- The MyRaceHorse app makes it possible to buy a minority stake in race horses (New York Post)
- Why Wages Are Finally Rising, 10 Years After the Recession (New York Times)
- ‘We would like to get to yes:’ Lawmakers signal growing concern on Trump’s Mexico-Canada trade deal (USA Today)
- Euro-Area Inflation Accelerates After String of Upbeat Data (Bloomberg)
- Buffett Finally Embraces Amazon as Berkshire Acquires Stake (Bloomberg)
- At Milken, investors place their late-cycle bets (Financial News)
- Bristol-Myers upgraded to Overweight from Equal Weight at Barclays. (TheFly)
- Highest Paid CEOs at America’s Largest Companies (24/7 Wall Street)
- Amazon Keeps Hitting Trucking Stocks. But It’s Not Actually a Threat. (Barron’s)
- Buffett’s 2,472,627% Return Fueled Berkshire Billionaire Families (Bloomberg)
Where is money flowing today?
Unusual Options Activity – DowDuPont Inc. (DWDP)
Today some institution/fund purchased 13,014 contracts of June $37.50 strike calls (or the right to buy 1,301,400 shares of DowDuPont Inc. (DWDP) at $37.50). The open interest was just 683 prior to this purchase. Continue reading “Unusual Options Activity – DowDuPont Inc. (DWDP)”
Insider Buying in Range Resources Corporation (RRC)
Biotech (top 30 weights) Earnings Estimates/Revisions
In the spreadsheet above I have tracked the earnings estimates for the Nasdaq Biotech ETF (IBB) top 30 weighted stocks. The column under the date 5/2/2019 has a letter that represents the movement in 2019 earnings Continue reading “Biotech (top 30 weights) Earnings Estimates/Revisions”
Hedge Fund Trade Tip (PIN) – Position Idea Notification
AAII Sentiment Survey Results Out. At/Near Extreme Levels…
This week, bullishness came in at 39.02% which is near an extreme (I look for reads at or above 40 as potential triggers). Bearishness is still at historic lows – coming in at 21.34% (I look for reads below 30). Continue reading “AAII Sentiment Survey Results Out. At/Near Extreme Levels…”
Be in the know. 10 key reads for Thursday…
- Allianz’s Mohamed El-Erian: When central banks don’t understand the markets, watch out (MarketWatch)
- Berkshire Hathaway shares are trailing the S&P 500 over the last one, five, 10 and 15 years (CNBC)
- Dalio Says Something Like MMT Is Coming, Whether We Like It Or Not (Bloomberg)
- Get ready for an IPO bonanza. These 16 companies are set to go public in the next 9 days. (Business Insider)
- U.S. Fed sees no strong case for hiking or cutting rates (Reuters)
- Here’s what New Yorkers think about the Impossible Burger (New York Post)
- 3 Health-Care Stocks With Growing Dividends (Barron’s)
- These 2 Drug Giants Just Topped Earnings Views (Investor’s Business Daily)
- CVS Shares Are on the Mend (Wall Street Journal)
- Tesla offers $650M of shares, $1.35B of notes to ‘strengthen’ balance sheet (TheFly)
Hedge Fund Trade Tip (PIN) – Position Idea Notification
Unusual Options Activity – Novo Nordisk A/S (NVO)
Today some institution/fund purchased 5,081 contracts of September $55 strike calls (or the right to buy 508,100 shares of Novo Nordisk A/S (NVO) at $55). The open interest was just 520 prior to this purchase. Continue reading “Unusual Options Activity – Novo Nordisk A/S (NVO)”