Be in the know. 15 key reads for Friday…

  1. Goldman Sees Room for S&P to Surpass 3,600 (Bloomberg)
  2. Interest Rates Are So Low, Buy Utility Stocks, Goldman Sachs Says (Barron’s)
  3. Harley-Davidson CEO Jochen Zeitz Scoops Up Stock (Barron’s)
  4. Bulls Still Like Lyft Stock After a Rotten Quarter and Negative Court Ruling (Barron’s)
  5. Las Vegas Sands Stock Can Rally 45%: Analyst (Barron’s)
  6. Intel Pushes Back on Concerns About Its Chip-Making Technology (Barron’s)
  7. A Field Guide to Covid-19 Vaccines and Antivirals (Barron’s)
  8. Yale Discriminated by Race in Undergraduate Admissions, Justice Department Says (Wall Street Journal)
  9. Bryant Park’s Piano Series Offers Hopeful Note to New Yorkers (Wall Street Journal)
  10. Electronics Spending Sends US Retail Sales Soaring (ZeroHedge)
  11. The U.S. has already invested billions on potential coronavirus vaccines. Here’s where the deals stand (CNBC)
  12. Locked Down and Loaded. The Energy Report (Price Group)
  13. An Analysis of “Testing Benjamin Graham’s net current asset value model” (Global Investing Insight)
  14. Cash Handouts Boost Bolsonaro’s Popularity Despite Virus Toll (Bloomberg)
  15. Brainard Says Fed Is Conducting E-Money Tests for Research (Bloomberg)

Unusual Options Activity – Invesco Mortgage Capital Inc. (IVR)

Data Source: barchart

Today some institution/fund purchased 1,894 contracts of Jan 2020 $4 strike calls (or the right to buy 189,400 shares of Invesco Mortgage Capital Inc. (IVR) at $4). The open interest was just 1,5359 prior to this purchase. Continue reading “Unusual Options Activity – Invesco Mortgage Capital Inc. (IVR)”

Be in the know. 10 key reads for Thursday…

  1. Gundlach, who called Trump’s 2016 election, predicts he’ll win again (Yahoo! Finance)
  2. The Gordon Gekko, “Gridlock is Good” Stock Market (and Sentiment Results)… (ZeroHedge)
  3. The Drain Game. The Energy Report by Phil Flynn (Price Group)
  4. Advisers Consider Whether Trump Can Cut Taxes Without Congress (New York Times)
  5. Stock-market futures perk up after weekly jobless claims put in first reading below 1 million in the pandemic era (MarketWatch)
  6. Inside the massive rotation rocking markets right now: Morning Brief (Yahoo! Finance)
  7. Why Nio Has A Shot At Becoming The ‘Tesla Of China’ (Benzinga)
  8. Stocks will soar 14% by the end of next year on unyielding optimism, long-standing bull Ed Yardeni says (Business Insider)
  9. Value stocks, which trade lowest to growth stocks since 2001, look like a smart play as the economy rebounds (MarketWatch)
  10. Trump wants stronger water flow in the shower — his Energy Department delivers (MarketWatch)

The Gordon Gekko, “Gridlock is Good” Stock Market (and Sentiment Results)…

Each week, I usually choose a song that embodies the theme of the Stock Market.  This week, I chose a character that Wall Street knows all too well, Gordon Gekko (from the 1987 classic film Wall Street).  Continue reading “The Gordon Gekko, “Gridlock is Good” Stock Market (and Sentiment Results)…”