Where is money flowing today?
Hedge Fund Trade Tip (PIN) – Position Idea Notification
Be in the know. 15 key reads for Friday…
- Apple sales, profits exceed expectations as Chinese market brightens (New York Post)
- The number of oil rigs in operation worldwide plunged in April, falling 22%. (Rig Count BH)
- ‘Burn. It. The. F#&!. Down.’ (Institutional Investor)
- Gilead says it can produce ‘several million’ rounds of remdesivir coronavirus treatments next year (CNBC)
- The U.S. Strategizes to Stabilize Oil Prices (Barron’s)
- Why It’s Time to Pick Winning Stocks (Barron’s)
- AbbVie tops earnings estimates, sticks with 2020 guidance (MarketWatch)
- Oil-Tanker Rates Crash as OPEC+ Cuts Near (Bloomberg)
- Oil traders turn to salt caves and train cars in storage crisis (Financial Times)
- Taco Bell Unveils At-Home Taco Kit Ahead Of Cinco De Mayo (Benzinga)
- Hard-hit energy companies’ bonds rise after Fed expands loan program (Yahoo! Finance)
- AstraZeneca and Oxford university agree deal to develop virus vaccine (Financial Times)
- Bill Gates thinks there are eight to 10 promising coronavirus vaccine candidates and one could be ready in as little as nine months. Business Insider)
- Get out! Populous cities lose appeal amid COVID (USA Today)
- Boeing borrows $25 billion instead of pursuing federal bailout amid coronavirus, 737 Max crises (USA Today)
My quotes in Kiplinger Thursday:
Thanks to Ellen Chang for including me in her article in Kiplinger today, “Sell in May and Go Away: Should You in 2020?”
Unusual Options Activity – Wells Fargo & Company (WFC)
Data Source: barchart
Today some institution/fund purchased 2,613 contracts of Jan 2022 $60 strike calls (or the right to buy 261,300 shares of Wells Fargo & Company (WFC) at $60). The open interest was 1,805 prior to this purchase. Continue reading “Unusual Options Activity – Wells Fargo & Company (WFC)”
Where is money flowing today?
Quoted in Reuters article Thursday:
Thanks to Chibuike Oguh for including me in his article on Reuters yesterday. You can find it here:
Click Here to View The Full Article on Reuters