Tag: China

Be in the know. 10 key reads for Friday…

  1. Jim Cramer: I’m With Warren Buffett on This One (TheStreet)
  2. China Stocks Are Handily Beating U.S. Since Coronavirus Outbreak. Here’s Why (Bloomberg)
  3. Billionaire Sam Zell says he is buying some ‘ridiculously low’ stocks in the wild market swings (CNBC)
  4. ‘Bond King’ Gundlach says Fed panicked and short-term rates are ‘headed toward zero’ (CNBC)
  5. ValueAct’s Jeffrey Ubben buys BP and says oil company can be ‘part of the solution’ (CNBC)
  6. OPEC deal in jeopardy as Russia stalls over deepest round of supply cuts since 2008 (CNBC)
  7. Bullard Says Fed Watching Virus Fallout, Willing to Do More (Bloomberg)
  8. Fed’s Kaplan thinks U.S. can avoid coronavirus recession as Williams says central bank will keep using tools (MarketWatch)
  9. Can Gilead Change Its Dim Fortunes On An Immuno-Oncology Buyout? (Investors)
  10. Global equity outflows hit $23bn on coronavirus fears (Financial Times)

 

The Old Dominion “Snapback” Stock Market? (and Sentiment Results)

The theme of this week’s market commentary is “Snapback.”  I picked it:

1. Because I like the Country band – Old Dominion.

2. To explore the question of whether in fact this is a “Snapback” rally or actually a fake out. Continue reading “The Old Dominion “Snapback” Stock Market? (and Sentiment Results)”

Be in the know. 7 key reads for Thursday…

  1. Gilead Sciences (GILD) Initiates Two Phase 3 Studies of Remdesivir for Treatment of COVID-19 (Street Insider)
  2. Wait for these signals to buy coronavirus-battered stocks, says BNY Mellon strategist (MarketWatch)
  3. The US-China trade war unintentionally prepared companies for coronavirus (Yahoo Finance)
  4. Wall Street and Atlanta Federal Reserve don’t agree on GDP (New York Post)
  5. TikTok Marketers Chase Billions of Views in Uncharted Terrain (Bloomberg)
  6. Big Oil Price Jump Predicted By Report If Fracking Ends In US (Benzinga)
  7. As China’s Economy Suffers, Xi Faces Pressure to Lift Virus Restrictions (Wall Street Journal)

The “Curb Your Enthusiasm” Stock Market

In last week’s note, “The 10:3 (Risk to Reward) Stock Market” we made the case that while there was limited upside, the downside risks had increased materially.  You can review it here: Continue reading “The “Curb Your Enthusiasm” Stock Market”

Be in the know. 10 key reads for Wednesday…

  1. Shale Activist Hunts for New Target in ‘Uninvestable’ Sector (Bloomberg)
  2. Coronavirus Is Roughing Up the Market. Why It’s Time to Refinance Your Mortgage. (Barron’s)
  3. Disney’s New CEO Is a Theme Park Whiz Who Gets Hollywood, Too (Barron’s)
  4. Every Adult in Hong Kong to Get Cash Handout of $1,284 (Bloomberg)
  5. New Chinese billionaires outpace U.S. by 3 to 1: Hurun (Reuters)
  6. $45 Billion: That’s What This Study Says Pensions Lost in Private Equity Gains (Institutional Investor)
  7. Junk bond spreads surge as investors consider virus risks (Financial Times)
  8. Lowe’s Reports Q4 Earnings Beat (Benzinga)
  9. Why one quantitative analyst says stocks may have seen their ‘darkest day’ (MarketWatch)
  10. New Cases Drop in China as Virus Spreads Globally (Wall Street Journal)

The ‘Short Term’ 10:3 (Risk to Reward) Stock Market

For those of you who have followed us for some time, you know we have been putting out bullish notes since the August 2019 lows.  You can review each weekly note under the “Sentiment” category of the site.  We called for the end of year “melt-up” just a few weeks after the 2/10 yield curve inverted in early August 2019. Continue reading “The ‘Short Term’ 10:3 (Risk to Reward) Stock Market”

Be in the know. 20 key reads for Wednesday…

  1. Leon Cooperman says the market has become too pessimistic on energy stocks, too euphoric on Tesla (CNBC)
  2. Junk bond king’s pardon ‘is spectacular’ for Wall Street (Financial Times)
  3. Record Wall Street rally triggers boom in options (Financial Times)
  4. Q4 13F Roundup: How Buffett, Einhorn, Ackman And Others Adjusted Their Portfolios (Benzinga)
  5. The Michael Milken Project (Institutional Investor)
  6. ‘Very Big Trade Deal’ With India In Progress Ahead Of Visit, Trump Says (Benzinga)
  7. Building Permits Surge To 13 Year Highs Thanks To Warm Weather In Northeast (ZeroHedge)
  8. China’s virus-hit industrial cities start to ease curbs, restore production (Reuters)
  9. Oil up on slowing pace of coronavirus, Venezuela sanctions (Reuters)
  10. It’s Michael Milken’s World. The Rest of Us Just Live in It. (Barron’s)
  11. Hedge Funds Keep Backpedaling From S&P 500’s Biggest Winners (Bloomberg)
  12. What Warren Buffett Might Tell Investors in His Annual Letter This Week (Barron’s)
  13. Gilead’s Coronavirus Drug Trial Slowed by Lack of Eligible Recruits (Wall Street Journal)
  14. Fed’s Balance Sheet Dominates What to Watch For in FOMC Minutes (Bloomberg)
  15. Why Teva’s Grand Turnaround Could Just Be Getting Started (24/7 Wall Street)
  16. Pound Climbs After Inflation Tempers Risk of a Rate Cut (Bloomberg)
  17. SoftBank plans to borrow up to $4.5 billion using its domestic telecom’s shares as collateral. (Business Insider)
  18. Billionaire investor Leon Cooperman ramps up his criticism of Bernie Sanders, calling him a ‘bigger threat’ to the stock market than coronavirus (Business Insider)
  19. February Bank of America Global Fund Manager Survey Results (Summary) (Hedge Fund Tips)
  20. It’s never been this hard for companies to find qualified workers (CNBC)

February Bank of America Global Fund Manager Survey Results (Summary)

Data Source: Bank of America

Each month, Bank of America conducts a survey of ~200 fund managers with > $600B AUM.  Here are the key takeaways from the survey published on Feb 18, 2020: Continue reading “February Bank of America Global Fund Manager Survey Results (Summary)”

Be in the know. 10 key reads for President’s Day…

  1. Stocks Today Hold Bullish Bent; 5 Reasons Why The Nasdaq May Hit 10,000 (Investor’s Business Daily)
  2. The $99 Watch With $20,000 Ambitions (Bloomberg)
  3. Macau Casinos Allowed to Reopen Thursday After Virus Shutdown ()
  4. Bridgewater, Dalio Donate $10 Million For China Virus Fight (Bloomberg)
  5. Joe Rogan ate nothing but meat for 30 days and said his ‘energy levels were amazing’ (CNBC)
  6. Chinese stimulus boosts stocks globally (MarketWatch)
  7. The Pinsa Pie Tries to Elbow Into New York’s Crowded Pizza Market (Wall Street Journal)
  8. Hedge Funds Bet Aussie Will Overcome Impact of Coronavirus (Yahoo! Finance)
  9. Notable Insider Buys Last Week: Enterprise Products Partners, Kellogg And More (Benzinga)
  10. FedEx driver stops to pick up, fold fallen American flag in front yard (USA Today)