- Famed Bank analyst Dick Bove upgrades Wells Fargo to Buy, citing its ‘formidable presence’ (Seeking Alpha)
- GlaxoSmithKline and Sanofi Launch First Human Trial of Their Covid-19 Vaccine (Barron’s)
- The High-Yield Bond Market’s Distress Signals Are Fading (Barron’s)
- Warren Buffett and the Market That Foreign Money Forgot (Wall Street Journal)
- ‘No Time to Die’ trailer: Bond is finally back in action after COVID-19 delays (New York Post)
- Women of the Century: Recognizing the accomplishments of women from the last 100 years (USA Today)
- The Run DMC, “It’s Tricky” Stock Market (and Sentiment Results) (ZeroHedge)
- Initial Jobless Claims 881K vs 950K Expected (StreetInsider)
- AMC (AMC) says 70% of U.S. Circuit to Be Open by Friday, September 4 (StreetInsider)
- ‘That was awesome!’: David Blaine lands high-flying, live balloon ride above the Arizona desert (USA Today)
- Fed’s Daly urges more government spending to boost economy (Reuters)
- Billionaire investor Mario Gabelli explains ‘problem’ with Tesla stock (Yahoo! Finance)
- KKR homes in on Japan property as companies offload assets (Financial Times)
- Chinese EV Manufacturer Nio’s August Deliveries Jump 104% Year-Over-Year (Benzinga)
- Rules That Warren Buffett Lives By (Investopedia)
- This new company is buying brands like Modell’s and giving them new life online (New York Post)
- Market guru makes bold prediction about presidential election (New York Post)
- Crucial Test Results for Promising Covid Vaccines Due in Weeks (Bloomberg)
- Laura’s Last Attack. The Energy Report. (Price Group)
- Brazil PMIs show economic activity in August strongest since 2013, but services still lag (Reuters)
- Investors have little to lose, much to gain with these three unloved stocks, says contrarian manager (MarketWatch)
- Here are Bank of America’s ‘must-know’ market stats that show ‘epic polarization’ (MarketWatch)
- France reveals fresh stimulus worth 100 billion euros – almost 4% of its GDP and bigger than any other European economy. (Business Insider)
- Where ‘Abenomics’ Succeeded and Failed (Barron’s)
- Southwest May Be as Good as It Gets for Airlines, Analyst Says (Barron’s)
- Fed Beige Book Finds Modest Economic Growth (Wall Street Journal)
- Trump Administration Asks States to Be Ready for Vaccine by November (Wall Street Journal)
- What to Watch: With ‘Cobra Kai,’ a Middle-Aged Karate Kid Feud Has Become a Netflix Hit (Wall Street Journal)
- The 1918 Pandemic Was Deadlier, but College Football Continued. Here’s Why. (Wall Street Journal)
- Cable, Satellite Operators Place New Bets on 5G Airwaves (Wall Street Journal)
The Run DMC, “It’s Tricky” Stock Market (and Sentiment Results)…
This week I chose the classic 1987 rap song, “It’s Tricky” by Run DMC to embody the current status of the market. They lyrics are self-explanatory:
It’s Tricky, it’s Tricky (Tricky) Tricky (Tricky) Continue reading “The Run DMC, “It’s Tricky” Stock Market (and Sentiment Results)…”
Unusual Options Activity – Gilead Sciences, Inc. (GILD)
Data Source: barchart
Today some institution/fund purchased 1,102 contracts of June $100 strike calls (or the right to buy 110,200 shares of Gilead Sciences, Inc. (GILD) at $100). The open interest was just 465 prior to this purchase. Continue reading “Unusual Options Activity – Gilead Sciences, Inc. (GILD)”
Insider Buying in BioMarin Pharmaceutical Inc. (BMRN)
Where is money flowing today?
Tom Hayes – CNBC Indonesia Appearance – 9/1/2020
Be in the know. 20 key reads for Wednesday…
- Coronavirus live updates: Fauci says vaccine could be available earlier than expected (USA Today)
- Natural Gas Posts Biggest Monthly Gain Since 2009 (Barron’s)
- Mnuchin Says Economy Is Recovering but ‘More Work’ Is Needed to Alleviate Pain (New York Times)
- Buffett Seen Liberating His Successor With Not-So-Buffett Moves (Bloomberg)
- An outdoor swimming pool in England is using geothermal energy to keep bathers warm (CNBC)
- Mortgage demand from homebuyers is now 28% higher than last year (CNBC)
- Barron’s Daily: Moviegoing Is Back—and AMC Stock Is Gaining (Barron’s)
- Hedge Funds Ditched Tech, Health Care for Financials, Industrials (Barron’s)
- Indian Stocks Look Poised for a Strong Rebound. These 2 Sectors Should Do the Best. (Barron’s)
- This stock-market metric has correctly predicted presidential election results since 1984 (MarketWatch)
- Tasteful Serenity is the Goal of the New Rolls-Royce Ghost (Barron’s)
- Billionaire investor Daniel Loeb reverses losses with bets on Amazon, Disney and Alibaba (fn London)
- Bridgewater’s Risk-Parity Shift Jolts a $400 Billion Quant Trade (Bloomberg)
- Gilead Sciences (GILD), Jounce Therapeutics (JNCE) Announce Exclusive License Agreement for Novel Immunotherapy Program (Street Insider)
- Can Steve Cohen Fix America’s Health Care Problem? (Institutional Investor)
- U.S. and Global Factory Output Picks Up, but Jobs Picture Is Mixed (Wall Street Journal)
- Germany Expects V-Shaped Economic Rebound From Coronavirus (Wall Street Journal)
- Covid-19 Plasma Treatment Could Offer Even More Hope (Wall Street Journal)
- Why Factories Are So Strong in a Pandemic (Wall Street Journal)
- Real Estate Is Now About Location, Location, Isolation (Wall Street Journal)
Tom Hayes – Cheddar TV Appearance – 9/1/2020
Cheddar TV Appearance – Thomas Hayes – Chairman of Great Hill Capital – September 1, 2020