finance)
  17. Natural Gas Is Rebounding. 3 Stocks to Play the Move. (Barron’s)
  18. Fed balance sheet below $7 trillion, repo drops to zero for first time since September (Street Insider)
  19. Wells Fargo preparing to cut thousands of jobs: Bloomberg Law (Street Insider)
  20. Mortgage bailout sees biggest one-week decline, but more borrowers are extending terms (CNBC)

Be in the know. 10 key reads for Thursday…

  1. Wells Fargo Has Potential, Because ‘a Broken Bank Can Be Fixed’ (Barron’s)
  2. Gilead Is Testing an Inhaled Version of Its Covid-19 Drug (Barron’s)
  3. Warren Buffett Gives Another $2.9 Billion to Charity (New York Times)
  4. U.S. Initial Jobless Claims Fell Last Week by More Than Forecast (Bloomberg)
  5. The coronavirus has given investors a ‘once-in-a-lifetime opportunity,’ says hedge-fund billionaire (MarketWatch)
  6. Former Fox News Anchor Shepard Smith Joins CNBC to Host Evening Newscast (Wall Street Journal)
  7. Costco (COST) June U.S. Comps Increase 11% (StreetInsider)
  8. Walmart Forays Into Health Insurance In A Bid To Expand Health Care Offerings (Benzinga)
  9. Fed withdraws from repo market after 10 months (Financial Times)
  10. The AC/DC “Back in Black” Stock Market (and Sentiment Results)…(ZeroHedge)

The AC/DC “Back in Black” Stock Market (and Sentiment Results)…

This week we chose AC/DC’s “Back in Black” as our theme song for the Stock Market.  Of the major indices, so far the Nasdaq is the first one to make it out of the Red and Back in Black: Continue reading “The AC/DC “Back in Black” Stock Market (and Sentiment Results)…”

Be in the know. 15 key reads for Wednesday…

  1. Walgreens stock rises on plans to open 700 primary care practices (MarketWatch)
  2. Banks Could Get $24 Billion in Fees From PPP Loans (Wall Street Journal)
  3. Can Biotechs Make it to the Finish in the Covid-19 Vaccine Race? (Barron’s)
  4. Disney Stock Is Undervalued by Nearly 30%, Analyst Says (Barron’s)
  5. This fascinating chart shows the link between commodity prices and populism (MarketWatch)
  6. Here’s how much money banks earned for distributing PPP funds (New York Post)
  7. Walmart launching a subscription service for less than $100 a year (USA Today)
  8. Chubb’s Pandemic Estimate Could Buffer Insurers (Wall Street Journal)
  9. Homebuyer mortgage demand spikes 33% as rates set another record low (CNBC)
  10. What Wall Street Pros Will Look for This Earnings Season (Bloomberg)
  11. Taylor Morrison shares soar premarket after home builder says June was its best ever sales month (MarketWatch)
  12. Morgan Stanley Sees Multiple COVID-19 Vaccine Makers with Pivotal Data Before Year End, Supporting ‘V’ Shaped Recovery (StreetInsider)
  13. Biogen (BIIB) Completes Submission of BLA to FDA for Aducanumab as Treatment for Alzheimer’s Disease (StreetInsider)
  14. Big economies face surging debt, have time to put house in order, Barclays says (Reuters)
  15. Herd Immunity May Be Closer Than You Think (Wall Street Journal)