Unusual Options Activity – Bank of America Corporation (BAC)

Data Source: barchart

Today some institution/fund purchased 5,514 contracts of June 2021 $23 strike calls (or the right to buy 551,400 shares of Bank of America Corporation (BAC) at $23). The open interest was 4,298 prior to this purchase. Continue reading “Unusual Options Activity – Bank of America Corporation (BAC)”

Be in the know. 20 key reads for Monday…

  1. CanSino’s coronavirus vaccine candidate approved for military use in China (CNBC)
  2. Fed Reveals Bond Purchases Including AT&T, UnitedHealth, Walmart (Bloomberg)
  3. Covid Takes a Back Seat. The Energy Report 06/29/2020 (Phil Flynn)
  4. Gilead Discloses Pricing Plans for Covid-19 Treatment Remdesivir (Barron’s)
  5. Boeing 737 MAX Test Flights Are Set to Begin (Barron’s)
  6. FedEx, Micron, June Jobs Data, Fed Minutes, and More to Watch This Week (Barron’s)
  7. Burger King sales rebound as states reopen after COVID-19 lockdown (Yahoo! Finance)
  8. We need to get capital into communities of color: Michael Milken (Fox Business)
  9. Hedge funds eye new corporate structure in Singapore (Financial Times)
  10. Coty to buy 20% stake in Kim Kardashian West’s beauty line (Financial Times)
  11. Hedge Funds Are Rushing to Get Out of Bearish U.S. Stock Bets (Bloomberg)
  12. Telehealth’s Long-Term Staying Power (Bloomberg)
  13. Ten Years After IPO, a Look Back at Tesla’s Extraordinary Decade (Bloomberg)
  14. Reopenings Power a 9-Week Climb in Canadian Consumer Confidence (Bloomberg)
  15. Southwest will soar 47% as domestic focus and strong balance sheet outshine rivals, Goldman says (Business Insider)
  16. Baltic index rises on firmer capesize, supramax demand (Reuters)
  17. Fed Looks Down Under for Rate Strategy (Wall Street Journal)
  18. Will Anyone Bid $60 Million Online for a Painting? (Wall Street Journal)
  19. Even the Bible Is Full of Flawed Characters (Wall Street Journal)
  20. Big-Tech Investors Need to Start Watching Brussels More Closely (Wall Street Journal)

Industrials (top 30 weights) Earnings Estimates/Revisions

In the spreadsheet above I have tracked the 2020 and 2021 earnings estimates for the Industrials Sector ETF (XLI) top 30 weighted stocks. The column under the date 6/28/2020 has a letter that represents the movement in 2020 earnings estimates since the most recent print (4/28/2020). Continue reading “Industrials (top 30 weights) Earnings Estimates/Revisions”

Be in the know. 25 key reads for Sunday…

  1. Americans Hold Huge Pile of Cash That’s Key to Economic Recovery (Bloomberg)
  2. Boeing 737 MAX certification flight tests to begin Monday: sources (Fox Business)
  3. What The Black Death And Spanish Flu Tell Us (Podcast) (Bloomberg)
  4. The Word of the Day Is Cautious (Futures Mag)
  5. Well-Known Energy Companies Highlight Goldman Sachs Stocks to Buy Under $10 (24/7 Wall Street)
  6. Masks Could Help Stop Coronavirus. So Why Are They Still Controversial? (Wall Street Journal)
  7. Gilead is about to start trials of an inhaled version of Remdesivir (Gilead)
  8. Jim Cramer: Memo to Texas – No Mask, No Success, Period (TheStreet)
  9. Christmas in July: NASDAQ’s Mid-Year Rally (Almanac Trader)
  10. Pandemic Real Estate Boom? Medieval History Says Yes (Wall Street Journal)
  11. What Type Of Yacht Does Rande Gerber Escape To In The Summer? (Forbes)
  12. ECRI Weekly Leading Index Update (Advisor Perspectives)
  13. Bentley Rolls the Final Mulsanne Off the Production Line (Robb Report)
  14. John F. Kennedy’s Former Winter White House in Palm Beach Sells (Architectural Digest)
  15. This Reinforced 1971 Plymouth Road Runner Packs A V10 From A Viper (The Drive)
  16. The Donkervoort D8 GTO-JD70 Is an Absurdly Fast Dutch Roadster (Maxim)
  17. Old Drugs Could Reveal a New Way to Attack the Coronavirus (Wired)
  18. Will Ferrell’s Best Comedy in Years Is Here (The Atlantic)
  19. The people who get the best coaches aren’t the ones who need them most (Michael Lewis)
  20. The best rubs you can buy for grilled steak, chicken, pork and fish (CNET)
  21. Tesla Model Y – Jay Leno’s Garage (YouTube)
  22. ‘The Profit’ Host Marcus Lemonis on Bringing Small Businesses Back After Lockdown (Guest Column) (Variety)
  23. AstraZeneca makes another vaccine supply agreement (BioPharma)
  24. Credit managers race to hire distress experts (Pensions and Investments)
  25. Many Will Pay Later If the Government Doesn’t Borrow Freely Now (Barron’s)

Be in the know. 20 key reads for Saturday…

  1. 7 Beaten-Up Housing Stocks Poised For Growth (Barron’s)
  2. Continental Resources Founder Harold Hamm Bought Up the Oil Stock (Barron’s)
  3. ETF Fund Flows (ETF.com)
  4. Sterling has not become an emerging market currency (Financial Times)
  5. Berkshire Hathaway Is Now a Deep Value Stock (Guru Focus)
  6. Jeremy Siegel on the Stock Market Under Covid-19 (Bloomberg)
  7. Why You Feel At Home In A Crisis (Farnam Street)
  8. Boyar’s Presentation from The 2020 Contrarian Investment Conference (Boyar Value)
  9. Blank Check Company Backed by Former State Street Exec Eyeing Asset Management Deals (Institutional Investor)
  10. The US Marine Corps’ New Weapon Can Electrocute Targets from 100 Feet Away (Futurism)
  11. Jeremy Strong’s Succession Inspiration (Vanity Fair)
  12. Covid-19 Is a Puzzle That Wall Street Can’t Solve (Wall Street Journal)
  13. Gap will sell Kanye West’s Yeezy line (CNN Business)
  14. Nike’s COVID-related sales decline is a bump on the path to long-term growth, analysts say (MarketWatch)
  15. Opinion: These 5 giant stocks are driving the U.S. market now, but watch out down the road (MarketWatch)
  16. Amateur Traders Pile Into Asian Stocks, Making the Pros Nervous (Bloomberg)
  17. Markets Bombed, Investors Carried On (Wall Street Journal)
  18. Here are the key questions for the stock market heading into the second half of the year (CNBC)
  19. Meet Barron’s 25 Top CEOs (Barron’s)
  20. Magellan Midstream Has a Vital Pipeline Network and an Attractive Yield (Barron’s)