Be in the know. 10 key reads for Monday…
- Hold Tight to Value Stocks. They May Be Set to Rise Soon. (Barron’s)
- U.S. Retail Sales Unexpectedly Fall; Prior Reading Revised Up (Bloomberg)
- 6 things successful people like Bill Gates and Jeff Bezos do on weekends to make their Mondays more productive (CNBC)
- China Purchases Could Undercut Trump’s Larger Trade Goal (New York Times)
- Things are suddenly looking a lot brighter for China’s manufacturing sector (Business Insider)
- ‘Fear of Missing Out’ Pushes Investors Toward Stocks (Wall Street Journal)
- Tesla, SpaceX CEO Elon Musk releases rap song: ‘RIP Harambe’ (USA Today)
- Costco Stock Is Trading Near a Record, and One Director Has Been Selling (Barron’s)
- The 5G Network Rollout And The 4th Industrial Revolution (Investor’s Business Daily)
- Private equity tricks mask mounting debt: ‘I’m 5 foot 8 inches, but I change the scale and make myself 6 foot 2 inches on a pro forma basis’ (Business Insider)
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Be in the know. 20 key reads for Sunday…
- The ETF Tax Dodge Is Wall Street’s “Dirty Little Secret” (Bloomberg)
- Artificial Intelligence Stocks To Buy And Watch Amid Rising AI Competition (Investor’s Business Daily)
- How the Dow Spinoff Could Unlock Value and Offer a Rich Dividend (Barron’s)
- Fed’s Quarles says more rate hikes could be ahead ‘at some point’ as economy improves (CNBC)
- The U.S. Military Is Hiring Palantir to Build Battlefield AI (Futurism)
- The Mueller report will be released to the public by mid-April (VOX)
- How Neurofeedback Is Revolutionizing Stress Management (Medium)
- A small child tried to fight Gritty (Mashable)
- What “Machiavellian” really means (Ted Talk)
- An Indicator In The Hand (NPR Planet Money)
- In the face of adversity, are you a Guernsey or a Brahman? (Farnam street)
- Theresa May’s Third Brexit Loss Closes More Doors (The New Yorker)
- The Trumpification of the Fed (Vanity Fair)
- George Dantzig: The real Will Hunting (Big Think)
- Military Tries Out Fish as Underwater Spies (Scientific American)
- Just say no? (The Irrelevant Investor)
- Why An MMT Advocate Became One of Its Loudest Critics (Podcast) (Bloomberg)
- Notable Investors Dump Micron on Bleak Outlook (Whale Wisdom)
- Even hedge funds investing in Lyft don’t believe in its long-term prospects (recode)
- 13 Strangest Unsolved Mysteries of the Art World (Reader’s Digest)
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Deal or no Deal?
Be in the know. 20 key reads for Saturday…
- Goldman Sachs Has 5 Top Energy Stocks to Buy With Huge Implied Upside24/7 Wall Street)
- Joshua Miller Discusses the Hot Hand Phenomenon (Podcast) (Bloomberg)
- Boston Dynamics’ New Warehouse Robot Threatens Millions Of Jobs (ZeroHedge)
- A Magician Explains Why We See What’s Not There (Nautilus)
- Hedge Funds Are ‘Impotent’ as Activists (Institutional Investor)
- Netflix: There’s Never Been a Riskier Time to Invest Than Now (TheStreet)
- Is DJIA-NASDAQ Monthly Divergence Bearish or Bullish? (Almanac Trader)
- White House Pushes Fed to Cut Interest Rates (Wall Street Journal)
- U.S. Trade Negotiators Take Aim at China’s Cybersecurity Law (Wall Street Journal)
- The Real Reason Porsche Ignitions Are Left of the Wheel (Wall Street Journal)
- 5 Ways To Be A More Positive Person (Forbes)
- Hedge Funds Have Never Been This Bullish On UnitedHealth Group Inc. (UNH) (Insider Monkey)
- Here Are the 27 Restaurants in France Rated Three Stars by Michelin (Robb Report)
- How a Google side project evolved into a $4B company (Tech Crunch)
- ECRI Weekly Leading Index Update: “GDP Data Tells You Nothing About Recession Risk” (Advisor Perspectives)
- Fundamental Analysis of the Oil Market (EconMatters)
- The Tiger and the Tragic Trick: Siegfried & Roy’s Animal Handler Breaks Silence on Mauling, Alleges Cover-Up (Hollywood Reporter)
- How This Billionaire Luxury Magnate Became One of the World’s Richest Men (Maxim)
- Week in review: How Trump’s policies moved stocks (TheFly)
- Global Bond-Market Investors Are Getting Really Nervous (Bloomberg)
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Q1 Estimates Drop Again. Setup to beat…
Data Source: FactSet
Q1 2019 earnings estimates have come down another 20 bps in the past week and (7.2%) since December 31, 2018. They are now expected to be -3.9% year on year (versus -3.7% last week). With expectations so low it is likely earnings will beat and run ~flat year on year. Continue reading “Q1 Estimates Drop Again. Setup to beat…”
Quote of the Day…
Be in the know. 7 key reads for Friday…
- Lyft, Inc. (LYFT) Prices 32.5M Share IPO at $72/Sh (Street Insider)
- U.S., China hold ‘constructive’ trade talks in Beijing (Reuters)
- Buffett on the economy: ‘It looks like things have slowed down’ (CNBC)
- The 5G Network Rollout And The 4th Industrial Revolution (Investor’s Business Daily)
- Buy Disney Stock Before Its Investor Day, Says Analyst (Barron’s)
- U.S. Consumer Spending Misses Forecasts as Inflation Eases (Bloomberg)
- The 4% Mortgage Is Back (Wall Street Journal)
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Unusual Options Activity – Knight-Swift Transportation Holdings Inc. (KNX)
Today some institution/fund purchased 25,065 contracts of August $35 strike calls (or the right to buy 2,506,500 shares of Knight-Swift Transportation Holdings Inc. (KNX) at $35). The open interest was just 679 prior to this purchase. Continue reading “Unusual Options Activity – Knight-Swift Transportation Holdings Inc. (KNX)”
AAII Sentiment Results: NO MAN’S LAND – Part Trois!
I focus on the AAII sentiment indicator when it is at true extremes. This week, the bullish sentiment moved back down to 33% from 37%. This is a neutral rating (not optimistic or excessively pessimistic). The Bearish Percent creeped up to 27% from 23% which is still pretty complacent until we see a move to the high 30s/low 40s. So while there is no euphoria on the side of the bulls, there is also very little fear and still a decent amount of complacency- hence NO MAN’S land part Trois!
The past 3 weeks of “No Man’s Land Parts un-trois” are also reflected in the indices which have basically gone nowhere in the month of March:
Here are the last two editions of “No Man’s Land:”
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