Category: What I’m Reading Today

1. ‘Big Short’ investor Michael Burry says Tesla isn’t GameStop – and Wall Street Bets shouldn’t be taken down (Business Insider)
2. GameStop Fever Goes Global: What You Need To Know (Benzinga)
3. 10 Best Moments From Chamath Palihapitiya’s CNBC Interview: ‘Pushback Against The Establishment’ (Benzinga)
4. Why JPMorgan Says 3M’s Valuation Is Attractive (Benzinga)
5. What’s Up With Apple: Earnings Top Estimates, Privacy, ‘New Things’ (247wallst)
6. IMF says fiscal support needed until recovery takes hold (Reuters)
7. The Stock Market Is Ignoring Good Earnings. Here’s Why. (Barron’s)
8. Why Europe Needs More Fiscal Stimulus (Barron’s)
9. Fed keeps key interest rate near zero, maintains $120B in monthly bond purchases to hold down long-term rates (USA Today)
10. With WallStreetBets’ Triumph, Wall Street Warns of Contagion (Institutional Investor)
11. McDonald’s misses on earnings and revenue, but U.S. same-store sales rise 5.5% (CNBC)
12. Here are the biggest short squeezes in the stock market (MarketWatch)
13. Robinhood Clients Report Trading Restrictions on GameStop, AMC (Bloomberg)
14. Buy the Dip – JPMorgan’s Kolanovic (Street Insider)
15. 9 Stocks That Will Benefit From Rising Treasury Yields, According to One Analyst (Barron’s)
16. Chart: The top 5% among most shorted stocks have all doubled in 2021 (MarketWatch)
17. American Airlines stock soars after fourth-quarter results but is ‘dislocating with fundamentals,’ analyst says (MarketWatch)
18. Oil and gas interests say drilling pause only hurts already struggling Americans (MarketWatch)
19. Tendies? Diamond hands? Your guide to the lingo on WallStreetBets, the Reddit forum fueling Gamestop’s wild rise (MarketWatch)
20. Hedge funds retreat in face of day-trader onslaught (Financial Times)
21. 10 Popular Hedge Fund Shorts That Could Get Squeezed Next (MarketWatch)
22. Goldman Strategist Joins Chorus Saying Buy the Dip in Stocks (Bloomberg)
23. U.S. Economic Growth Moderated to 4% in Final Quarter of 2020 (Bloomberg)
24. GameStop’s Rally Pauses as Trading Platforms Bar Purchases (Bloomberg)
25. US stock trading volumes soar past 2008 peak in Reddit battle (Financial Times)

 

1. GE Reports Surge in Year-End Cash Flow (Wall Street Journal)
2. Larry Kudlow, former top economic adviser to Trump, to host Fox Business show (New York Post)
3. Israelis Say They Will Attack Iran If Biden Returns US To Nuclear Deal (ZeroHedge)
4. Fed on hold as officials weigh pandemic against vaccines, fiscal support (Reuters)
5. GameStop Investor Michael Burry — Of ‘The Big Short’ Fame — Dubs Rally ‘Unnatural, Insane, And Dangerous’ (Benzinga)
6. Chamath Palihapitiya, Silicon Valley SPAC King, Wants to Be Governor of California (Institutional Investor)
7. Is This The Next Big Hedge Fund To Blow Up… And What Happens Next (ZeroHedge)
8. Day-Trader Obsession With Hated Stocks Takes Over Options Market (Bloomberg)
9. Regeneron says its COVID-19 antibody cocktail still works against new strains in lab test (MarketWatch)
10. Dems unveil $15 minimum wage bill, say they may use reconciliation to pass legislation (Fox Business)
11. ‘Weaponised’ options trading turbocharges GameStop’s dizzying rally (Financial Times)
12. 4 Sin Stocks to Buy That May Survive a Coming Massive Market Sell-Off (24/7 Wall Street)
13. How Retail Option Traders Are ‘Supercharging The Short Squeeze’ In GameStop And Other Potential Bubble Stocks (Benzinga)
14. Raytheon CEO says the company will ‘load up’ on share buybacks in 2021 after strong 4th-quarter earnings (Business Insider)
15. Las Vegas Sands appoints Robert Goldstein its permanent CEO (MarketWatch)
16. Putin warns of ‘all against all’ fight if global tensions are not resolved (CNBC)
17. Putin says U.S. social media giants are now competing with elected governments (CNBC)
18. JPMorgan is launching a digital retail bank in the U.K., looking overseas for growth (CNBC)
19. Putin Warns of Global Tensions Similar to 1930s in Davos Speech (Bloomberg)
20. Here’s What to Expect When Apple Reports on Wednesday (Barron’s)
21. Boeing’s 737 Max Can Fly Again in Europe. What It Means for Airbus Stock. (Barron’s)
22. 3M Expects Sales Growth as Customers Return to Offices, Schools (Wall Street Journal)

1. Wall Street Is Still Betting on Wells Fargo (Barron’s)
2. Raytheon’s Solid Earnings Offer Hope for Aerospace Suppliers (Barron’s)
3. GE Soars as Cash Outlook Shows Turnaround Regaining Traction (Bloomberg)
4. The One Key Number in Johnson & Johnson’s Earnings (Barron’s)
5. These 10 Stocks Offer Yields of 5% and Up (Barron’s)
6. The 1920s Roared After a Pandemic, and the 2020s Will Try (Bloomberg)
7. Why This Schlumberger Analyst Has ‘Growing Confidence In An International Inflection’ (Benzinga)
8. IMF expects US and China to recover most strongly from virus economic hit (Financial Times)
9. J&J Covid-19 vaccine data due ‘soon’ as drug maker boosts outlook (FoxBusiness)
10. Goldman Sachs warns of a dangerous bubble in these 39 stocks (Yahoo! Finance)
11. Regeneron (REGN) COVID-19 Antibody Cocktail Prevented 100% of Symptomatic Infections When Used as Passive Vaccine (streetinsider)
12. GameStop Day Traders Won’t Sack Wall Street (Wall Street Journal)
13. Amazon Union Drive Takes Hold in Unlikely Place (New York Times)
14. How Options Trading Could Be Fueling a Stock Market Bubble (New York Times)
15. Pfizer to Deliver U.S. Vaccine Doses Faster Than Expected: CEO (Bloomberg)
16. GameStop Shorts Don’t Deserve All the Schadenfreude (Bloomberg)
17. Home Prices in U.S. Cities Rise at Fastest Pace Since 2014 (Bloomberg)
18. Booming Blank Check Companies Are the Talk of Reddit and TikTok (Bloomberg)
19. Mania in stocks like GameStop suggest a market pullback is coming (CNBC)
20. BlackRock calls for more disclosure on companies’ climate change plans (CNBC)
21. Google says North Korean state hackers are targeting security researchers (CNBC)
22. Tech companies could see blowout fourth quarters for ad revenue (CNBC)
23. Short sellers are down $91 billion in January as GameStop leads squeeze in stocks they bet against (CNBC)
24. Janet Yellen becomes the first female Treasury chief; may be a calming influence in a divided Washington (USA Today)
25. Opinion: Insider selling is alarmingly high and small-cap stocks are in the crosshairs (MarketWatch)
26. GameStop Stock Is Just the Latest Sign of a Speculative Frenzy (MarketWatch)
27. Liberty Global’s $100 Billion Deal Making Spree Is Paying Off (Barron’s)
28. The risk of a stock market correction is increasing as resistance levels come into play, BofA says (Business Insider)
29. 5 Airlines Are Reporting Earnings This Week. Here’s What to Expect. (Barron’s)
30. Yellen Passed the Economic Stability Baton to Powell. Now, He’s Handing It Back. (Wall Street Journal)

1. Wells Fargo upgraded to Outperform from Neutral at Credit Suisse (TheFly)
2. Parts of the market are in a bubble, but they pose low risk to the S&P 500, Goldman says (CNBC)
3. Biden’s Bull Market. The Energy Report 01/25/2021 (Phil Flynn)
4. GE Reports Earnings Tuesday. Why This Print Matters More Than Most. (Barron’s)
5. Value Stocks Have Started Lagging Growth. Why the Trade Isn’t Dead. (Barron’s)
6. Goldman Sachs is super bullish about a recovery this year. But here’s what could go wrong (MarketWatch)
7. China Is Seeking a Summit With the U.S. Here’s What That Could Mean. (Barron’s)
8. Nancy Pelosi’s Husband Bought Stock Options in Apple, Tesla, and Disney (Barron’s)
9. 28 Undervalued European Stocks Set to Beat Pre-Covid Earnings in 2021 (Barron’s)
10. Small-Investor Surge Shows No Sign of Slowing (Wall Street Journal)
11. China’s Economy Overtaking the U.S. Will Be Harder Than It Looks (Wall Street Journal)
12. For Oil Servicers, Adversity Spells Opportunity (Wall Street Journal)
13. Nasal spray that blocks COVID-19 could be available by summer: report (New York Post)
14. Dalio Calls for Bipartisan Solution to Post-Pandemic Recovery (Bloomberg)
15. AMC Says Bankruptcy ‘Off the Table’ After Raising Financing (Bloomberg)
16. This Chart Should Assuage Fears of a Housing Bubble (Bloomberg)
17. BofA Securities Upgrades Schlumberger (SLB) to Buy on Confidence in Intl Inflection (Street Insider)
18. Oxford’s PRINCIPLE Trial: Bringing Ivermectin Directly into the Developed World in the Battle Against COVID-19 (trialsitenews)
19. Biden set for ‘buy American’ push to boost domestic manufacturing (Financial Times)
20. Emerging markets attract $17bn of inflows in first three weeks of 2021 (Financial Times)
21. Is value investing back from the dead? (Financial Times)
22. 4 Energy MLPs to Buy for 2021 That Pay Massive Dividends (247wallst)
23. China Flies Warplanes Near Taiwan in Show of Force, Prompting U.S. Warning (Wall Street Journal)
24. Manufacturing Rebound Has Suppliers Struggling to Keep Up (Wall Street Journal)
25. Nasdaq hits record high on big hopes for big-tech earnings (Reuters)

Oil Players put out Carbon/ESG Plans to attract Institutional Investors back into the fold (Important Point Covered in this Week’s VideoCast):

1. Occidental Petroleum Claims Green Push ‘Does More Than Tesla’ (hartenergy)
2. ExxonMobil is doing its part to address the dual challenge of ensuring the world has the energy it needs while also minimizing climate-change risks (ExxonMobil)
3. We’re charged up: Canada’s Electric Highway (Suncor)
4. BP sets ambition for net zero by 2050, fundamentally changing organisation to deliver (BP)
5. Shell unveils plans to become net-zero carbon company by 2050 (The Guardian)

SUNDAY READS:

1. February Almanac: Worst S&P 500 Month of Post-Election Years (Almanac Trader)
2. The U.N. Says America Is Already Cutting So Much Carbon It Doesn’t Need The Paris Climate Accord (Forbes)
3. 12 Best Utility Stocks To Buy Now (insidermonkey)
4. Opinion: Electric Cars’ Looming Recycling Problem (undark)
5. How Mat Ishbia Cashed In On The Biggest SPAC Ever: From Benchwarmer To $13 Billion (Forbes)
6. The EV Bubble spreadsheet: update uno (Financial Times)
7. For Oil Servicers, Adversity Spells Opportunity (Wall Street Journal)
8. Auto Investors Are Doing the Charleston (Wall Street Journal)
9. Here’s What’s In The Two New Covid Relief Executive Orders Biden Just Signed (Forbes)
10. 3 Reasons The Major Bank Stocks Should See Better Returns (Forbes)
11. The NHL’s Highest-Paid Players 2021 (Forbes)
12. U.S. factory activity near 14-year high; home sales rise in December (Reuters)
13. ECRI Weekly Leading Index Update: WLI Highest Since Jan 2020 (advisorperspectives)
14. Here are Larry King’s 10 most memorable interviews (New York Post)
15. 5 Must-See Blockbuster Movies Coming Out in 2021 (Men’s Journal)
16. this meme-generator puts bernie sanders anywhere on google street view (designboom)
17. UFC 257: Where does Conor McGregor go from here? (espn)
18. 10 free online classes from Harvard to learn something new (Mashable)
19. Nobody — And We Mean Nobody — Was Consistently Great Like Hank Aaron (538)
20. 9 Heavy-hitting Facts About the Greatest, Muhammad Ali (howstuffworks)
21. The Glorious Fish and Chips at Dame (New Yorker)
22. Why the Cost of Shipping Goods From China Is Soaring (Podcast) (Bloomberg)
23. Sotheby’s is Selling the Ultimate Renaissance Painting (Town & Country)
24. Inside Ford’s Plans to Become an EV Leader (Road and Track)
25. Bullish Stock Bets Explode as Major Indexes Repeatedly Set Records (Wall Street Journal)

1. 28 Barron’s Roundtable Picks to Beat the Market (Barron’s)
2. SpaceX Wants to Drill for Natural Gas in Texas (Futurism)
3. Edward Burns Returns to Long Island with ‘Bridge and Tunnel’ (New York Times)
4. Michael Phelps and Grant Hackett — Two Legends on Competing, Overcoming Adversity, Must-Read Books, and Much More (#494) (Time Ferriss)
5. Why You Should Practice Failure (Farnam Street)
6. CEO Actions Are More Optimistic Than Their Words (Bloomberg)
7. Israel finds single dose gives high resistance (Financial Times)
8. India’s Domestic Aviation Operations Nearing Pre-Covid Levels (Bloomberg)
9. Biden’s China Policy Will Look Different From Trump’s (Barron’s)
10. The Market Is Ignoring Coming Tax Hikes (Barron’s)
11. It’s the Year of Digital Infrastructure. Here Are 4 Stocks to Buy. (Barron’s)
12. The Best Investors of All Time (woodlockhousefamilycapital)
13. Why Biden Shouldn’t Let the Federal Debt Deter a Spending Spree (Barron’s)
14. The Dollar’s Next Move Could Be Up (Barron’s)
15. MGM Stock Is Still a Good Bet, Despite Failure to Buy Entain (Barron’s)
16. Roblox’s Stock Listing and the Boom Market in Desperate Parents (Barron’s)
17. Get ready for Apple’s first $100 billion quarter in history (MarketWatch)
18. AT&T earnings to kick off a defining year for telecom giant (MarketWatch)
19. All of President Biden’s key executive orders — in one chart (MarketWatch)
20. Surging Grain Prices Fuel Surprise Farm Recovery (Wall Street Journal)
21. Elon Musk says he’ll award $100M to the best carbon capture technology (New York Post)
22. Google reaches agreement to pay French publishers for content (New York Post)
23. Google threatens to shut down search engine in Australia over news law (New York Post)
24. U.S. Business Activity Gains at Start of Year (Wall Street Journal)
25. U.S. Existing-Home Sales Reach Highest Level in 14 Years (Wall Street Journal)
26. Biden team warns there is ‘no substitute’ for $1.9tn stimulus bill (Financial Times)
27. Chinese purchases of US exports fall far behind trade deal pledge (Financial Times)
28. Markets love the colour of Biden’s money (Financial Times)
29. Emerging markets attract $17bn of inflows in first three weeks of 2021 (Financial Times)
30. The stock market is at or near the most-expensive levels ever by most measures. When will it matter? (CNBC)
31. Biden Wants to Raise Taxes, Yet Many Trump Tax Cuts Are Here to Stay (New York Times)
32. Nordstrom shares soar with one analyst group upbeat about the luxury retailer’s post-COVID prospects (MarketWatch)
33. 3 Inexpensive Stocks with Sturdy Dividends (Morningstar)
34. A Confluence of Influence (investoramnesia)
35. Stocks That Have Paid Uninterrupted Dividends Since 1895 (dividend-growth-stocks

1. Eurozone and UK business activity slows sharply as lockdowns take toll (Financial Times)
2. Schlumberger echoes rivals’ oil recovery predictions after results beat (Yahoo! Finance)
3. Here’s another sign that markets have gone nuts and everyone is chasing everything (MarketWatch)
4. Biden administration suspends new oil, gas drilling permits on federal land (MarketWatch)
5. Markets Are Convinced: The Fed Won’t Come for the Punch Bowl (Wall Street Journal)
6. The Dollar’s Next Move Could Be Up (Barron’s)
7. 3 Reasons Coke’s Tax Problems Might Not Be So Bad After All (Barron’s)
8. From ‘unloved’ to ‘favorite,’ Britain’s stock market rides a wave. (New York Times)
9. Warren Buffett’s right-hand man flags a ‘speculative frenzy’ in the stock market and bemoans the lack of bargains in a new shareholder letter (Business Insider)
10. Here’s What NatGas Bulls Are Betting On In The Next Month (ZeroHedge)
11. Oil’s Hired Hands See Spending Recovery Everywhere Except Home (Bloomberg)
12. Housing Market Stays Tight as Homeowners Stay Put (Wall Street Journal)
13. Lilly Antibody Drug Prevents Covid-19 in Nursing Homes, Study Finds (Wall Street Journal)
14. Dark Days Ahead. The Energy Report 01/22/2021 (Phil Flynn)
15. Bank Heavyweights Help Financial ETF Set Record (Wall Street Journal)

1. Baupost’s Seth Klarman compares investors to ‘frogs in boiling water’ (Financial Times)
2. Biden Administration Sets Out Detailed Plan for Virus Battle (Barron’s)
3. Morgan Wallen Tops Charts Driving Surge in Country Music Streaming (Wall Street Journal)
4. 6 Stocks to Buy for the Next Oil-Price Surge (Barron’s)
5. ECB Stays Put, Stands Ready to Do More (Barron’s)
6. Jim Chanos still shorting Tesla, just more cautiously (New York Post)
7. President Biden’s Tech To-Do List (New York Times)
8. Biden won’t let up tough scrutiny of Big Tech (USA Today)
9. DuckDuckGo search engine increased its traffic by 62% in 2020 as users seek privacy (USA Today)
10. ‘Ready to serve’: Vice President Kamala Harris steps into history (USA Today)
11. Fossil Fuel Follies. The Energy Report 01/21/2021 (Phil Flynn)
12. Berenberg Upgrades Boeing On 737 Max Prospects (Benzinga)
13. Higher inflation is coming and it will hit bondholders (Financial Times)
14. Kinder Morgan beats estimates, flags concerns on spending by shale producers (Yahoo! Finance)
15. Renewables Stocks Have Boomed. Some Have Gone Too Far, Too Soon. (Barron’s)
16. New-home construction activity soars to highest level in over a decade, as builders rush to produce single-family homes (MarketWatch)
17. Factory activity surges in Mid-Atlantic region in January (MarketWatch)
18. Procter & Gamble Gets Shoppers to Pay Up (Wall Street Journal)
19. Restaurants Get Sales Lift From Latest Stimulus Checks (Wall Street Journal)
20. Commercial Real Estate Debt Sustained by Central Bank Bond Buying (Wall Street Journal)

1. 2 Reasons This Will Be Gilead’s Year, Says Morgan Stanley (Barron’s)
2. Hershey, Allstate and 8 Other Beaten-Down Stocks With Rising Earnings Prospects (Barron’s)
3. Shipping Rates Are Soaring. What That Says About the Economy — and Inflation. (Barron’s)
4. Netflix Is Soaring Because Subscriber Growth Topped Estimates and It May Even Buy Back Stock (Barron’s)
5. ‘Act big’ now to save economy, worry about debt later, Yellen says in Treasury testimony (Reuters)
6. US finance chiefs weigh how to spend vast corporate cash piles (Financial Times)
7. Morgan Stanley Reports Blowout Quarter Cementing The Bank’s Best Year In History (ZeroHedge)
8. Over $5B in US small business relief loans approved in first week –SBA (FoxBusiness)
9. Banks Need a Pickup in Loans to Prosper (Wall Street Journal)
10. Emerging Markets Have Less Reason to Fear the Fed (Wall Street Journal)
11. Herd Immunity Could Be Closer Than We Think (CNBC)
12. Janet Yellen suggests ‘curtailing’ cryptocurrencies such as Bitcoin, saying they are mainly used for illegal financing (Business Insider)
13. Biden’s rescue plan could boost 2021 GDP growth to 11.4%, JPMorgan’s global chief strategist says (Business Insider)
14. AMC soars 37% after issuing $100 million in debt to stave off bankruptcy (Business Insider)
15. Sen. Joe Manchin calls for up to $4 trillion in infrastructure spending as Democrats are poised to control Congress (Business Insider)
16. Emerging Markets Have Less Reason to Fear the Fed (Wall Street Journal)
17. This Should Be a Big Year for Industrial Stocks. These Are Wall Street’s Favorites. (Barron’s)
18. China’s Consumers Fall Behind Even as Its Economy Marches Forward (Wall Street Journal)
19. Biden to kick off presidency by signing 17 executive actions (New York Post)
20. New Opportunities and Risks Arise for Investors as Democrats Take Power (Barron’s)

1. Yellen Readies Big Changes for Treasury (New York Times)
2. Bank of America profits jump as it releases over $800m of loan loss reserves (Financial Times)
3. Dollar Shorts Mount Before Yellen Outlines Market-Based Policy (Bloomberg)
4. BofA Clients With $561 Billion Say Bitcoin Is Most Crowded Trade (Bloomberg)
5. Goldman Sachs Says Buy Stocks on Any Market Weakness (Bloomberg)
6. Goldman Sachs crushes analysts’ estimates on stronger-than-expected stock trading, banking (CNBC)
7. Bank of America posts profit that exceeds analysts’ expectations (CNBC)
8. China’s shift from coal helped push natural gas prices to a peak: Eurasia Group (CNBC)
9. Oil demand will pick up in 2021, but it will take until the second half of the year for that to filter through. The IEA is forecasting a rise of 5.5 million barrels per day in demand. (Business Insider)
10. Investor bets against the dollar are at their biggest in almost 10 years, but rising Treasury yields are a red flag for bears, analysts say (Business Insider)
11. How Walgreens, CVS, Kroger, and other retailers plan to leverage tech, convenience, and public trust to get the chaotic mass vaccine rollout back on track (Business Insider)
12. Emerging Markets Have Less Reason to Fear the Fed (Wall Street Journal)
13. Tomorrow Q4 Earnings Begin In Earnest: Here’s What To Expect… And Why They Don’t Matter (ZeroHedge)
14. The Dogs of the Dow and Other High Yielders Keep Roaring Into 2021 (Barron’s)
15. The Stock Market Can’t Get Much Better From Here. Why a Correction Could Be Coming. (Barron’s)
16. FT Alphaville presents: the EV bubble in real time (Financial Times)
17. Occidental claims green push ‘does more than Tesla’ (Financial Times)
18. Coronavirus latest: Halliburton signals oil industry poised to climb back after 2020 crash (Financial Times)
19. Boeing 737 Max recertified to fly in Europe from next week (Financial Times)
20. Investors think there’s more chance Tesla and bitcoin will halve than double, warns Deutsche Bank (MarketWatch)
21. Blackstone’s Schwarzman: New U.S. admin going to take a ‘softer tone’ towards China (Reuters)
22. The Geezer, Still a Goat: Ageless Tom Brady’s at It Again (Wall Street Journal)
23. Keystone XL Oil Project Pledges Zero Carbon Emissions (Wall Street Journal)
24. After Stock Surge, Investors Ask Companies What’s Ahead (Wall Street Journal)
25. Social-Media Algorithms Rule How We See the World. Good Luck Trying to Stop Them. (Wall Street Journal)