- Happy birthday, Gordon Gekko (MarketWatch)
- Warren Buffett’s Case for Capitalism (DealBook)
- Trump Threatens China With More Tariffs Ahead of Final Trade Talks (New York Times)
- China trade team still preparing to go for talks after Trump cranks up pressure (Reuters)
- Buffett says Berkshire plans to ‘put a lot of money’ into energy (MarketWatch)
- Biogen Stock Is Near a Multiyear Low. The CEO and a Hedge Fund Bought Millions. (Barron’s)
- Warren Buffett Talks Buybacks, Succession, Bitcoin, and 5G at the Berkshire Annual Meeting ()
Be in the know. 14 key reads for Sunday…
- How A Professional Poker Player ‘Reads’ Competitors (Podcast) (Bloomberg)
- Stanley Kubrick showed that perfectionism pays off (The Economist)
- The Ruthless, Secretive, and Sometimes Seedy World of Hedge Fund Private Investigators (Institutional Investor)
- 12 Habits Of Genuine People (Forbes)
- Hedge Fund and Insider Trading News: Carl Icahn, Anthony Scaramucci, Paul Singer, Glenview Capital, BlueMountain Capital, Hasbro Inc (HAS), Steelcase Inc. (SCS), and More (Insider Monkey)
- American Riviera: A Summer Guide to Santa Barbara and Beyond (Robb Report)
- This Man Built a $64 Million Chateau in the South of France. Now, He Has to Tear It Down (Robb Report)
- Silicon Valley (unverified) Rumors: Apple Project Titan Staff Spotted At NIO (TheLastDriverLicenseHolder)
- T. Rowe Price: Chapter 9 – The Growth Stock Theory (Value Walk)
- ECRI Weekly Leading Index Update: (Advisor Perspectives)
- Why Tom Brady Is Absolutely the Greatest Quarterback of All Time (Maxim)
- Why Do People Drink Mint Juleps at the Kentucky Derby? (Mental Floss)
- 7 big thoughts from Warren Buffett during annual Berkshire Hathaway meeting (USA Today)
- ‘SNL’: Adam Sandler Returns With Songs (NBC)
Be in the know. 10 key reads for Saturday…
- The No. 1 job billionaires and multimillionaires held before they got rich MarketWatch
- Futuristic Robot Farm Begins Selling Its First Produce (Futurism)
- Worried About the Economy? These CEOs Aren’t (Bloomberg)
- Warren Buffett wants to invest in Britain. Is that a good idea? (CNN)
- Charlize Theron and Seth Rogen Are Charming Enough in Long Shot (Vanity Fair)
- Job Growth Underscores Economy’s Vigor; Unemployment at Half-Century Low (New York Times)
- Charlie Munger is Warren Buffett’s right-hand man — here are 18 of his most brilliant quotes (Business Insider)
- 3 Takeover Scenarios That Could Boost Occidental’s Stock (Barron’s)
- Carl Icahn Has Built a Small Position in Occidental (Bloomberg)
- North Korea launched ‘several unidentified short-range projectiles,’ South Korean military says (CNBC)
Hedge Fund Trade Tip (PIN) – Position Idea Notification
Hedge Trade Fund Tip (PCN) – Position Completion Notification
Q1 Earnings Better and Better…
Data Source: Factset
This was a big week for earnings. Q1 earnings estimates bumped up again from -2.3% last week to -0.8% today. This puts a flat to positive year on year result on the table. We’re at a 76% beat rate which is above the long term average. Continue reading “Q1 Earnings Better and Better…”
Where is money flowing today?
Unusual Options Activity – Freeport-McMoRan Inc. (FCX)
Today some institution/fund purchased 11,087 contracts of June $13 strike calls (or the right to buy 1,108,700 shares of Freeport-McMoRan Inc. (FCX) at $13). The open interest was 8,951 prior to this purchase. Continue reading “Unusual Options Activity – Freeport-McMoRan Inc. (FCX)”
Insider Buying in Texas Roadhouse, Inc. (TXRH)
Basic Materials Sector (XLB) – Earnings Estimates/Revisions
In the spreadsheet above I have tracked the earnings estimates for the Basic Materials Sector ETF (XLB). I have columns for what the 2019 and 2020 estimates were: 4/3/2019 and today 5/3/2019. The column Continue reading “Basic Materials Sector (XLB) – Earnings Estimates/Revisions”