- US, Mexico officials to begin talks over tariffs, border (USA Today)
- Here Are the Most Interesting Items in China’s Trade White Paper (Bloomberg)
- Trump just took his trade battle to a new front — and now traders are more sure than ever that the Fed is going to cut rates (Business Insider)
- China, Mexico Signal Willingness to Step Up Trade Talks With U.S. (Wall Street Journal)
- Andy Ruiz Jr. eats candy bars before his fights and was taunted about his weight. He answered with a shocking knockout win over Anthony Joshua. (Wall Street Journal)
Q1 EPS dramatically exceeds expectations. Q2 estimates holding strong.
Source: Factset
Despite all of the negativity around trade, earnings came in strong for Q1 and forward estimates have held up. The forward multiple is now down to 15.9x (below the 5 year average of 16.5x). Continue reading “Q1 EPS dramatically exceeds expectations. Q2 estimates holding strong.”
Be in the know. 10 key reads for Sunday…
- China Says It Doesn’t Want to Replace U.S. as ‘Boss of World’ (Bloomberg)
- Mexico’s Economy Minister to meet Wilbur Ross over U.S. tariff threat (Reuters)
- Beyond the China-U.S. Trade War (Ray Dalio)
- Episode 917: Quit Threat! (NPR Planet Money)
- The renaissance of Neapolitan pizza (Economist)
- Driving Formula E’s game-changing electric racecar (The Verge)
- Business Booms & Depressions: 1775-1943 (A Wealth of Common Sense)
- Reid Hoffman: ‘You Can’t Just Sit on the Sidelines’ (New York Times)
- Mansion Bust: Hamptons Estate Sells For 46% Discount ZeroHedge)
- China securities regulator says trade war impact on markets is controllable (Reuters)
What would you do here?
If you had to use this one indicator to make a buy or sell decision on the market Monday, what would you do?
Vote and see poll results here:
If you had to use this one indicator to make a buy or sell decision on the market Monday, what would you do? Click to see chart of indicator: https://t.co/z1Qz4EaEU1
— T.J. Hayes (@HedgeFundTips) June 1, 2019
Be in the know. 20 key reads for Saturday…
- The Justice Department is preparing a potential antitrust investigation of Google (Washington Post)
- Bristol-Myers’ Impending Acquisition of Celgene Leaves Analysts Skeptical (Barron’s)
- Broadcom Stock Has Been Battered. Here’s Why It’s Now a Buy. (Barron’s)
- An Inverted Yield Curve Is Usually Scary. Not This Time. (Barron’s)
- Carl Icahn Is Taking On Occidental Petroleum. Why That’s Good for the Stock. (Barron’s)
- Sorry, Amazon. Kim Kardashian Is Now a Store (Bloomberg)
- China to Lay out Trade-Talk Position on Sunday in Beijing (Bloomberg)
- Advice to Hamptons Luxury Home Buyers: Be ‘Picky and Patient’ (Bloomberg)
- Investors who were hoping Trump would rescue the stock market are now counting on the Fed (CNBC)
- Everyone is asleep on these 17 stocks. One Wall Street firm says you should buy them right now to crush the market. (Business insider)
- 1Q Corporate Results: 3% Earnings Growth Expected In 2019 (The Fat Pitch)
- “The Numbers Are Fucked Up”: The Endeavor IPO Makes No Sense—Except as a Monument to Ari Emanuel’s Talent (Vanity Fair)
- Fracking With CO2 Instead of Water Is Greener, Say Researchers (Futurism)
- DJIA and S&P 500 Up Six Straight on June’s First Trading Day
- Hedge Fund and Insider Trading News: David Einhorn, Eddie Lampert, D.E. Shaw, Marathon Asset Management, Angelo Gordon, Intrexon Corp (XON), Enservco Corp (ENSV), and More (Insider Monkey)
- Ferrari’s Most Powerful Car Ever Is Here—and It’s a Hybrid Stunner (Robb Report)
- 5 Places Art and Design Lovers Should Visit in June 2019 (Architectural Digest)
- ‘On The Rocks’ is a Stunning Beach House Perched High Above The Pacific Coast (Maxim)
- Scott Galloway Discusses the Algebra of Happiness (Podcast) (Bloomberg)
- Classic Drive-In Restaurants Well Worth the Trip (Wall Street Journal)
Be in the know. 10 key reads for Friday…
- Fed May Consider Lower Rates if Inflation and Global Risks Worsen (New York Times)
- Trump to Impose Tariff of Up to 25% on Mexico Over Migrants (Bloomberg)
- How New Wealth, Few Rules Fuel Family Office Boom (Bloomberg)
- Dow stock Intel could see sharp rebound after worst month in nearly a decade (CNBC)
- Trade issues ‘won’t cause a bear market’ as U.S. economy is in ‘very good shape, says Blackstone’s Wien (MarketWatch)
- Feel Free to Gush About Natural Gas (Wall street Journal)
- Carl Icahn Sues Occidental, Calling $38 Billion Anadarko Deal ‘Fundamentally Misguided’ (Wall Street Journal)
- German Yields Set New Sub-Zero Record as Haven Seekers Rush In (Bloomberg)
- Stifel Says Energy Stocks Are Historically Cheap With Huge Upside Potential (24/7 Wall Street)
- Piper upgrades Kraft Heinz to Neutral, says risks priced in (TheFly)
Where did money flow today?
Unusual Options Activity – Las Vegas Sands Corp. (LVS)
Today some institution/fund purchased 7,067 contracts of January $57.5 strike calls (or the right to buy 706,700 shares of Las Vegas Sands Corp. (LVS) at $57.5). The open interest was just 1,465 prior to this purchase. Continue reading “Unusual Options Activity – Las Vegas Sands Corp. (LVS)”
Insider Buying in California Resources Corporation (CRC)
Technology Earnings Estimates/Revisions
In the spreadsheet above I have tracked the earnings estimates for the Technology Sector ETF (XLK) top 30 weighted stocks. Continue reading “Technology Earnings Estimates/Revisions”