Unusual Options Activity – Itaú Unibanco Holding S.A. (ITUB)

Data Source: barchart

Today some institution/fund purchased 31,102 contracts of Sept. $6 strike calls (or the right to buy 3,110,200 shares of Itaú Unibanco Holding S.A. (ITUB) at $6).   The open interest was just 259 prior to this purchase. Continue reading “Unusual Options Activity – Itaú Unibanco Holding S.A. (ITUB)”

Be in the know. 17 key reads for Thursday…

  1. IAC Is Paring Down to Trade Up (Wall Street Journal)
  2. GameStop Rally Highlights Buyback Risk. Exhibit A: Bed Bath & Beyond. (Wall Street Journal)
  3. Democrats push ahead on COVID-19 relief, Biden flexible on who gets checks (Reuters)
  4. Shell defies earnings plunge with raised dividend (Financial Times)
  5. Nokia Reports Q4 Earnings Beat (Benzinga)
  6. Apple and Hyundai-Kia pushing toward deal on Apple Car (CNBC)
  7. Klobuchar unveils sweeping antitrust bill, laying out her vision as new subcommittee chair (CNBC)
  8. These S&P 500 stocks have had the biggest increases in ‘buy’ ratings so far this year (MarketWatch)
  9. S&P 500 earnings recession set to end, as Q4 EPS swings to growth (MarketWatch)
  10. Opinion: Like Rockefeller and Gates, Bezos rides off into the sunset just as the lawyers take away the fun (MarketWatch)
  11. A Hollywood Blitz of New Movies Ahead of the Oscars Deadline (Wall Street Journal)
  12. ‘Supercars’ Review: Powerful Playthings (Wall Street Journal)
  13. Activist Investor Targets French Food Group Danone (Barron’s)
  14. How the 1920 Pandemic Changed the Course of Dodge and the Auto Industry (Barron’s)
  15. The EV Industry Has Giant Goals. How It All Stacks Up. (Barron’s)
  16. Washington Is Still Coming for Big Tech (Barron’s)
  17. Don’t breathe easy just yet: there’s more volatility ahead (MarketWatch)

The Good, the Bad, and the Ugly Stock Market (and Sentiment Results)…

This week I chose the 1966 Italian Spaghetti Western (The Good, the Bad, and the Ugly) as the theme for our article – and it has nothing to do with Mario Draghi becoming the new Prime Minister of Italy. Continue reading “The Good, the Bad, and the Ugly Stock Market (and Sentiment Results)…”

Be in the know. 20 key reads for Wednesday…

  1. The GameStop Phenomenon Is Hardly New. Here’s How a Similar Squeeze Played Out in 1923. (Barron’s)
  2. High-speed traders reap windfall from retail investor boom (Financial Times)
  3. Should Investors Root For Tom Brady Or Patrick Mahomes? (LPL Research)
  4. Meet Andy Jassy, the man taking over Jeff Bezos’ role as Amazon CEO (New York Post)
  5. A Look Back at a Year of Economic Extremes, in 10 Charts (Barron’s)
  6. Golden Globe nominations 2021: See the full list of nominees (New York Post)
  7. Robinhood’s C.E.O. Is in the Hot Seat (New York Times)
  8. The stock market’s bull run will continue despite short-selling in ‘meme’ stocks, UBS says (Business Insider)
  9. A perfect storm is brewing for interest rates to surge, says this bond expert (MarketWatch)
  10. U.S. private payrolls rebounded in January – ADP (Reuters)
  11. As Jeff Bezos steps aside, what comes next for Amazon? (Financial Times)
  12. Kia Shares Surge Overnight After Report Of $3.6 Billion Investment From Apple (ZeroHedge)
  13. How Mario Draghi Could Change Italy—but Also Europe (Barron’s)
  14. ‘Let them trade’: Washington struggles with Robinhood politics (Financial Times)
  15. Hedge-Fund Manager Ackman Raises Bet on Housing in Texas, Hawaii, Las Vegas (Wall Street Journal)
  16. GlaxoSmithKline Will Develop Next-Generation Vaccine With CureVac (Barron’s)
  17. Emerging Markets May Already Have Reached Their Peak for 2021, Morgan Stanley Says (Barron’s)
  18. Bezos Is Stepping Down as Amazon CEO. Here’s What He Achieved Over 26 Years. (Barron’s)
  19. Here Are 6 Utility Stocks With Reliably Fast-Growing Dividends (Barron’s)
  20. Two Small-Time Investors Were Buying GameStop Stock Before It Was Cool (Wall Street Journal)