Be in the know. 20 key reads for Friday…

  1. Is this the Manchin rally? Bonds are rising and stocks at record high as spending expectations wane (MarketWatch)
  2. ‘Ferris Bueller’s Day Off’ turns 35: Secrets behind the most iconic lines (New York Post)
  3. Didi Chuxing, China’s Ride-Hailing Giant, Unveils U.S. IPO Filing (Wall Street Journal)
  4. S. Lifts Some Iran Sanctions Amid Stalled Nuclear Talks (Wall Street Journal)
  5. Pay Attention to Profit Margins. Here’s Why. (Barron’s)
  6. Banks Are About to Hand Out Cash. How to Play It. (Barron’s)
  7. Vertex Shares Fall as Drug Fails. Analysts Say It’s Time to Buy. (Barron’s)
  8. S. Inflation Is Highest in 13 Years as Prices Surge 5% (Wall Street Journal)
  9. Amazon Faces Possible $425 Million EU Privacy Fine (Wall Street Journal)
  10. China Passes Law to Counter Foreign Sanctions (Wall Street Journal)
  11. Earmarks Are Back, Baby (Wall Street Journal)
  12. Another reason for worker shortages: Americans are starting businesses (USA Today)
  13. Merkel Says Biden Shows Multilateralism Is Back: G-7 Update (Bloomberg)
  14. Powell Gets Wall Street Buy-In to View That Inflation Won’t Last (Bloomberg)
  15. What the World’s Most Successful Real Estate Investor Is Buying (Bloomberg)
  16. Big Tech Is Going Public in India (Wall Street Journal)
  17. Great value rotation may already be over as investors embrace tech again (CNBC)
  18. Why the 5 Highest-Yielding Dow Stocks Are Great Second-Half Buys (24/7 Wall Street)
  19. The bond market says ‘meh’ (Financial Times)
  20. Meme Stocks’ Latest Frenzy Isn’t About a Short Squeeze (Wall Street Journal)

Be in the know. 20 key reads for Thursday…

  1. Trump’s TikTok, WeChat Actions Targeting China Revoked by Biden (Wall Street Journal)
  2. John Rogers Is Winning (Institutional Investor)
  3. OPEC sticks to forecast of oil demand surge in second half of 2021 (Reuters)
  4. How To Lose $50 Million Hedging Inflation… (ZeroHedge)
  5. AMC Insiders Sell Another $4 Million in Shares Amid Reddit Rally (Bloomberg)
  6. CPI shows retail prices soared again last month, lifting U.S. inflation rate to 13-year high (MarketWatch)
  7. ECB Keeps Stimulus at High Pace, Ruling Out Immediate Tapering (Barron’s)
  8. Don’t Expect $100 Oil Anytime Soon (Barron’s)
  9. Inflation Is Here. But It Won’t Doom Stocks. (Barron’s)
  10. China Is the Elephant in the Room as Europe Targets American Tech (Barron’s)
  11. Virgin Galactic founder Richard Branson may try to beat Bezos to space: report (New York Post)
  12. China’s Surging Manufacturing Prices Put Pressure on Beijing to Do Something About Them (Wall Street Journal)
  13. Draft Antitrust Bills Would Restrict Online Platforms (Wall Street Journal)
  14. China Tempers Climate Change Efforts After Economic Officials Limit Scope (Wall Street Journal)
  15. Technology Fills the Gap as Jobs Lag GDP (Wall Street Journal)
  16. Campbell Plans to Raise Prices as Higher Costs Cut into Profits (Wall Street Journal)
  17. Markets Are Ignoring the Main Driver of Today’s Inflation (Bloomberg)
  18. Weak consumption is a ‘major problem’ for China’s recovery, says analytics firm (CNBC)
  19. Finance professor Aswath Damodaran warns investors not to get cocky, dismisses bitcoin as a currency or store of value, and blasts the Fed in a new interview. Here are the 11 best quotes. (Business Insider)
  20. China says it arrested over 1,100 suspects and busted 170 criminal gangs in a crypto-related money-laundering crackdown (Business Insider)

Unusual Options Activity – Tencent Music Entertainment Group (TME)

Data Source: barchart

Today some institution/fund purchased 6,397 contracts of Oct $15 strike calls (or the right to buy 639,700 shares of Tencent Music Entertainment Group (TME) at $15). The open interest was 2,076 prior to this purchase. Continue reading “Unusual Options Activity – Tencent Music Entertainment Group (TME)”

Be in the know. 15 key reads for Wednesday…

  1. Senate OKs Bill to Address Competition From China (Barron’s)
  2. What a 15% Global Minimum Corporate Tax Rate Means for the Stock Market (Barron’s)
  3. Say Hello to the ‘She-covery’: Post-Covid Rebound Accelerates Women’s Job Gains (Barron’s)
  4. FDA Approves Pfizer’s New Pneumococcal Vaccine, Setting Up Clash With Merck (Barron’s)
  5. Why stock traders say ‘never short a dull market’ (MarketWatch)
  6. Bill Hwang had been eyeing $100B club before blow up: sources (New York Post)
  7. FDA Approval of New Alzheimer’s Drug May Boost Prospects of Other Treatments (Wall Street Journal)
  8. Discount Chain Big Lots Invests in New Stores as Stimulus Checks Boost Sales (Wall Street Journal)
  9. The Retreat of Exxon and the Oil Majors Won’t Stop Fossil Fuel (Bloomberg)
  10. From Cashier to Mortgage Billionaire: The Rise of Anthony Hsieh (Bloomberg)
  11. European banks are in a much better position now than when the pandemic first hit, Goldman says (CNBC)
  12. China’s producer prices rise faster than consumer prices by the most on record (CNBC)
  13. Cathie Wood agrees with Fundstrat’s Tom Lee that a demographic boom led by millennials will drive the stock market higher for years to come (Business Insider)
  14. 10Y Yields Plunge Below 1.50% As Record Short Squeeze Accelerates (ZeroHedge)
  15. Colgate-Palmolive is following in the footsteps of Pepsi and P&G to a ‘mega-cap turnaround’ (MarketWatch)