Be in the know. 5 key reads for Thursday…

  1. Hedge Fund and Insider Trading News: John Paulson, Kyle Bass, Tom Steyer, Wayfair Inc (W), Wyndham Destinations Inc (WYND), and More (Insider Monkey)
  2. Warren Buffett’s investing strategy helped one man turn $1,000 into $2 million (CNBC)
  3. Euro sinks as ECB’s Draghi slashes growth forecasts and announces cheap loans for banks (CNBC)
  4. COLUMN-Fed’s next move more likely to be a cut in interest rates: Kemp (Reuters)
  5.  Top Wall Street Strategist Turns Positive on 4 Leading Materials Stocks (24/7 Wall Street)

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Update on GE (Unusual Options Activity)

On January 31 we put out a post on “Unusual Options Activity” in GE (General Electric).  While there are many possible reasons for a fund putting on this size (sometimes just to hedge a long book), this was abnormal – which is why we flagged it.  Someone was worried about GE’s short term prospects and they were correct.  GE is down ~19.57% since Feb 25.  Here is the initial post:

Unusual Options Activity

Be in the know. 10 key reads for Wednesday…

  1. CenturyLink Backlash May Have Gone Too Far, Analyst Says: Barron’s
  2.  Forbes list: Bezos on top, Zuckerberg tumbles and Kylie Jenner makes history (New York Post)
  3. Facing Slowing Economic Growth, China’s Premier Promises Relief for Business (New York Times)
  4. China Won’t Make Big Concessions on Trade Deal, Ex-Minister Says (Bloomberg)
  5. GE shares tumble as CEO Culp says cash flow will be negative in 2019, power unit to struggle more (CNBC)
  6. Nio stock sinks, as investors spooked by earnings miss, delivery slowdown (MarketWatch)
  7. China’s February exports seen falling most in two years, imports down again: Reuters Poll (Reuters)
  8. Buy Ingersoll-Rand Stock Now, Goldman Sachs Says (Barron’s)
  9. For Many Girls, Figure Skating Loses Its Edge to Hockey (Wall Street Journal)
  10. Chevron, Exxon Mobil Tighten Their Grip on Fracking (Wall Street Journal)

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