Be in the know. 15 key reads for Saturday…

  1. Why now is the time to buy bank stocks (Yahoo! Finance)
  2. Fed’s Evans Sees Two Rate Cuts Needed This Year (Wall Street Journal)
  3. The Hottest Hands in Hedge Funds (Institutional Investor)
  4. Hedge Fund Investor Letters 2019 Q2 (Insider Monkey)
  5. This Pharma Company Is Set to Begin HIV Vaccine Trials ()
  6. Sisters of Swing (Vanity Fair)
  7. July Macro Update: Housing Remains The Weakest Link (The Fat Pitch)
  8. These are the stocks Wall Street analysts believe will lead the Dow to 28,000 (CNBC)
  9. Fly Intel: What to watch in first round of big bank earnings reports (TheFly)
  10. 2019 Midyear Roundtable: Where to Find Value Now (Barron’s)
  11. FTC approves roughly $5B privacy settlement with Facebook (TheFly)
  12. Mario Gabelli on the Charms of Trucks, Farm Equipment and the Atlanta Braves (Barron’s)
  13. J&J earnings preview: Wall Street is still optimistic despite company’s legal issues (MarketWatch)
  14. The Shale Boom in the Permian Is Slowing Down (Bloomberg)
  15. You Can Now Buy A 2020 Camaro With A Whopping 1,000 Horsepower, But There’s A Catch (Forbes)

 

Q2 Earnings Bar Lowered Again

Data Source: Factset

Q2 Earnings estimates have come down from -2.6% on June 30 to -3.0% today.  Downward revisions to estimates for companies in the Energy and Financials sectors were mainly responsible for the increase in the expected earnings decline during the week.  This compares with Q1 earnings which were estimated at -3.9% right before earnings season and finished flattish.  Continue reading “Q2 Earnings Bar Lowered Again”

Be in the know. 7 key reads for Friday…

  1. Expectations are low for bank earnings but investors say ‘buy’ (Reuters)
  2. Delta, Walgreens, and Fastenal Raise Their Dividends (Barron’s)
  3. 5 Stocks Poised to Raise Their Dividends Next Week (Barron’s)
  4. Deutsche Bank gets its first broker upgrade after mass restructure (CNBC)
  5. Japan cryptocurrency exchange loses $32 million of virtual money (New York Post)
  6. Trump says cryptocurrencies are too volatile, based on ‘thin air’ (New York Post)
  7. Massive Gamble on Soy Hoarding Pays Off for America’s Farmers (Bloomberg)

 

Unusual Options Activity – Dell Technologies Inc. (DELL) – Part Deux

Today some institution/fund purchased 2,601 contracts of Oct. $70 strike calls (or the right to buy 260,100 shares of Dell Technologies Inc. (DELL) at $70). The open interest was 1,310 prior to this purchase.  This is the second time in 2 days that this name has popped up:

Unusual Options Activity – Dell Technologies Inc. (DELL)

Continue reading “Unusual Options Activity – Dell Technologies Inc. (DELL) – Part Deux”