In the spreadsheet above I have tracked the earnings estimates for the Consumer Discretionary Sector ETF (XLY) top 30 weighted stocks. The column under the date 7/22/2019 has a letter that represents the movement Continue reading “Consumer Discretionary (top 30 weights) Earnings Estimates/Revisions”
Be in the know. 8 key reads for Monday…
- Central Banks Are in Sync on Need for Fresh Stimulus (Wall Street Journal)
- Fight the Fed With These Three Regional Bank Stocks (Barron’s)
- The Biggest Investing Bet on Tech Is Cheap—and Controversial (Barron’s)
- Safe Deposit Boxes Aren’t Safe (New York Times)
- Why Weak Corporate Earnings Don’t Signal a Weak Economy (Wall Street Journal)
- Why Stocks Are Still the Best Investment, Even After a 10-Year Run (Barron’s)
- A Karate Master’s Secret Weapon: Ping Pong (Wall Street Journal)
- A Reality Check for Solar and Wind (Wall Street Journal)
Q2 Earnings looking UP…
Data Source: FactSet
As of July 12, Q2 estimates had been taken down to -3.0% expectations year on year. With the banks having recorded earnings beats of 11-33% (year on year) this past week, things are looking up. In just one week these estimates have jumped to -1.9% with only 16% of the S&P 500 reporting so far. In other words, off to a strong start. Continue reading “Q2 Earnings looking UP…”
Be in the know. 11 key reads for Sunday…
- James Bond’s 1965 Aston Martin From ‘Goldfinger’ Is Going Up for Auction Next Month (Robb Report)
- The Fall and Rise of VR: The Struggle to Make Virtual Reality Get Real (Fortune)
- UBS predicts plant-based meat sales could grow by more than 25% a year to $85 billion by 2030 (Business Insider)
- Gold Rush 2.0 (NPR)
- What economists have gotten wrong for decades (VOX)
- How It Feels to Drive—and Crash—the First-Ever Mid-Engine Corvette (Wired)
- Blockchain: It’s About Customers, Not Cryptocurrencies (YPO)
- Mentalism, mind reading and the art of getting inside your head (Ted)
- Are Central Banks Losing Their Big Bet? (Project Syndicate)
- Elon Musk’s Secretive Brain Tech Company Debuts a Sophisticated Neural Implant (Scientific American)
- Billionaire Chobani Founder Hamdi Ulukaya: To Be Truly Successful Break These 3 Stupid Business Rules (Inc.)
Be in the know. 19 key reads for Saturday…
- How Media Mogul John C. Malone Quietly Became America’s Largest Landowner (Maxim)
- Share Buybacks Surge in China (Wall Street Journal)
- Dividend Increases Are Expected From Oreo Maker Mondelez and 3 Others (Barron’s)
- The Big Obstacle on the Road to Electric Vehicles (Wall Street Journal)
- Toys R Us turns to tech to revive defunct chain (Financial Times)
- When Good Intentions Go Bad: My Interview with Social Psychologist Jonathan Haidt [The Knowledge Project Ep. #61] (Farnam Street)
- There Was Another Concert in 1969 That Changed Pop Music (Bloomberg)
- Ten Juicy Secrets About Restaurants I Learned Working as Nobu’s Maitre D’ (Bloomberg)
- Josh Brown: Sometimes the best returns come from CEOs you’ve never heard of (CNBC)
- ‘Top Gun 2’: Everything we know about ‘Maverick’ after Tom Cruise drops first trailer (USA Today)
- Buzz Aldrin and Neil Armstrong put a flag on the moon. Here’s what you can and can’t see in the iconic photo (USA Today)
- How Attorney General Bill Barr Built A $40 Million Fortune (Forbes)
- Hedge Fund Investor Letters 2019 Q2 (Insider Monkey)
- Hedge Fund and Insider Trading News: Anthony Scaramucci, Oaktree Capital Management, ICF International Inc (ICFI), Unit Corporation (UNT), Central Garden & Pet Co (CENT), and More (Insider Monkey)
- Allison Schrager Discusses Monetary Policy (Podcast) (Bloomberg)
- Does Human Behavior Move the Markets? (Goldman Sachs Exchanges)
- 100 Best Adventures in America on Public Lands (Men’s Journal)
- WeWork CEO Adam Neumann has reportedly cashed out of over $700 million ahead of its IPO (TechCrunch)
- A Design Lover’s Guide to Montreal (Architectural Digest)
Be in the know. 10 key reads for Friday…
- U.S.-China officials discuss trade; Mnuchin eyes possible in-person talks (Reuters)
- Low Prices Boost Hopes for Natural Gas (Barron’s)
- China will ease policy further, but saving big ammunition for potential shocks: sources (Reuters)
- Fed’s wisest strategy is to cut interest rates at first sign of economic distress, Williams says (MarketWatch)
- Boeing (BA) will record charge of $4.9 billion in connection with potential concessions to customers for disruptions related to 737 MAX grounding (StreetInsider)
- Distressed Debt Traders Have Tons of Cash and Nothing to Buy (Bloomberg)
- Ron Insana: Digitize the dollar faster and end the frenzy for fake money (CNBC)
- The new 2020 Corvette Stingray revealed. Guns for Ferrari with Chevy’s first mid-engine design (CNBC)
- The Fed’s $3.8 Trillion Balance Sheet Is Unlikely to Shrink More (Bloomberg)
- Trump Administration, Congress Have Agreed on ‘Top-Line’ Spending Levels, Mnuchin Says (Wall Street Journal)
Where is money flowing today?
Unusual Options Activity – YY Inc. (YY)
Today some institution/fund purchased 500 contracts of January $60 strike calls (or the right to buy 50,000 shares of YY Inc. (YY) at $60). The open interest was just 114 prior to this purchase. Continue reading “Unusual Options Activity – YY Inc. (YY)”
Insider Buying in Comstock Resources, Inc. (CRK)
Jerry Jones – Owner of the Dallas Cowboys – (Blue Star Exploration Corp) put up $475M of his own money to do a deal in the Natural Gas Space with Comstock Resources (CRK) (2 articles explain the deal): Continue reading “Insider Buying in Comstock Resources, Inc. (CRK)”
