- The Fed May Have Shrunk Its Balance Sheet Too Quickly (Barron’s)
- A Nudge From Dan Loeb Could Pay Dividends for Sony (Wall Street Journal)
- Juice for China’s Economy Is Coming (Wall Street Journal)
- United States and China suspend intellectual property litigation at WTO (Reuters)
- St. Louis Blues Break NHL Sales Record After Winning Stanley Cup (Bloomberg)
- An entrepreneur who interviewed 21 billionaires says the same 6 habits helped make all of them successful (Business Insider)
- 600-plus US companies urge Trump to end China tariffs (Washington Examiner)
Unusual Options Activity – Western Digital Corporation (WDC)
Today some institution/fund purchased 26,247 contracts of Jan $55 strike calls (or the right to buy 2,624,700 shares of Western Digital Corporation (WDC) at $39). The open interest was just 1,525 prior to this purchase. Continue reading “Unusual Options Activity – Western Digital Corporation (WDC)”
Where is money flowing today?
MASSIVE Insider Buying in Occidental Petroleum Corporation (OXY)
Hedge Fund Trade Tip (PMN) – Position Management Notification
AAII Sentiment Survey Results Still Favor Bulls (Even After Bounce)
In the last 2 weeks we talked about fading pessimism and buying stocks. Even after the big bounce we got in the market following the extreme pessimism, there is still skepticism in the market. This bodes well for continued gains in coming weeks as the market can climb the wall of worry. Continue reading “AAII Sentiment Survey Results Still Favor Bulls (Even After Bounce)”
Be in the know. 10 key reads for Thursday…
- Jerry Jones says buying Natural Gas feels like when he bought the Dallas Cowboys in 1989 for $140M (no one wanted it and it’s now worth $5 Billion). “I bought it when everything was down and out (Cowboys).” He’s putting his own money ($475M) where his mouth is with his Comstock Resources (CRK). (World Oil)
- St. Louis Blues Win the Stanley Cup (Wall Street Journal)
- Hedge Fund and Insider Trading News: Paul Tudor Jones, Elliott Advisors, Orion Energy Systems, Inc. (OESX), Cisco Systems, Inc. (CSCO), and More: (Insider Monkey)
- Oil prices surge after suspected tanker attack near Iran (Reuters)
- Trump says he’s considering slapping sanctions on gas pipeline from Russia to Germany (CNBC)
- One big reason you should be in the stock market right now: J.P. Morgan (Kolanovic) (MarketWatch)
- Big Banks Are Expected to Offer Up Higher Dividends (Barron’s)
- The Fed Gets More Cover for a Cut (Wall Street Journal)
- Trump Isn’t Alone. These Millennials on the Left Want Low Interest Rates, Too. (New York Times)
- China’s Father of Electric Cars Says Hydrogen Is the Future (Bloomberg)
Unusual Options Activity – Allergan plc (AGN)
Today some institution/fund purchased 2,923 contracts of Aug $130 strike calls (or the right to buy 292,300 shares of Allergan plc (AGN) at $130). The open interest was just 789 prior to this purchase. Continue reading “Unusual Options Activity – Allergan plc (AGN)”
