Be in the know. 12 key reads for Wednesday…

  1. Mortgage demand from homebuyers amazes again, now up 13% annually despite rising rates (CNBC)
  2. The Rally in Cyclical Stocks Is Just Getting Started. Citi, Chevron, and 38 Other Stocks to Play the Rebound. (Barron’s)
  3. AMC to reopen theaters globally in July (CNBC)
  4. Six things to watch at the Federal Reserve meeting (Financial Times)
  5. Why Occidental Stock May Have More Upside (Barron’s)
  6. Hong Kong’s dollar peg faces new scrutiny as security law looms (Financial Times)
  7. Value and growth investments gap at 25-year high (Financial Times)
  8. BofA Securities Upgrades Occidental Petroleum (OXY) to Buy; ‘Moving up the risk curve’ (Street Insider)
  9. Gundlach Warns Rising Rates May Lead Fed to Yield-Curve Control (Yahoo! Finance)
  10. 3 Ways to Play the Most Hated Stock Market Rally in History (Barron’s)
  11. Coronavirus Obliterated Best African-American Job Market on Record (Wall Street Journal)
  12. Hassett Sees Another Stimulus Bill From Congress Before August Recess (Wall Street Journal)

Be in the know. 17 key reads for Tuesday…

  1. Fed Makes Small Business Loans Easier to Get (Barron’s)
  2. This Is One Genre of Music That Isn’t Hurting Right Now (Bloomberg)
  3. There’s a ‘disconnect’ with bank stocks and they should climb higher, top analyst says (CNBC)
  4. Value Stocks Are Coming Back as Momentum Shares Lose Their Mojo (Barron’s)
  5. ‘People Are Getting in Planes’: The Travel Business Is Picking Up (New York Times)
  6. US stocks erase all losses for the year (Financial Times)
  7. Fed likely to signal near-zero rates for years (USA Today)
  8. Brinker International says Chili’s is outpacing the competition as hundreds of dining rooms re-open for business (MarketWatch)
  9. Consumers ‘More Optimistic’ About Economy’s Future in May, New York Fed Says (Wall Street Journal)
  10. Once bitten, not shy: Investors again seek margin loans as stocks rally (Reuters)
  11. US frackers to zero in on richest oil fields after coronavirus (Fox Business)
  12. Germany’s ‘ka-boom’ stimulus marks a surprising change (Financial Times)
  13. Tesla, Amazon Backer Baillie Gifford Invests $35M In Air Taxi Startup Lilium (Benzinga)
  14. BofA Securities Upgrades Occidental Petroleum (OXY) to Buy; ‘Moving up the risk curve’ (Street Insider)
  15. 4 new vehicles could change Ford’s financial course (USA Today)
  16. Here’s the only thing investors need to know about the stock market right now, says 50-year veteran (MarketWatch)
  17. This Money Supply Metric Says Stocks Will Keep Rallying (Barron’s)

Be in the know. 18 key reads for Monday…

  1. Party Like It’s 1983 (Wall Street Journal)
  2. Five charts that track the U.S. economy amid reopening progress (CNBC)
  3. Hospitals Got Bailouts and Furloughed Thousands While Paying C.E.O.s Millions (New York Times)
  4. Chimerica Isn’t Dead, but the Pandemic Wounded It (Wall Street Journal)
  5. Oil prices motor to levels not seen in months as OPEC+ extends historic cuts (Fox Business)
  6. AstraZeneca contacted Gilead over potential megamerger: Bloomberg News (Street Insider)
  7. Las Vegas Is Open for Business Again: 4 Top Gaming Stocks (24/7 Wall Street)
  8. New York City reopens under Phase One on Monday (New York Post)
  9. Bull, bear, bull, bear and now a new bull market — whatever’s next, these stocks will outperform, strategist says (MarketWatch)
  10. Japan Bankruptcies Hit Lowest Since the 1960s: What Gives? (Bloomberg)
  11. Fed Debates Whether to Reinforce Low-Rate Pledge With Yield Caps (Wall Street Journal)
  12. Saudi Arabia’s Secret Plans to Unveil Its Hidden da Vinci—and Become an Art-World Heavyweight (Wall Street Journal)
  13. U.S. Fed’s Main Street lending facility likely to start with a whimper (Reuters)
  14. Stanley Druckenmiller says he’s been ‘humbled’ by market comeback, underestimated the Fed (CNBC)
  15. New CEO Bought Stock in UPS (Barron’s)
  16. Barron’s Daily: Travel Stocks Continue Their Rebound. Not Even a Tropical Storm Can Stop the Rally. (Barron’s)
  17. HP Stock Is Slumping. The CEO and a Director Made the First Insider Buys in Years. (Barron’s)
  18. Emerging-Market Rally Seen Unstoppable as Traders Turn to Powell (Bloomberg)

Be in the know. 10 key reads for Sunday…

  1. Move Over, Moderna: Why Pfizer May Be The Better Bet To Deliver A Vaccine By Fall (Forbes)
  2. First CRISPR gene editing trial in cancer patients points to safety of technique in medical treatments (FirstPost)
  3. CT: Indoor dining, gyms, movie theaters, small weddings and events to reopen June 17, three days early (News Times)
  4. Hennessey Unleashes Fastest C8 Corvette Stingray Yet (Maxim)
  5. The Business Of Antibody Tests (NPR Planet Money)
  6. Ferrari 812 Superfast Review: One of the Best Engines of All Time (TheDrive)
  7. Michael Jordan pledges $100M to promote racial equality (Fox Business)
  8. California Gov. Gavin Newsom Reveals TV, Film Production Can Restart June 12 (Hollywood Reporter)
  9. Ariel founder: ‘Black people are locked out’ (Pensions & Investments)
  10. Baker Hughes: US rig count down 17 units to 284 (Oil & Gas journal)

Be in the know. 20 key reads for Saturday…

  1. OPEC+ Agrees to Extend Output Cuts as Quota Cheats Offer Penance (Bloomberg)
  2. Selloff reminiscent of an older bear market: Oakmark’s Nygren (CNBC)
  3. A Booming Stock Market Could Come Back to Bite the Recovery (Bloomberg)
  4. Can Big Business Fix Racial Injustice? It Has to Try. (Barron’s)
  5. 3 Stocks That Could Benefit When Dining Out Returns (Barron’s)
  6. Here are the 10 most under and overbought S&P 500 stocks, according to Goldman (MarketWatch)
  7. How the U.S. dollar’s ‘almost silent slide’ is juicing the stock-market rally (MarketWatch)
  8. These stocks rose by double digits Friday as underperforming sectors bounced back (MarketWatch)
  9. American Airlines stock adds to its tally of records with a weekly gain of over 75% (MarketWatch)
  10. Minneapolis-based U.S. Bancorp to spend over $115 million to address ‘economic and racial inequities’ (MarketWatch)
  11. Antibody Drugs Could Help Curb the Pandemic. What Investors Need to Know. (Barron’s)
  12. Occidental Stock Rockets 30% Higher (Barron’s)
  13. Amid U.S.-China Tensions, Active Managers Are Buying (Barron’s)
  14. U.S. Unemployment Rate Fell to 13.3% in May (Wall Street Journal)
  15. Home Prices Are Rising, Along With Post-Lockdown Demand (New York Times)
  16. Bears Thwarted Again by Stock Market That Believes in Recovery (Bloomberg)
  17. These 25 Photos Show Why Things Were Designed The Way They Were (Fetch Sport)
  18. Meet the estate agents turning themselves into superstars (Financial Times)
  19. The Art of Being Alone (Farnam Street)
  20. Jamie Dimon: Fed is bringing out the bazooka (YouTube)

Be in the know. 20 key reads for Friday…

  1. Stocks Take Off as Jobs Come Back (Barron’s)
  2. China to Allow Foreign Airlines to Restore Some Flights After U.S. Pressure (Wall Street Journal)
  3. Time to Buy Emerging Markets? (Barron’s)
  4. Oil Rebounds as Market Waits for Production Cuts (Barron’s)
  5. Oil prices rise as OPEC+ seen setting stage for weekend meeting (MarketWatch)
  6. Casino Stocks Are Surging as Las Vegas Reopens (Barron’s)
  7. ‘Europe Finally Got the Message’: Leaders Act Together on Stimulus (New York Times)
  8. Researchers Retract Study Linking Malaria Pill to Heart Risk (Bloomberg)
  9. History Suggests the Handshake Will Survive the Pandemic (Bloomberg)
  10. Is the Coronavirus Really Getting Weaker? (Bloomberg)
  11. Trump Team Envisions Up to $1 Trillion for Next Stimulus Round (Bloomberg)
  12. Las Vegas Casinos Reopen With $30-a-Night Rooms on the Strip (Bloomberg)
  13. 10-year Treasury yield surges above 0.9% after better-than-expected jobs report (CNBC)
  14. The ‘Inconvenient Fact’ Behind Private Equity Outperformance (Institutional Investor)
  15. ‘The biggest payroll surprise in history’ — economists react to May jobs report (MarketWatch)
  16. India Stocks Set for Second Weekly Gain on Easing Lockdown (Bloomberg)
  17. European Central Bank Ramps Up Stimulus Program Beyond $1.5 Trillion (Wall Street Journal)
  18. Airlines Add Flights as Travel Slowed by the Coronavirus Starts to Pick Up (Wall Street Journal)
  19. Americans Are Saving More, but How Long Can It Last? (Wall Street Journal)
  20. Investors Climb Back Into Riskiest Emerging-Market Bonds (Wall Street Journal)

Be in the know. 25 key reads for Thursday…

  1. ECB to Spend Extra 600 Bn Euro on Emergency Bond Buys (Barron’s)
  2. Deutsche Bank Upgrades Wells Fargo (WFC) to Buy; Risks Priced In (Street Insider)
  3. The Morgan Wallen “Chasin’ You” Stock Market (and Sentiment Results)… (Zero Hedge)
  4. Friday’s Job Report Could Support Recovery Hopes (Barron’s)
  5. Consumer Spending Trickles Back as U.S. Reopens (Barron’s)
  6. Podcast: The Paycheck Protection Program Is Starting to Run Out (Barron’s)
  7. History Can Show Us Why the Market Is Rising Now (Barron’s)
  8. Pinterest Accelerates Tech Projects as Pandemic Boosts User Engagement (Wall Street Journal)
  9. Fed Expands Municipal Bond Program, Opening Door to Some Smaller Cities (New York Times)
  10. Beijing to Give $1.7 Billion in Vouchers to Boost Shopping (Bloomberg)
  11. Global GDP Tracker’s 2.3% Drop in May Shows Worst Over (Bloomberg)
  12. Fauci (the Horse) Loses Race Badly in the Mud at Belmont Park (Bloomberg)
  13. European Central Bank takes its pandemic bond buying to 1.35 trillion euros to try and prop up economy (CNBC)
  14. Here are the 9 economic relief programs the Fed is using to combat coronavirus fallout (Business Insider)
  15. An oil CEO says crude prices could surge 90% to $70 by fall because US firms have ‘over-cut production’ (Business Insider)
  16. Saudi Arabia and Russia push for an extension to output cuts, OPEC+ meeting this week still possible (CNBC)
  17. American Airlines (AAL) Increases Domestic Flying for Summer Travel Season, Begins Reopening Admirals Clubs and Increases Flexibility (Street Insider)
  18. 10 US Oil Companies Still Likely to Thrive in 2030 (24/7 Wall Street)
  19. 1.88 million workers file for unemployment benefits (Yahoo! Finance)
  20. Nio stock surges after company posts record-high deliveries for May (MarketWatch)
  21. Homebuilders will benefit from Millennials leaving cities: Expert (Fox Business)
  22. U.S. banks attract bargain hunters (Reuters)
  23. Locked-Up Journalists. Espionage Investigations. Constitutional Challenges. The Government’s Release of Economic Data Was Arcane and Complex — Until Now. (Institutional Investor)
  24. Gilead Analyst: Coronavirus Drug, Arcus Collaboration Make Biopharma A Buy (Benzinga)
  25. Royal Caribbean to offer up to $2 billion in bonds and convertible bonds that mature in 2023 (MarketWatch)

Be in the know. 25 key reads for Wednesday…

  1. ADP Employment Change (May) -2.76M vs -9M Expected (StreetInsider)
  2. Gilead developing inhaled remdesivir usable outside of hospitals (New York Post)
  3. Trump Administration Escalates Global Fight Over Taxing Tech (New York Times)
  4. Small banks and small businesses turned out to be a good combination when it came to PPP loans (USA Today)
  5. Eurozone services PMI climbs to 30.5 in May (MarketWatch)
  6. Restaurant bookings have fully recovered in Germany in a sign that activity rebounds quickly as lockdowns ease (MarketWatch)
  7. Here’s what the ECB has been buying with the special pandemic asset-purchase program that it is set to expand (MarketWatch)
  8. Barron’s Daily: Good News Stock Investors — the Dollar Is Slumping (MarketWatch)
  9. Gilead’s stock upgraded on high hopes for remdesivir revenue (MarketWatch)
  10. The No. 1 thing Americans are spending their stimulus checks on — even more than shopping at Costco, Walmart and Target (MarketWatch)
  11. Saudi, Russia reach deal on oil cuts, raising pressure for compliance (Reuters)
  12. China drives global oil demand recovery out of coronavirus collapse (Reuters)
  13. Boeing jumps after Third Point reveals stake in monthly report (TheFly)
  14. Real Estate Investors View Small Cities as Big Opportunities (Institutional Investor)
  15. China Caixin service PMI up sharply in May (MarketWatch)
  16. What Happened in 1968 Can Show Us Why the Market Is Rising Now (Barron’s)
  17. Lyft Says Ride Volumes Picked Up Smartly in May (Barron’s)
  18. Boeing and Airbus Will Benefit First From an Aerospace Recovery (Barron’s)
  19. A Relative Calm as U.S. Cities Undergo Curfews (Wall Street Journal)
  20. How many small businesses in US are now fully or partially open (Fox Business)
  21. Mortgage demand from homebuyers jumps 18%, as interest rates set another record low (CNBC)
  22. Heart Drugs Show Promise With Covid-19 Complications (Wall Street Journal)
  23. British Pound Climbs on Optimism Over EU Trade Talks (Wall Street Journal)
  24. Fed Promised to Buy Bonds but Is Finding Few Takers (Wall Street Journal)
  25. Coronavirus Stimulus Funds Are Largely Spoken for Wall Street Journal)

Be in the know. 20 key reads for Tuesday…

  1. New coronavirus losing potency, top Italian doctor says (Reuters)
  2. Why Protests Rarely Rattle Markets (Barron’s)
  3. Coty shakes off Kylie Jenner problem, surges 20 percent after KKR buys stake (New York Post)
  4. American Exporters Sell Soy to China Despite Rising Tensions (Bloomberg)
  5. Pound Advances on Glimmer of Optimism Around Latest Brexit Talks (Bloomberg)
  6. Investment banks are torn on which way the market is heading. Citi warns stocks are ‘way ahead of reality,’ but JPMorgan says they can climb higher. (Business Insider)
  7. The pandemic leads to a running boom in America: Morning Brief (Yahoo! Finance)
  8. Oil prices rise ahead of OPEC+ meeting on output cuts (Reuters)
  9. EasyJet to restart flights to 75% of route network by August (BBC)
  10. Oil Prices Mixed As OPEC Tries To Get Ahead Of New Flash Point (Investor’s Business Daily)
  11. Citi Option Trader Bets Nearly $1M On Long-Term Upside (Benzinga)
  12. The Buy-Side Trader Is Getting Outsourced in Coronavirus Crisis (Bloomberg)
  13. One in Four U.S. Covid-19 Deaths Are in Nursing Homes, Data Shows (Wall Street Journal)
  14. The Lancet’s Politicized Science on Antimalarial Drugs (Wall Street Journal)
  15. Buy Lilly, AbbVie and Merck, J.P. Morgan Says (Barron’s)
  16. Las Vegas Casinos Reopen This Week. The Stocks May Reap Different Fortunes. (Barron’s)
  17. Norwegian Cruise Stock Has Tumbled. The Company Has a New Top Investor. (Barron’s)
  18. Here Are Six Dividend Stocks With Solid Payout Prospects—and a Built-In Exit Strategy (Barron’s)
  19. Morgan Stanley Thinks a V-Shaped Recovery Is Possible (Barron’s)
  20. Who Can Get a Loan Through the Paycheck Protection Program? (Barron’s)

Be in the know. 20 key reads for Monday…

  1. Wall Street and Fed fly blind as coronavirus upends annual stress tests (Reuters)
  2. Chinese manufacturing output surged the most in 9 years in May, signaling a coronavirus recovery. (Business Insider)
  3. OPEC+ to Discuss Short Extension of Oil Output Cuts (Bloomberg)
  4. Russians claim to have an effective treatment for the coronavirus, which hospitals will start using this month (CNBC)
  5. Coronavirus May Be a Blood Vessel Disease, Which Explains Everything (Medium)
  6. Tesla CEO Elon Musk Makes History With SpaceX (Barron’s)
  7. Not All Cyclicals Are Created Equal. These 7 Are Resilient. (Barron’s)
  8. Dollar Slides as Investors Regain Confidence in Global Economy (Wall Street Journal)
  9. Tenants Largely Stay Current on Rent, for Now (New York Times)
  10. Record Ratings and Record Chaos on Cable News (New York Times)
  11. Wuhan’s Mass Testing May Have Eradicated the Coronavirus (Bloomberg)
  12. The Unusual Ambitions of Chamath Palihapitiya (Institutional Investor)
  13. Women-led hedge funds beat male rivals in coronavirus crisis (Financial Times)
  14. Nio CEO Says Tesla An Ally In Increasing Sales, Remains Bullish On Chinese EV Market Growth (Benzinga)
  15. Yale Epidemiologist: Hydroxychloroquine Should Be ‘Widely Available And Promoted Immediately’ As Standard Treatment (ZeroHedge)
  16. Barron’s Picks And Pans: Cheniere Energy, Delta Air Lines, Extended Stay And More (Benzinga)
  17. Goldman Sachs bets against the dollar as economies reopen (CNBC)
  18. 7 Cyclical Stocks That Can Ride Out the Coronavirus Slump (Barron’s)
  19. Europeans Want to Travel Again. What That Means for Booking Stock. (Barron’s)
  20. Remote Work Could Spark Housing Boom in Suburbs, Smaller Cities (Wall Street Journal)