Q2 Earnings looking UP…

Data Source: FactSet

As of July 12, Q2 estimates had been taken down to -3.0% expectations year on year.  With the banks having recorded earnings beats of 11-33% (year on year) this past week, things are looking up.  In just one week these estimates have jumped to -1.9% with only 16% of the S&P 500 reporting so far.  In other words, off to a strong start. Continue reading “Q2 Earnings looking UP…”

Be in the know. 11 key reads for Sunday…

  1. James Bond’s 1965 Aston Martin From ‘Goldfinger’ Is Going Up for Auction Next Month (Robb Report)
  2. The Fall and Rise of VR: The Struggle to Make Virtual Reality Get Real (Fortune)
  3. UBS predicts plant-based meat sales could grow by more than 25% a year to $85 billion by 2030 (Business Insider)
  4. Gold Rush 2.0 (NPR)
  5. What economists have gotten wrong for decades (VOX)
  6. How It Feels to Drive—and Crash—the First-Ever Mid-Engine Corvette (Wired)
  7. Blockchain: It’s About Customers, Not Cryptocurrencies (YPO)
  8. Mentalism, mind reading and the art of getting inside your head  (Ted)
  9. Are Central Banks Losing Their Big Bet? (Project Syndicate)
  10. Elon Musk’s Secretive Brain Tech Company Debuts a Sophisticated Neural Implant (Scientific American)
  11. Billionaire Chobani Founder Hamdi Ulukaya: To Be Truly Successful Break These 3 Stupid Business Rules (Inc.)

Be in the know. 19 key reads for Saturday…

  1. How Media Mogul John C. Malone Quietly Became America’s Largest Landowner (Maxim)
  2. Share Buybacks Surge in China (Wall Street Journal)
  3. Dividend Increases Are Expected From Oreo Maker Mondelez and 3 Others (Barron’s)
  4. The Big Obstacle on the Road to Electric Vehicles (Wall Street Journal)
  5. Toys R Us turns to tech to revive defunct chain (Financial Times)
  6. When Good Intentions Go Bad: My Interview with Social Psychologist Jonathan Haidt [The Knowledge Project Ep. #61] (Farnam Street)
  7. There Was Another Concert in 1969 That Changed Pop Music (Bloomberg)
  8. Ten Juicy Secrets About Restaurants I Learned Working as Nobu’s Maitre D’ (Bloomberg)
  9. Josh Brown: Sometimes the best returns come from CEOs you’ve never heard of (CNBC)
  10. ‘Top Gun 2’: Everything we know about ‘Maverick’ after Tom Cruise drops first trailer (USA Today)
  11. Buzz Aldrin and Neil Armstrong put a flag on the moon. Here’s what you can and can’t see in the iconic photo (USA Today)
  12. How Attorney General Bill Barr Built A $40 Million Fortune (Forbes)
  13. Hedge Fund Investor Letters 2019 Q2 (Insider Monkey)
  14. Hedge Fund and Insider Trading News: Anthony Scaramucci, Oaktree Capital Management, ICF International Inc (ICFI), Unit Corporation (UNT), Central Garden & Pet Co (CENT), and More (Insider Monkey)
  15. Allison Schrager Discusses Monetary Policy (Podcast) (Bloomberg)
  16. Does Human Behavior Move the Markets? (Goldman Sachs Exchanges)
  17. 100 Best Adventures in America on Public Lands (Men’s Journal)
  18. WeWork CEO Adam Neumann has reportedly cashed out of over $700 million ahead of its IPO (TechCrunch)
  19. A Design Lover’s Guide to Montreal (Architectural Digest)

Be in the know. 10 key reads for Friday…

  1. U.S.-China officials discuss trade; Mnuchin eyes possible in-person talks (Reuters)
  2. Low Prices Boost Hopes for Natural Gas (Barron’s)
  3. China will ease policy further, but saving big ammunition for potential shocks: sources (Reuters)
  4. Fed’s wisest strategy is to cut interest rates at first sign of economic distress, Williams says (MarketWatch)
  5. Boeing (BA) will record charge of $4.9 billion in connection with potential concessions to customers for disruptions related to 737 MAX grounding (StreetInsider)
  6. Distressed Debt Traders Have Tons of Cash and Nothing to Buy (Bloomberg)
  7. Ron Insana: Digitize the dollar faster and end the frenzy for fake money (CNBC)
  8. The new 2020 Corvette Stingray revealed. Guns for Ferrari with Chevy’s first mid-engine design (CNBC)
  9. The Fed’s $3.8 Trillion Balance Sheet Is Unlikely to Shrink More (Bloomberg)
  10. Trump Administration, Congress Have Agreed on ‘Top-Line’ Spending Levels, Mnuchin Says (Wall Street Journal)

Be in the know. 15 key reads for Thursday…

  1. Energy shares could double by 2020, so buy now, says contrarian investor (MartketWatch)
  2. Raymond James upgrades Apple on ‘increased conviction in a 5G iPhone’ (CNBC)
  3. Paradigm Shifts by Ray Dalio (LinkedIn)
  4. UnitedHealth lifts 2019 profit forecast after topping second-quarter estimates (MarketWatch)
  5. More Solid Bank Results: Morgan Stanley beats profit estimates as rising stocks benefit wealth management and fund business (CNBC)
  6. Mnuchin: Phone call on trade with China counterparts set for Thursday, ‘complicated issues’ remain (CNBC)
  7. Mnuchin says progress being made on debt limit deal (CNBC)
  8. There’s light at the end of the tunnel for small caps, analysts say (MarketWatch)
  9. Hedge Fund Beating S&P 500 on Stodgy Bets Goes All-In on Stocks (Bloomberg)
  10. Airline Profits Are Flying but Investors Don’t Care (Wall Street Journal)
  11. Frontier Markets Are on Sale — but It Could Be a Wild Ride (Barron’s)
  12. Here’s how the new Corvette Stingray could morph into a ‘fire-breathing monster’ (USA Today)
  13. Netflix Loses U.S. Subscribers as Price Increases Take a Toll (New York Times)
  14. Buy Luckin Coffee Stock Because Its Growth Story Is Still Going, Analyst Says (Barron’s)
  15. Texas Showdown Flares Up Over Natural-Gas Waste (Wall Street Journal)