Be in the know. 10 key reads for Tuesday…
- Hedge Fund and Insider Trading News: Ken Griffin, Edward Lampert, Marathon Asset Management, Chubb Limited (CB), Continental Resources Inc. (CLR), and More (Insider Monkey)
- Why Breaking Up Big Tech Could Actually Be Good for Investors (Barron’s)
- Jefferies Top Value Buys (24/7 Wall Street)
- Stock futures rise after Bullard boosts rate cut hopes (Reuters)
- China urges dialogue, negotiation to solve trade row with S. (Reuters)
- NHL: Blues down Bruins 4-2 to even Stanley Cup Finals (Reuters)
- Amgen’s Good News on Lung Cancer Boosted Mirati Therapeutics. Here’s What Wall Street Is Saying. (Barron’s)
- CVS turning 1,500 stores into HealthHUB locations with less retail, more health care (USA Today)
- The Mall Meltdown Continues (Wall Street Journal)
- Artist, Icon, Billionaire: How Jay-Z Created His $1 Billion Fortune (Forbes)
Where did money flow today?
Unusual Options Activity – Marathon Petroleum Corporation (MPC)
Today some institution/fund purchased 13,235 contracts of January $8 strike calls (or the right to buy 1,323,500 shares of Marathon Petroleum Corporation (MPC) at $80). The open interest was just 550 prior to this purchase. Continue reading “Unusual Options Activity – Marathon Petroleum Corporation (MPC)”
Insider Buying in Teva Pharmaceutical Industries Limited (TEVA)
Hedge Fund Trade Tip (PIN) – Position Idea Notification
Retail Earnings Estimates/Revisions
In the spreadsheet above I have tracked the earnings estimates for the Retail Sector ETF (XRT) top 30 weighted stocks. Continue reading “Retail Earnings Estimates/Revisions”
Be in the know. 5 key reads for Monday…
- US, Mexico officials to begin talks over tariffs, border (USA Today)
- Here Are the Most Interesting Items in China’s Trade White Paper (Bloomberg)
- Trump just took his trade battle to a new front — and now traders are more sure than ever that the Fed is going to cut rates (Business Insider)
- China, Mexico Signal Willingness to Step Up Trade Talks With U.S. (Wall Street Journal)
- Andy Ruiz Jr. eats candy bars before his fights and was taunted about his weight. He answered with a shocking knockout win over Anthony Joshua. (Wall Street Journal)
Q1 EPS dramatically exceeds expectations. Q2 estimates holding strong.
Source: Factset
Despite all of the negativity around trade, earnings came in strong for Q1 and forward estimates have held up. The forward multiple is now down to 15.9x (below the 5 year average of 16.5x). Continue reading “Q1 EPS dramatically exceeds expectations. Q2 estimates holding strong.”
Be in the know. 10 key reads for Sunday…
- China Says It Doesn’t Want to Replace U.S. as ‘Boss of World’ (Bloomberg)
- Mexico’s Economy Minister to meet Wilbur Ross over U.S. tariff threat (Reuters)
- Beyond the China-U.S. Trade War (Ray Dalio)
- Episode 917: Quit Threat! (NPR Planet Money)
- The renaissance of Neapolitan pizza (Economist)
- Driving Formula E’s game-changing electric racecar (The Verge)
- Business Booms & Depressions: 1775-1943 (A Wealth of Common Sense)
- Reid Hoffman: ‘You Can’t Just Sit on the Sidelines’ (New York Times)
- Mansion Bust: Hamptons Estate Sells For 46% Discount ZeroHedge)
- China securities regulator says trade war impact on markets is controllable (Reuters)