Be in the know. 7 key reads for Friday…
- U.S. Growth of 3.2% Tops Forecasts on Trade, Inventory Boost (Bloomberg)
- Warren Buffett says Berkshire could buy back $100 billion stock: FT (CNBC)
- China’s Xi Signals Approval for Trump’s Trade War Demands (Bloomberg)
- Intel drops 7% after chipmaker projects a drop in revenue this year (CNBC)
- Amazon to give Prime customers one-day shipping, cutting free delivery time in half (MarketWatch)
- Hedge-fund billionaire Ray Dalio asked Bill Gates, Elon Musk, Reed Hastings and other top leaders to take a one-hour personality test — and they all scored low in one key area (Business Insider)
- Taylor Swift’s new pastel-drenched video for ‘ME!’ celebrates ‘you’re the only one of you’ (USA Today)
AAII Sentiment Survey Results Out. Back to the Abyss…
Two weeks ago we hit a bullish extreme that was burned through sideways (we are essentially flat over the last 2 weeks on the DOW/SPX – as of this morning – since the bullish extreme was hit): Continue reading “AAII Sentiment Survey Results Out. Back to the Abyss…”
Be in the know. 5 key reads for Thursday…
- Bristol-Myers Tops Q1 Earnings Estimate (Business Wire)
- Warren Buffett quietly moves to reshuffle Kraft Heinz board (NY Post)
- U.S. weekly jobless claims post biggest rise in 19 months (Reuters)
- Durable-goods orders grow at fastest rate in 7 months as business investment rebounds (MarketWatch)
- Wall Street Nears a Big Win in the Latest Revamp of Volcker Rule (Bloomberg)
Unusual Options Activity – Occidental Petroleum Corporation (OXY)
Today some institution/fund purchased 9,326 contracts of May $62.5 strike calls (or the right to buy 932,600 shares of Occidental Petroleum Corporation (OXY) at $62.5). The open interest was just 2,511 prior to this purchase. Continue reading “Unusual Options Activity – Occidental Petroleum Corporation (OXY)”
Time to buy Health Care Stocks?
On February 23, we put out the following article which anticipated a pullback in the Health Care sector. Now that the “Bullish Percent” indicator is back below 50 (as it had done in the historical examples outlined in this article), it may be time to add some health care exposure in selected names: Continue reading “Time to buy Health Care Stocks?”
Be in the know. 8 key reads for Wednesday…
- Occidental Petroleum (OXY) Confirms $76/Share Offer for Anadarko (APC), Topping Chevron (CVX) (Street Insider)
- Why 5 Lagging Health Care Giants May Be Incredible Buys Now (24/7 Wall Street)
- New round of U.S. tariffs a ‘modest’ hit for euro area: ECB (Reuters)
- You can find plenty of solid stock bargains in this year’s worst-performing sector, analyst says (MarketWatch)
- Texas Instruments Slips as Analysts Say Semi Recovery Needs Time (Bloomberg)
- Here’s How America Uses Its Land (Bloomberg)
- Bristol-Myers Squibb Reports Earnings Tomorrow. Here’s What to Expect. (Barron’s)
- What Tops Kraft Heinz’s Menu? Cost Cuts or Mac ‘n’ Cheese? (Wall Street Journal)
Unusual Options Activity – Pfizer Inc. (PFE)
Today some institution/fund purchased 54,409 contracts of Sept. $42 strike calls (or the right to buy 5,440,900 shares of Pfizer Inc. (PFE) at $42). The open interest was just 3,925 prior to this purchase. Continue reading “Unusual Options Activity – Pfizer Inc. (PFE)”
