~224 Managers overseeing ~$600B AUM responded to this month’s BofA survey. Continue reading “October Bank of America Global Fund Manager Survey Results (Summary)”
Tag: StockMarket
Be in the know. 25 key reads for Tuesday…
- Dimon Signals The All Clear: JPMorgan Earnings Smash Expectations As Loss Provisions Plummet 94% (ZeroHedge)
- Exxon Mobil upgraded to Neutral from Sell at Goldman Sachs (TheFly)
- Citi Posts Biggest Quarterly Profit of Pandemic (Bloomberg)
- Day-Trader Options Action Is Spotted Yet Again in Nasdaq Surge (Bloomberg)
- Desperate Americans hit by pandemic beg Congress, Trump to pass economic relief bill (Reuters)
- U.S. small business confidence at highest since February (Reuters)
- China’s imports, exports surge as global economy reopens (Reuters)
- Johnson & Johnson Covid-19 vaccine study paused due to illness: report (FoxBusiness)
- “Nancy Pelosi take this deal!” Andrew Yang, a former Democratic presidential candidate, tweeted on Saturday. “Put politics aside people are hurting.” (FoxBusiness)
- Why You Didn’t Notice a Japanese Stock Index Beating the Nasdaq This Year (Wall Street Journal)
- JPM: Credit costs of $611 million included $569 million of net reserve releases (Street Insider)
- Ford and General Electric are headed back to the double digits, Jim Cramer says (CNBC)
- JPMorgan’s Earnings Were Better Than Expected. Here’s How the Bank Did. (Barron’s)
- A New Roaring ‘20s Is Coming for Industrial Stocks (Barron’s)
- The American Dream: Bringing Factories Back to the U.S. (Barron’s)
- Lotus Goes Electric With a US$2.1 Million Hypercar (Barron’s)
- Oil bounces after sharp jump in Chinese imports (MarketWatch)
- JPMorgan beats analysts’ profit estimates as the bank sets aside less for loan losses (CNBC)
- Disney Elevates Streaming Business in Major Reorganization (Wall Street Journal)
- BofA Survey Shows Investors Braced for Contested U.S. Election (Bloomberg)
- Natural Gas Surges as Traders Brace for Cold Winter (Wall Street Journal)
- Key U.S. Inflation Gauge Rises at Slowest Pace in Four Months (Bloomberg)
- Warren Buffett once used LeBron James to explain the risk of diversification, and compared his return to Cleveland to new Coke’s demise (BusinessInsider)
- Top Analyst Raises Price Targets on 4 High Dividend-Paying Bank Stocks (24/7 Wall Street)
- Citi Posts Biggest Quarterly Profit of Pandemic. Loan provisions return to normal after surging in first half. (Bloomberg)
Unusual Options Activity – Citigroup Inc. (C)
Data Source: barchart
Today some institution/fund purchased 6,945 contracts of March $52.50 strike calls (or the right to buy 694,500 shares of Citigroup Inc. (C) at $52.50). The open interest was just 3,217 prior to this purchase. Continue reading “Unusual Options Activity – Citigroup Inc. (C)”
Where is money flowing today?
Data Source: Finviz
Be in the know. 20 key reads for Monday…
- This Quarter Will Test Bank Stocks. Here’s How to Find Good Buys in the Sector. (Barron’s)
- Opinion: Get ready for a good earnings season for big U.S. banks (MarketWatch)
- Is The Next “October Surprise” An Unexpected Moment Of Clarity? (ZeroHedge)
- If You’re So Smart, Why Aren’t You Rich? (Bloomberg)
- Banks Have a Chance to Come Up for Air (Wall Street Journal)
- JPMorgan Upgrades Rocket Cos Inc. (RKT) to Overweight; ‘Bringing Scale and Efficiency to Massive and Fragmented Market’ (Street Insider)
- BofA Securities Upgrades Franklin Resources (BEN) Two-Notches to Buy on LM Deal, Strong Balance Sheet (Street Insider)
- Gilead’s remdesivir shaved five days off COVID-19 recovery time, reduced risk of death in some (Street Insider)
- Goa Game Changer: Indian State’s Health Authority Approves & Distributes Ivermectin & Doxycycline to Treat COVID-19 as Prophylaxis (TrialSiteNews)
- Danbury, Connecticut officially naming sewage plant after John Oliver (Fox Business)
- Earnings Season Is About to Start. It Could Be Better Than You Think. (Barron’s)
- How to Fix Industrial Stocks’ Underperformance, With One Simple Move (Barron’s)
- Investors Are Betting Corporate Earnings Have Turned a Corner (Wall Street Journal)
- Inhaled Vaccines Aim to Fight Coronavirus at Its Point of Attack (Bloomberg)
- The Fed Still Has a Powder Keg at Its Disposal (Bloomberg)
- Chinese shoppers spend big during the Golden Week holidays (CNBC)
- Berkshire Hathaway Vice Chair’s Foundation Sells Stock (Barron’s)
- Warren Buffett phoned Treasury Secretary Hank Paulson with a stimulus idea when the 2008 financial crisis erupted. It may have saved the US economy (Business Insider)
- UBS lays out 3 reasons why the stock market will continue to rise – and breaks down how investors should position their portfolios for the next leg of the rally (Business Insider)
- A chief investment strategist explains why making short-term bets ahead of the election is a risky strategy Business Insider)
Industrials (top 30 weights) Earnings Estimates/Revisions
In the spreadsheet above I have tracked the 2020 and 2021 earnings estimates for the Industrials Sector ETF (XLI) top 30 weighted stocks. The column under the date 10/11/2020 has a letter that represents the movement in 2020 earnings estimates since the most recent print (8/11/2020). Continue reading “Industrials (top 30 weights) Earnings Estimates/Revisions”
Be in the know. 15 key reads for Sunday…
- Banks Have Barely Touched the Fed’s Main Street Lending Program. Except This One. (Wall Street Journal)
- Ferris Bueller, Style Icon? The Patterned Sweater Vest Is Back (Wall Street Journal)
- Joel Greenblatt on Relative Value Investing (Podcast) (Bloomberg)
- Thrill seeker Jared Isaacman made a small fortune training fighter pilots but his wealth soared this summer when he took his payments processing business public amid the pandemic. (Forbes)
- Seasonals Are Back In Style Again (Almanac Trader)
- Take Five: Banks, bottom lines, Brexit (Reuters)
- Lilly’s Rheumatoid Arthritis Drug, Combined With Remdesivir, Benefits Covid-19 Patients Who Need Oxygen (Forbes)
- These Custom-Wrapped, Rally Race Ford GT40 Recreations Can Soon Be Yours (RobbReport)
- McLaren Unveils ‘High-Performance Hybrid’ Supercar (Maxim)
- How Media Mogul Barry Diller Made His $3 Billion Fortune (Maxim)
- ECRI Weekly Leading Index Update (Advisor Perspectives)
- Where’s Everyone Moving To? (NPR Planet Money)
- What It Takes To Win At Quant Investing (Podcast) (Bloomberg)
- COVID-19 lockdowns were a risky experiment — and one that failed (New York Post)
- Tale of Two Economies: Housing-Related Boom vs Pandemic-Challenged-Services Bust (Yardeni)
Be in the know. 30 key reads for Saturday…
- Energy Stocks Are Down Almost 50% This Year. Time to Buy. (Barron’s)
- 33 Undervalued Stocks for the Fourth Quarter (Morningstar)
- Industrial Stocks Are Getting Ready for 10 Years of Outperformance. Here’s How to Play It. (Barron’s)
- Opinion: Get ready for a good earnings season for big U.S. banks (MarketWatch)
- Fed’s Bullard Says Enough Resources With Expected Labor Rebound (Bloomberg)
- Natural Gas Could Rise Fast, and One Producer is Poised to Gain (Barron’s)
- Bankruptcies Show a Surprising Decline (Bloomberg)
- Earnings Season Is About to Start. It Could Be Better Than You Think (Barron’s)
- Never Mind the Narratives: ‘This Market Wants to Go Higher’ (Never Mind the Narratives: ‘This Market Wants to Go Higher’ (Bloomberg)
- The Bull Case for Bank of America (Barron’s)
- Eaton Vance Deal Presages More Money-Manager M&A (Barron’s)
- Those Earnings Calls Better Be Upbeat (Bloomberg)
- Berkshire Hathaway’s R. Ted Weschler Bought Up Dillard’s Stock (Barron’s)
- Dow notches best week since August even as stimulus progress stalls (MarketWatch)
- Why an Activist Took Aim at Disney’s Dividend (Barron’s)
- The American Dream: Bringing Factories Back to the U.S. (Barron’s)
- The Trump administration makes a $1.8 trillion stimulus offer to Democrats, which includes $400 federal unemployment benefits and $1,200 direct payments (Business Insider)
- Deciphering what Nelson Peltz is up to in the investment management space (CNBC)
- Facebook, Amazon, Google and Apple refute House Judiciary report suggesting Big Tech restraints (USA Today)
- Waymo Ditches Human Safety Drivers in Its Self-Driving Taxis (Futurism)
- Adam Grant — How to Remember Anything (#471) (Tim Ferriss)
- Anti-monopoly vs. Antitrust (stratechery)
- How Comfortable Are You Holding Stocks For 30 Years? (awealthofcommonsense)
- Dividend Growth Investing Principles (dividendgrowthinvestor)
- Why Life Can’t Be Simpler (Farnam Street)
- From the Bronx to Billions: What 50+ Years in the Markets will Teach You with Leon Cooperman (Prime Quadrant)
- Navigating Big Debt Crises by Ray Dalio (Ray Dalio)
- Activist Investor Dan Loeb on Why Disney Needs to Double Its Streaming Spending (EXCLUSIVE) (Variety)
- China: The Dragon in Winter (First Eagle)
- Warren Buffett bought Microsoft stock after meeting Bill Gates and made a $37 billion acquisition thanks to a chance encounter. Here are his 10 best quotes from an interview in a new book. (Business Insider)
Hedge Fund Tips with Tom Hayes – VideoCast – Episode 51
Article referenced in VideoCast above:
The Fleetwood Mac “Dreams” Stock Market (and Sentiment Results)…
Hedge Fund Tips with Tom Hayes – Podcast – Episode 41
Article referenced in podcast above:
The Fleetwood Mac “Dreams” Stock Market (and Sentiment Results)…