Be in the know. 20 key reads for Wednesday…

  1. A ‘powerful force’ will determine what happens next in the stock market, Wharton professor predicts (MarketWatch)
  2. U.S. durable goods orders rose jumped 11.2% in July, vs 4.3% increase expected (CNBC)
  3. Volatility Traders Pounce on Stock Market Angst Before Election (Bloomberg)
  4. Ex-Trump adviser Gary Cohn seeks $600 million for blank-check company IPO (CNBC)
  5. Mortgage demand from homebuyers spikes 33% annually, signaling no end to summer spree (CNBC)
  6. Ant Group’s $200 Billion Hill Could Soon Become Mountainous (Wall Street Journal)
  7. Watch for Coca-Cola Bottler’s Stock to Pop (Barron’s)
  8. NIO Stock Gets an Upgrade and 1,500% Price Target Increase. Here’s Why. (Barron’s)
  9. Powell may be the headliner, but here are the other key central bankers set to speak at Jackson Hole (MarketWatch)
  10. What to Expect From Jerome Powell’s ‘Jackson Hole’ Speech (Barron’s)
  11. What to Know About Palantir, the Latest Tech Company to File to Go Public (Barron’s)
  12. KFC drops ‘Finger Lickin’ Good’ slogan amid COVID-19 fears (New York Post)
  13. Fed Seen Holding Rates at Zero for Five-Years Plus in New Policy (Bloomberg)
  14. Luxury home contracts hit record quarter for Toll Brothers (Fox Business)
  15. Framework review complete, Fed’s Powell starts hard sell for higher inflation (Reuters)
  16. Booming trend powers Dick’s Sporting Goods to record earnings and sales (Fox Business)
  17. Why Dow’s shake-up is bad for stocks added to it and less bad for those booted (MarketWatch)
  18. It’s Time to Open New York’s Offices (Wall Street Journal)
  19. Inside Ant Group’s Giant Valuation: One Billion Alipay Users and Big Profit Margins (Wall Street Journal)
  20. GM Uses Salaried Employees to Fill Vacancies at Missouri Pickup-Truck Plant (Wall Street Journal)

Unusual Options Activity – Antero Resources Corporation (AR)

Data Source: barchart

Today some institution/fund purchased 3,710 contracts of Jan 2022 $4.50 strike calls (or the right to buy 371,000 shares of Antero Resources Corporation (AR) at $4.50). The open interest was just 650 prior to this purchase. Continue reading “Unusual Options Activity – Antero Resources Corporation (AR)”

Be in the know. 18 key reads for Tuesday…

  1. Alibaba’s Ant Group files for blockbuster dual listing in Hong Kong, Shanghai (Reuters)
  2. Paul Ryan-chaired Executive Network Partnering sets IPO terms with plan to raise about $300 million (MarketWatch)
  3. U.S. Stock Market Bulls From UBS to BofA See More Gains Ahead (Bloomberg)
  4. Why 5 Legacy Tech Dividend Stocks May Be the Best Buys Now (24/7 Wall Street)
  5. U.S., China reaffirm commitment to Phase 1 trade deal in phone call (Reuters)
  6. UFC’s Dana White, a $1M Trump donor, gets key RNC speaker slot (Fox Business)
  7. Opinion: Exxon getting booted from the Dow Jones Industrial Average may be a blessing in disguise for its investors (MarketWatch)
  8. Gilead’s Remdesivir-Like Compound To Be Studied By NIH For Efficacy Against COVID-19 (Benzinga)
  9. Steve Cohen out to gobble up Hollywood big fish with new management company (New York Post)
  10. Salesforce, Amgen and Honeywell added to Dow in major shake-up to the average (CNBC)
  11. 4 Energy Stocks Left Behind in the Rally With Strong Balance Sheets (MarketWatch)
  12. Home prices show signs of recovery, rising 4.3% in June, according to Case-Shiller index (CNBC)
  13. More than half of states are now approved for the extra $300 per week in unemployment insurance (CNBC)
  14. Powell set to deliver ‘profoundly consequential’ speech, changing how the Fed views inflation (CNBC)
  15. Big Pharma Needs a Covid-19 Vaccine to Redeem Its Reeling Reputation (Bloomberg)
  16. 10 Cheap, Overlooked Stocks With Plenty of Upside (Barron’s)
  17. New Thinking on Covid Lockdowns: They’re Overly Blunt and Costly (Wall Street Journal)
  18. Oil Companies Brace for Twin Gulf Coast Storms (Wall Street Journal)