Be in the know. 10 key reads for Thursday…
1. OPEC’s market share sinks – and no sign of wavering on supply cuts (Reuters)
2. Lumber Liquidators’ (LL) Founder Sullivan Seen Pushing for CEO Ouster – Sources (Street Insider)
3. Why This Jackson Hole Meeting Looks Like One of Best (Bloomberg)
4. Bianco: Powell Needs to Side With Markets at Jackson Hole (Bloomberg)
5. Uber’s Long Road to Profits (Wall Street Journal)
6. Costco Is the Most ‘Woke’ Company Out There (Barron’s)
7. Bank of America’s CEO has one simple reason why he doesn’t see a recession looming (MarketWatch)
8. Why Some Firms Say to Hold Out for an Emerging-Market Rebound (Wall Street Journal)
9. Mortgage Market Reopens to Risky Borrowers (Wall Street Journal)
10. Opinion: Milton Friedman on the Morality of the Free Market (Wall Street Journal)
AAII Sentiment Results: Pessimism Persists, Opportunity Abounds…
Last week we said sentiment was “As Good As it Gets” from a historical perspective to step in and buy. Continue reading “AAII Sentiment Results: Pessimism Persists, Opportunity Abounds…”
Unusual Options Activity – Fox Corporation (FOXA)
Today some institution/fund purchased 2,182 contracts of Jan 2020 $37 strike calls (or the right to buy 218,200 shares of Fox Corporation (FOXA) at $37). The open interest was just 503 prior to this purchase. Continue reading “Unusual Options Activity – Fox Corporation (FOXA)”
Unusual Options Activity – M&T Bank Corporation (MTB)
Where is money flowing today?
European (Stoxx 600) Q2 Earnings Estimates – Modest Uptick
Data Source: Thomson Reuters
European (Stoxx 600) Q2 earnings estimates ticked up .1% this week (to -2.6% from -2.7%). You can see last week’s results here:
Gold Miners Earnings Estimates/Revisions
In the spreadsheet above I have tracked the earnings estimates for the Gold Miner Sector ETF (GDX) top US holdings. Continue reading “Gold Miners Earnings Estimates/Revisions”
