- Gilead Sciences Is a ‘Top Pick.’ Analyst Says the Stock Can Rise 40%. (Barron’s)
- Hedge Fund and Insider Trading News: Tom Steyer, Visium Asset Management, Cat Rock Capital, Central Pacific Financial Corp. (CPF), Comfort Systems USA, Inc. (FIX), and More (Insider Monkey)
- U.S. Crude Draws Should Continue Into Year-End (Seeking Alpha)
- Weekly Market Summary (The Fat Pitch)
- Gilead Sciences Beats Second-Quarter Earnings Expectations (Barron’s)
- Wells Fargo Reaps a Windfall From Old Financial-Crisis Mortgages (Barron’s)
- Apple Stock Rallies as Earnings Top Estimates, Boosted by AirPods and Apple Watch (Barron’s)
- The Undeclared Currency War: How the ECB Is Forcing the Fed’s Hand (Wall Street Journal)
- Warren Buffett: This is the No. 1 mistake parents make when teaching kids about money (CNBC)
- China Says U.S. Trade Talks to Continue With September Meeting (Bloomberg)
- The Best Ice Cream Parlor in Every State (24/7 Wall Street)
- Humana Beats Q2 Earnings Forecast as Medicare Advantage Sign-Ups Accelerate (TheStreet)
European (Stoxx 600) Q2 Earnings Estimates still Positive Year on Year
Data Source: Thomson Reuters
While it’s still early in Q2 European Stoxx 600 reporting, estimates came down in the past few weeks. In contrast to 7/10/19, Stoxx 600 earnings are now expected to increase .6% year on year relative to .8% expectations on Continue reading “European (Stoxx 600) Q2 Earnings Estimates still Positive Year on Year”
Unusual Options Activity – Baidu, Inc. (BIDU)
Today some institution/fund purchased 698 contracts of Oct $130 strike calls (or the right to buy 69,800 shares of Baidu, Inc. (BIDU) at $130). The open interest was just 332 prior to this purchase. Continue reading “Unusual Options Activity – Baidu, Inc. (BIDU)”
Where is money flowing today?
Quote of the Day…
Hedge Fund Trade Tip (PCN) – Position Completion Notification
Be in the know. 10 key reads for Tuesday…
- Hedge Fund and Insider Trading News: Ray Dalio, Warlander Asset Management, Copper Street Capital, Avangrid Inc (AGR), Knowles Corp (KN), and More (InsiderMonkey)
- Trump warns China not to wait for 2020 U.S. election to make trade deal (Reuters)
- Uber Lays Off 400 as Profitability Doubts Linger After I.P.O. (New York Times)
- Incyte Earnings Crush Views With 188% Gain (Investor’s Business Daily)
- Dell’s Crown Jewel, With Thomas Lott (Podcast) (Seeking Alpha)
- D.R. Horton profit beats as lower home prices boost demand (Reuters)
- Goldman Sachs says S&P 500 bull-run has legs but cuts earnings outlook (StreetInsider)
- Porsche’s Battery-Powered Taycan on Track to Overtake 911 (Bloomberg)
- Merck shares climb 3.7% after earnings blow past estimates (MarketWatch)
- Berkshire Hathaway’s Earnings Are Saturday. Watch the Stock Buyback Number. (Barron’s)
Unusual Options Activity – Range Resources Corporation (RRC)
Today some institution/fund purchased 3,635 contracts of Dec $5 strike calls (or the right to buy 363,500 shares of Range Resources Corporation (RRC) at $5). The open interest was just 185 prior to this purchase. Continue reading “Unusual Options Activity – Range Resources Corporation (RRC)”
