Be in the know. 20 key reads for Thursday…

  1. Nokia Earnings Were Surprisingly Good. The Stock Is Soaring. (Barron’s)
  2. 25 Undervalued Stocks with Earnings Set to Beat Pre-Covid Levels (Barron’s)
  3. Amazon Is Likely to Post Blowout Profits. The Question Is What Follows. (Barron’s)
  4. Oil aims for 3-day win streak on demand optimism (MarketWatch)
  5. Texas Instruments Weighs In on the Chip Shortage—and Creates Confusion (Barron’s)
  6. Treasury yields come off highs as Fed’s Powell pushes back on taper speculation (MarketWatch)
  7. Apple Couldn’t Dodge Chip Pain Forever (Wall Street Journal)
  8. Google Springs Forward (Wall Street Journal)
  9. Northrop Grumman (NOC) Tops Q1 EPS by $1.09; Raises Guidance (streetinsider)
  10. Optimistic Breakout. The Energy Report 04/29/2021 (Phil Flynn)
  11. Shell (RDS) Gains on Raised Dividend and Q1 Beat, Analyst Says ‘Earnings Power Intact’ (streetinsider)
  12. Fed Chair Powell In Response To GameStop, Dogecoin Mania Says He Sees ‘Froth In Equity Markets’ (Benzinga)
  13. McDonald’s revenue tops pre-pandemic levels, fueled by the strong U.S. recovery (CNBC)
  14. Chip shortages for iPads and Macs may cool Apple’s hot streak (CNBC)
  15. These two stocks unloved by analysts may be worth a second look (CNBC)
  16. CDC to cruise industry: Sailing could restart in mid-July (USA Today)
  17. U.S. Recovery Gains Steam as Spending Fuels 6.4% GDP Growth (Bloomberg)
  18. Verizon Explores Sale of Media Assets, Including Parts of Yahoo and AOL (Wall Street Journal)
  19. Biden Proposal Would Close Longtime Real-Estate Tax Loophole (Wall Street Journal)
  20. Private Equity and Hedge Funds, Facing a New Tax Burden, Prepare Their Defense (Wall Street Journal)

Unusual Options Activity – Enterprise Products Partners L.P. (EPD)

Data Source: barchart

Today some institution/fund purchased 25,600 contracts of Jan ’23 $15 strike calls (or the right to buy 2,560,000 shares of Enterprise Products Partners L.P. (EPD) at $39). The open interest was just 3,749 prior to this purchase. Continue reading “Unusual Options Activity – Enterprise Products Partners L.P. (EPD)”

Be in the know. 17 key reads for Wednesday…

  1. Taper Talk? Inflation Outlook? Here Are 4 Things to Watch in Fed’s Policy Update (Barron’s)
  2. Analysts Have Higher Hopes for These 4 Energy Stocks (Barron’s)
  3. Amazon Is Likely to Post Blowout Profits. The Question Is What Follows. (Barron’s)
  4. Inflation Is Coming. 5 Stocks to Buy Now. (Barron’s)
  5. Facebook Reports Earnings Wednesday. What to Expect. (Barron’s)
  6. What’s in $1.8 Trillion Biden Spending Plan Funded by Taxes (Bloomberg)
  7. Gundlach Says Fed Is Guessing That Inflation Will Be Transitory (Bloomberg)
  8. Shoemaker Allbirds reportedly in talks with banks for IPO (CNBC)
  9. Biden to unveil $1.8 trillion plan for families — here’s what’s in it (CNBC)
  10. General Electric (GE) Falls on Revenue Miss, But Still Plenty of Runway for the Turnaround Bull Case Says Analyst (Street Insider)
  11. The Best Managers Aren’t in It Just for the Money (Institutional Investor)
  12. GSK chief defends against accusations of flat performance (Financial Times)
  13. Apple To Slash AirPods Production Due To Competition From Cheaper Alternatives (Benzinga)
  14. India’s surging Covid-19 cases shouldn’t dissuade investors from buying emerging markets equities, UBS Wealth Management says (Business Insider)
  15. Investors are still keeping their cash levels high — but here’s what’s drawing them to stocks, UBS says (MarketWatch)
  16. Shoppers Return to Malls, With an Urge to Spend (Wall Street Journal)
  17. U.S. Warship Fires Warning Shots in Encounter With Iranian Vessels (Wall Street Journal)

Unusual Options Activity – American Electric Power Company, Inc. (AEP)

Data Source: barchart

Today some institution/fund purchased 3,085 contracts of June $95 strike calls (or the right to buy 308,500 shares of American Electric Power Company, Inc. (AEP) at $95). The open interest was just 716 prior to this purchase. Continue reading “Unusual Options Activity – American Electric Power Company, Inc. (AEP)”

Be in the know. 17 key reads for Tuesday…

  1. Why Wells Fargo Is a ‘Must-Own Stock’ (Barron’s)
  2. Prescription-Drug Price Cuts Set to Be Left Out of White House Proposal (Wall Street Journal)
  3. Still Getting Your Head Around Digital Currency? So Are Central Bankers. (New York Times)
  4. U.S. Population Over Last Decade Grew at Slowest Rate Since 1930s (New York Times)
  5. 5 visuals explain the shifting House seats and how the changes could affect the 2022 midterm elections (USA Today)
  6. Fed Will String Traders Along on Its Taper Timeline (Bloomberg)
  7. BP beats first-quarter estimates, says it plans to resume share buybacks (CNBC)
  8. OPEC+ to meet Tuesday amid concern about rising virus cases (CNBC)
  9. If Fed Chair Jerome Powell sounds ‘too optimistic’ this week, he’ll rattle Wall Street, Morgan Stanley warns (CNBC)
  10. 6 Mid-Cap Stocks That Are Cheap—and Have Potential (Barron’s)
  11. Saying Au Revoir to the Most Successful Policy in Federal Reserve History (Wall Street Journal)
  12. Supermarkets Say Goodbye to Pantry Loading, Hello to Inflation (Wall Street Journal)
  13. Biden’s first big speech to Congress is on Wednesday. Here’s what to expect. (MarketWatch)
  14. The No. 1 emerging property market in America is NOT in Texas or Florida — you may never even have heard of it (MarketWatch)
  15. Citi has updated its bear-market checklist. Here’s where we are now. (MarketWatch)
  16. U.S. Durable-Goods Orders Rebound Following Dip (Wall Street Journal)
  17. What Wall Street Is Telling Us About the U.S. Economic Outlook (Wall Street Journal)