Be in the know. 20 key reads for Friday…

  1. Why Mega-Cap Defense Stocks May Be the Best Idea for the Rest of 2020 (24/7 Wall Street)
  2. Employment in U.S. Increased by More Than Forecast in July (Bloomberg)
  3. Berkshire Hathaway Showing Signs of an Appetite Ahead of Earnings Report (Bloomberg)
  4. Schlumberger Stock Has Tumbled, but Director Mark Papa Just Scooped Up Shares (Barron’s)
  5. NYSE Owner Buys Mortgage-Software Firm Ellie Mae From Thoma Bravo for $11 Billion (Barron’s)
  6. Trump Order Targets Chinese Internet Giants TikTok, WeChat (Barron’s)
  7. A Covid Vaccine Could Be Ready Sooner Than You Think (Barron’s)
  8. Costco Same-Store Sales Climbed Again in July (Barron’s)
  9. A bullish ‘golden cross’ forms in the Dow industrials (MarketWatch)
  10. Meet Kanye West’s presidential running mate, Michelle Tidball (New York Post)
  11. Europe’s banks surprise markets with a strong quarter. (CNBC)
  12. OPEC’s second largest member just made its biggest commitment to curb crude production this month (Business Insider)
  13. People Are Flying Again—But Only for Cheap Vacations (Wall Street Journal)
  14. Pfizer (PFE) Announces Agreement with Gilead (GILD) to Manufacture Remdesivir for Treatment of COVID-19 (Street Insider)
  15. Rocket Companies jumps as much as 26% in its first day of public trading (Business Insider)
  16. Billionaire investor Howard Marks says the Fed’s emergency relief efforts saved the US from depression — but warns of long-term inflationary risk (Business Insider)
  17. Why the best way to play an economic recovery is to load up on industrial stocks, according to a Wall Street stock chief (Business Insider)
  18. New York exodus accelerating at ‘substantial’ pace, local movers say (Fox Business)
  19. New York City Comedy Clubs Move Laughs Outdoors (Wall Street Journal)
  20. Power Outages From Tropical Storm Isaias Could Last for Days (Wall Street Journal)

Be in the know. 20 key reads for Thursday…

  1. Better than Expectations: U.S. weekly jobless claims total 1.186 million, vs 1.423 million expected (CNBC)
  2. White House threatens executive action if it fails to reach coronavirus relief deal with Democrats (CNBC)
  3. Here’s How Congress Could Cripple a Faltering Recovery (Barron’s)
  4. President Trump Says He Supports Additional $25 Billion in Aid to Airline Industry (Barron’s)
  5. Novavax Stock Soars. Analysts Say Its Covid-19 Vaccine Might Be the Best. (Barron’s)
  6. Most S&P 500 Companies Have Reported Second-Quarter Earnings. Here’s What We’ve Learned So Far. (Barron’s)
  7. The market is underpricing the possibility of a vaccine, Goldman Sachs strategists say (MarketWatch)
  8. Brazil central bank cuts key rate to record low (MarketWatch)
  9. Oil Stocks are Surprising Winners (Barron’s)
  10. Millennials are snatching up ‘cheap old houses’ via Instagram (New York Post)
  11. Quicken Loans Parent Prices IPO at $18 (Wall Street Journal)
  12. Instagram’s Short-Video Feature Reels Debuts in U.S. as Threats to TikTok Mount (Wall Street Journal)
  13. Teva Pharmaceutical: Value at Last (Wall Street Journal)
  14. Deadline Nears for Stimulus Talks With Wide Gap Between Parties (Bloomberg)
  15. Barclays analyst breaks down why Pioneer is a top pick in the slumping oil sector (Business Insider)
  16. Why Devon Energy Stock Could Rise Another 50% to 75% Higher Into 2021 (24/7 Wall Street)
  17. COVID-19 vaccine approval could stall tech stocks boom: Goldman (Reuters)
  18. HollyFrontier posts smaller-than-feared loss as demand picks up (Reuters)
  19. States demand Iasias response probes as nearly 2 million are still without power (Fox Business)
  20. Jeff Bezos Sells Another $3B Worth Of Amazon Shares (Benzinga)

The Tim McGraw, “I Like It, I Love It” Stock Market (and Sentiment Results)…

This week I chose Country Legend Tim McGraw’s song, “I Like It, I Love It” to embody the current sentiment of the Stock Market.  While anyone who has been around knows – it can change on a dime – right now, market participants are enjoying the ride and singing along:

But I like it, I love it, I want some more of it
I try so hard, I can’t rise above it… Continue reading “The Tim McGraw, “I Like It, I Love It” Stock Market (and Sentiment Results)…”