Tag: Financials

Be in the know. 25 key reads for Saturday…

  1. Newly Flush PNC Could Kick Off the Next Round of Bank M&A (Barron’s)
  2. Oil Market Dazzled With a Swift Delivery of Supply Cuts (Bloomberg)
  3. Slash tax rate in half for corporations returning to US, White House adviser suggests (New York Post)
  4. McConnell says next stimulus must have coronavirus liability protections (New York Post)
  5. Appaloosa buys Twitter, Netflix stakes, exits Caesars, cuts Facebook position (TheFly)
  6. TSA Preparing to Check Passenger Temperatures at Airports Amid Coronavirus Concerns (Wall Street Journal)
  7. Wells Fargo Has Lost $220 Billion in Market Value Under Fed Cap (Bloomberg)
  8. Inside the Science and Companies Racing to Develop a Covid-19 Vaccine (Barron’s)
  9. John Malone Has a Great Investing Record. Here’s How to Play Along. (Barron’s)
  10. How Investors Should Evaluate Energy Bonds — And the Funds That Own Them (Barron’s)
  11. This Economist Sees a ‘Regime Change’ Favoring Stockpickers (Barron’s)
  12. Assessing the stock market after one of the fastest declines and subsequent comebacks in history (CNBC)
  13. On Furlough From the Kingdom, Disney Workers Try to Keep the Magic Alive (Wall Street Journal)
  14. Michael Jordan Didn’t Manage People, He Lit Them on Fire (Wall Street Journal)
  15. Car Makers See Chinese Market Picking Up (Wall Street Journal)
  16. Bill Murray drinks, jokes with Guy Fieri on Nacho Showdown: ‘Truth is, he’s a redhead’ (USA Today)
  17. Google Antitrust Lawsuit Being Drafted by U.S Justice Department (Bloomberg)
  18. Next coronavirus aid package expected to become reality ‘in June at the earliest,’ as House passes its bill (MarketWatch)
  19. Is this the pullback you’ve been waiting for? (QuantifiableEdges)
  20. JPMorgan Bets on a Dash for the Suburbs (Institutional Investor)
  21. What Happens to Stocks After a Big Up Month? (A Wealth of Common Sense)
  22. Bill Miller doesn’t see market as ‘dramatically overvalued,’ says Amazon could double in 3 years (CNBC)
  23. Loeb’s Third Point Builds Stake in Disney, Exits Campbell Soup (Bloomberg)
  24. Saudi wealth fund snaps up $7.7bn of blue-chip stocks (Financial Times)
  25. How bank hedging jolted investors into talk of negative rates (Financial Times)

Unusual Options Activity – Wells Fargo & Company (WFC)

Data Source: barchart

Today some institution/fund purchased 1,422 contracts of Jan 2021 $17.50 strike calls (or the right to buy 142,200 shares of Wells Fargo & Company (WFC) at $17.50). The open interest was just 285 prior to this purchase. Continue reading “Unusual Options Activity – Wells Fargo & Company (WFC)”

Be in the know. 20 key reads for Tuesday…

  1. Banks Make $10B in Fees in Phase 1 of PPP (Fool)
  2. Big Banks Pull Ahead in U.S. Small-Business Aid After Stumbles (Bloomberg)
  3. Global Stocks Advance as Focus Returns to Reopenings (Barron’s)
  4. What Might Gilead’s Covid-19 Drug Cost — $10 or $4,500? (Barron’s)
  5. Drive-Throughs Are Now a Lifeline for Fast-Food Chains (New York Times)
  6. Carnival Plans to Sail Again in August, Maybe (New York Times)
  7. ‘Trolls’ streaming success to usher in more new movies at home (USA Today)
  8. Wall Street’s Elite Bond Club Is Cracking at the Worst Possible Time (Bloomberg)
  9. Cash on the Sidelines Could Limit Stocks’ Slide, Yardeni Says (Barron’s)
  10. Smaller Banks Doled Out Bulk of PPP Loans, Fed Data Show (Barron’s)
  11. NBCUniversal to Combine TV, Streaming Operations in Broad Restructuring (Wall Street Journal)
  12. Italy Starts Easing Lockdown, Rebooting Its Stricken Economy (Wall Street Journal)
  13. A Surprising Way to Stay Resilient (Wall Street Journal)
  14. Small Businesses Were at a Breaking Point. Small Banks Came to the Rescue. (Wall Street Journal)
  15. Test, trace, isolate: Governments need to do these three things before reopening economies, expert warns (CNBC)
  16. Israel Will Reopen Malls to Revive Economy as Virus Cases Drop (Bloomberg)
  17. TikTok is winning over millennials and Instagram stars as its popularity explodes (CNN)
  18. Tesla stock rise appears to qualify CEO Musk for $700 million payday (StreetInsider)
  19. 5 BofA Securities Yield Advantage Dividend Stocks for Worried Investors (24/7 Wall Street)
  20. Open for lunch: California counties with few coronavirus cases re-start their economies (Reuters)