Category: What I’m Reading Today

Be in the know. 10 key reads for Wednesday…

  1. China’s Recovery Might Not Be as Bad as It Looks (barrons)
  2. Banks Are on a Roll. BofA Profit Boosted by Higher Rates. (barrons)
  3. Fund managers remain mostly bearish despite rising bets on a soft landing for the economy, BofA’s survey shows (marketwatch)
  4. S. dollar could soon wipe out all of its post-pandemic gains, Soc Gen strategist warns (marketwatch)
  5. Alzheimer’s Drugs May Be a Big-Pharma Payday. Lilly and Biogen Are Facing Off. (barrons)
  6. Retail Sales Are Slowing. What It Means for the Fed. (barrons)
  7. Bank ETFs bounce, with this fund heading for potentially best month since 2021 (marketwatch)
  8. Wall Street Sees Glimmer of Hope for Investment-Banking Revival (bloomberg)
  9. AT&T Says Less Than 10% of Its Network Has Lead Covered Cables (bloomberg)
  10. Air-Taxis Seen Zooming Through US Skies by 2028 in FAA Proposal (blooomberg)

Be in the know. 24 key reads for Tuesday…

  1. China vows to ‘restore and expand’ consumption to boost growth (cnbc)
  2. Kerry upholds U.S.-China ‘stability’ in symbolic Beijing visit (cnbc)
  3. This Yield Curve Inversion Is ‘Different,’ Goldman Sachs Says (yahoo)
  4. Cava—‘the Next Chipotle’—Faces a Tall Order (wsj)
  5. Bonds Rally as Rate-Hike Reprieve Comes Into View: Markets Wrap (bloomberg)
  6. Citigroup trading at a discount to book value, analyst says in upgrade (marketwatch)
  7. Bank of America stock rises after second-quarter earnings and revenue beat expectations (marketwatch)
  8. Henry Kissinger meets with China’s defense minister in Beijing (cnbc)
  9. Yellen Sees Disinflation Pressures at Work as Hiring Surge Fades (bloomberg)
  10. Bank of America tops analysts’ expectations amid higher interest rates (cnbc)
  11. Kerry in China and Ammonia’s Potential (bloomberg)
  12. China: Within retail sales, restaurants (technically called catering) increased +21.4% YoY while online retail sales increased +13.1%, with the online retail sales of physical goods increasing 10.8% YoY, accounting for 26.6% of the total retail sales of consumer goods. (chinalastnight)
  13. American chip companies need access to China: Semiconductor trade group (scmp)
  14. Lead Cables Will Be a Dead Weight for Telecom Carriers (wsj)
  15. A weakening US dollar will help power the stock market higher in the 2nd half of the year, Fundstrat says (businessinsider)
  16. Lockheed Martin Beats Earnings Estimates. The Stock Is Rising. (barrons)
  17. Ford Cuts Price of F-150 Lightning Electric Truck by Up to $10,000 (wsj)
  18. Euro Set for Longest Rally in Almost Two Decades as Dollar Sinks (bloomberg)
  19. US, China Seek Detente on Climate as Extreme Heat Bakes World (bloomberg)
  20. Josh Wolfe on Where Investors Will Make Money in AI (bloomberg)
  21. BofA Survey Shows Rising Soft Landing Bets, Rush to Big Tech (bloomberg)
  22. US Plans Narrow China Tech Investment Limits, Likely by 2024 (bloomberg)
  23. China’s risk of deflation is ‘serious’ — one economist says it’s ‘time to act’ (cnbc)
  24. Goldman Sachs cuts odds of a U.S. recession in the next year (cnbc)

Be in the know. 17 key reads for Monday…

  1. Beijing Plans to Launch 14 Measures to Support Development of Platform Enterprises (aastocks)
  2. Banks Earnings Just Started. Here’s What They’re Signaling. (barrons)
  3. New Apartments Are Opening Up. How the Glut Changes Rent. (barrons)
  4. China’s frail Q2 GDP growth raises urgency for more policy support (reuters)
  5. “The need to implement an active fiscal policy and a prudent monetary policy is obvious, Liu” said. (barrons)
  6. China’s economy misses growth forecasts, raising odds of more support for its tepid recovery (foxbusiness)
  7. PBOC Says Economy Is Job #1 (chinalastnight)
  8. China’s Fading Recovery Tests Policy Makers’ Economic Playbook (wsj)
  9. China’s economy grew 6.3%, missing expectations (cnbc)
  10. Ford Cuts Price of EV F-150 Lightning Truck by Up to 17% (wsj)
  11. Dollar’s Busted Bull Run Has Bears Calling End of an Era (bloomberg)
  12. Citi, Morgan Stanley, several banks see (China) growth of 5% this year (bloomberg)
  13. The Banking Crisis Changed Nothing, and Everything (bloomberg)
  14. Russia Terminates Black Sea Grain Deal, Wheat Prices Spike, As Extent Of Crimea Bridge Terrorist Attack Revealed (zerohedge)
  15. The Big Read. Does Xi Jinping need a plan B for China’s economy? (ft)
  16. Kremlin says it won’t cut ties with West, dialogue channels still needed (reuters)
  17. Beijing talks up ailing property market amid weak data (scmp)

Be in the know. 12 key reads for Sunday…

  1. US Dollar To See Further Weakness? (kimblechartingsolutions)
  2. Economists Cut Back Recession Expectations (wsj)
  3. Bond King, Felon, Billionaire Philanthropist: The Nine Lives of Michael Milken (wsj)
  4. Jeremy Siegel says we are in a ‘Goldilocks economy’ and the Fed doesn’t need to raise interest rates anymore (fortune)
  5. Tom Cruise Did 13,000 Practice Jumps for Biggest Stunt Ever (mensjournal)
  6. 2024 Ferrari Purosangue Review: A Worthy Supercar, Now in Family Size (thedrive)
  7. Alibaba’s intelligent services subsidiary launches new product to serve e-commerce merchants (technode)
  8. China’s Cainiao Express launches distribution centers in Dallas and Chicago (technode)
  9. The 15 Most Beautiful Beaches In Europe, According To European Best Destinations (forbes)
  10. The magic move in Cam Smith’s putting stroke, explained (golfdigest)
  11. Aston Martin’s Valour is the ultra-exclusive heavy hitter we’ve been dreaming of (classicdriver)
  12. US and China Seek Climate Reset With Kerry’s Visit to Beijing (bloomberg)

Be in the know. 17 key reads for Saturday…

  1. 8 Most Undervalued, Quality Bank Stocks (morningstar)
  2. The Koenigsegg Gemera Is Officially The ‘World’s Most Powerful & Extreme Production Car’ (maxim)
  3. The 50 Greatest Luxury Hotels on Earth (robbreport)
  4. 40 Picks for the Rest of the Year, According to Barron’s Roundtable Pros (barrons)
  5. Banks Just Started Reporting Earnings. What They’re Signaling. (barrons)
  6. The Stock Rally Is Vulnerable to One Factor. It isn’t Earnings. (barrons)
  7. Earnings by Big Banks Show Signs of Soft Landing (wsj)
  8. Large US banks reap bumper profits on Fed rate rises (ft)
  9. Elon Musk says his new AI firm will use Twitter data, work with Tesla (nypost)
  10. The ‘Everything Rally’ Is Back. So Is the Casino Crowd (bloomberg)
  11. BlackRock chief Larry Fink says US debt is ‘out of control’ – but an accelerating economy can solve that problem (businessinsider)
  12. Wharton professor Jeremy Siegel says the Goldilocks inflation figures for June put stocks in the ideal environment (businessinsider)
  13. 5 Book Recommendations By Jamie Dimon (aquirersmultiple)
  14. Taking the Temperature (Howard Marks)
  15. Why Small-Cap Stocks Are a Good Investment for the Long Term (youtube)
  16. Buffett on ignoring stock price fluctuations and thinking like a business owner (dgi)
  17. What’s Behind the Stock Market Rally (It’s Not Just Big Tech) (wsj)

Be in the know. 20 key reads for Friday…

  1. Tumbling US dollar a boon to risk assets across the globe (reuters)
  2. Intel CEO wraps up low-key China trip amid ongoing tech war (scmp)
  3. Chinese mutual funds buy US$351 million of own products in show of confidence (scmp)
  4. Exclusive: China invites global investors for rare meeting (reuters)
  5. Goldman Sachs: These 17 stocks could earn much more than the rest of Wall Street expects following a strong second half for markets (businessinsider)
  6. Americans Are Borrowing Again, Which Is Great News for Big Lenders (wsj)
  7. CEO fires 90% of customer support staff because AI chatbot outperformed them (nypost)
  8. Insurer’s Retreat in Florida Signals Crisis With No Easy Fix (nytimes)
  9. JPMorgan Earnings Get a Boost From Higher Rates, First Republic Deal (barrons)
  10. SpaceX Is Now Worth More Than Boeing and Raytheon (barrons)
  11. Deutsche Bank currency guru says it’s ‘time to sell the dollar’ as greenback sees longest losing streak since 2021 (marketwatch)
  12. The Stock Market Rally Seems Unstoppable. Here’s When the Naysayers Will Give In. (barrons)
  13. The AI Bubble Isn’t Big Enough. Why There’s More Upside Ahead for Big Tech. (barrons)
  14. The Yen, the Yuan, and the Dollar: How China and Japan Could Shore Up Their Economies (barrons)
  15. As Inflation Goes Down, Soft Landing Odds Improve (wsj)
  16. Emerging-Market Growth Bets Return, Helping Stocks Beat US Peers (bloomberg)
  17. BofA Stocks Indicator Sees S&P 500 Surging 16% in Next 12 Months (bloomberg)
  18. ‘I don’t see why people are going to sell their stocks.’ ‘Big Short’ investor Steve Eisman says stocks will keep rallying as long as the economy stays healthy (businessinsider)
  19. U.S. consumer sentiment soars in July to highest level since September 2021 (marketwatch)
  20. US Federal Debt Interest Payments About To Hit $1 Trillion (zerohedge)

Be in the know. 25 key reads for Thursday…

  1. Alibaba, JD.com Stocks Gain. China Is Backing Tech as Economy Splutters. (barrons)
  2. Traders flock back to China tech stocks after premier acknowledges economic role (scmp)
  3. Fund Titans Are Betting on Everything Gaining Against the Dollar (bloomberg)
  4. PPI shows lowest U.S. annual wholesale inflation rate — 0.1% — since September 2020 (marketwatch)
  5. Alibaba, Tencent and Meituan praised by Beijing for helping China’s tech progress in new sign of attitude change (scmp)
  6. Premier Li Puts Final Nail In Coffin For Internet Regulation, Praises Platform Economy (chinalastnight)
  7. Xi Gets Serious About Boosting Private Sector as Economy Slumps (bloomberg)
  8. China’s state planner praises Tencent, Alibaba as attitude towards tech shifts (yahoo)
  9. China’s tech giants off leash after years-long crackdown, as Beijing primes them to be the economic engine they once were (scmp)
  10. Chip wars: How ‘chiplets’ are emerging as a core part of China’s tech strategy (reuters)
  11. Bill Dudley Says CPI Could Make July Last Fed Rate Hike (bloomberg)
  12. Delta’s Record Revenue (barrons)
  13. Pepsi Raises Guidance (barrons)
  14. It’s a Stockpicker’s Market. What That Means and What to Buy. (barrons)
  15. Boeing and 17 Other Money-Losing Companies That Are About to Turn a Profit (barrons)
  16. Disney Stock Climbs After Bob Iger Extends Stay as CEO. (barrons)
  17. Citigroup Posts Earnings Friday. Here’s What Wall Street Expects. (barrons)
  18. Inflation Eased to 3% in June, Slowest Pace in More Than Two Years (wsj)
  19. Inflation Cools Sharply in June, Good News for Consumers and the Fed (nytimes)
  20. Dollar Falls to Its Lowest Level Since April 2022 (bloomberg)
  21. Biggest US Banks Are Bracing for Cost Pressures, Rate Struggle (bloomberg)
  22. China Takes Friendlier Approach to AI in Finalized Guidelines (bloomberg)
  23. Chinese Tech Stocks Advance as Signs of Official Support Grow (bloomberg)
  24. China Premier Meets Major Tech Companies, Vows More Support (bloomberg)
  25. ‘Disinflation Is Here,’ Says Ed Yardeni (bloomberg)

Be in the know. 27 key reads for Wednesday…

  1. China Premier Meets Major Internet Companies, Vows More Support (bloomberg)
  2. China’s powerful economy planner praises Alibaba, Tencent, Meituan (scmp)
  3. Pressure Builds On China To Open Easing Floodgates Further (zerohedge)
  4. China Loan Growth Picks Up After Rate Cut (bloomberg)
  5. China’s Huawei poised to overcome US ban with return of 5G phones, research firms say (reuters)
  6. Alibaba hiring seed-breeding scientists amid growing appetite for food security (scmp)
  7. Inflation Eased to 3% Last Month (wsj)
  8. Gilead Just Bought $30 Million More of 2 Biotech Stocks (barrons)
  9. How a Houston Oilman Confounded Climate Activists and Made Billions (wsj)
  10. Why High Car Costs Aren’t Scaring Off Buyers (barrons)
  11. 3 Rules for Buying Bank Stocks (barrons)
  12. This small-cap stock index achieves first ‘golden cross’ in almost half a year, pointing to potential rally (marketwatch)
  13. New Instant-Payment System (FedNOW), not so “New” (barrons)
  14. ‘Mission: Impossible—Dead Reckoning Part One’ Review: Real Tom Cruise, AI Enemy (wsj)
  15. The AI Boom Is Here. The Cloud May Not Be Ready. (wsj)
  16. Shopify Fuels Meeting Purge By Shaming Employees With Cost Calculator (bloomberg)
  17. Golf Courses, Wave Pools and Gucci: Sao Paulo’s ‘Greenwich’ Has it All (bloomberg)
  18. Why Private Equity Is Chasing Plumbers and Lumber Yards (bloomberg)
  19. China Regulator Asked Banks to Respond to Bearish Goldman Report (bloomberg)
  20. Don’t stress about recession with inflation cooling and the job market booming, Nobel economist Paul Krugman says (businessinsider)
  21. Tech stocks will rally as much as 15% more as “the AI revolution is here”, Wedbush analyst Dan Ives says (businessinsider)
  22. Morgan Stanley: These 37 stocks are the emerging leaders of the global AI arms race, and will see double the profit growth of the broader market over the next 3 years (businessinsider)
  23. Buffett Buys One Of Only Seven US LNG Export Terminals In $3.3 Billion Deal (zerohedge)
  24. Strategists Say Sell The AI Rally Now – Buy 5 Goldman Sachs Conviction List Top Picks With Massive Upside Potential (247wallst)
  25. Analysis: Yellen raised China’s hopes for tariff cut; U.S. politics will crush them (reuters)
  26. A.I. is having a 1995 moment, says Wedbush’s Dan Ives (cnbc)
  27. We’ve only seen the beginning of Moderna’s story, says Goldman Sachs’ Salveen Richter (cnbc)

Be in the know. 25 key reads for Tuesday…

  1. China Signals More Economic Aid After Property Debt Relief (bloomberg)
  2. Chinese Embrace Summer Holiday Flying for First Time in Years (bloomberg)
  3. 3M Stock Gets an Upgrade. Finally, There Are Positive Catalysts. (barrons)
  4. China’s Xi Calls for Greater Economic Opening in Charm Offensive (bloomberg)
  5. Why Big Tech Is Getting Hit by Nasdaq 100 Rebalance (barrons)
  6. How this Amazon Prime Day Could Be Huge for the Stock (barrons)
  7. Walmart Is Quietly Growing Into a Retail Tech Titan (barrons)
  8. Amazon Stock Is a Buy Into Earnings. That’s Only Half the Story. (barrons)
  9. Howard Marks says he’s made five great market calls in his career. Here’s how he did it. (marketwatch)
  10. Alibaba, JD.Com, and Other China Stocks Rebound on Hopes the Tech Crackdown Is Over (barrons)
  11. These companies have beaten the Rule of 40 year after year (marketwatch)
  12. Disney’s stock is slumping, but one analyst sees a silver lining (marketwatch)
  13. Starbucks and Booking Are Possible Outperformers From the Nasdaq 100 Rebalance (barrons)
  14. Prime Day for Stocks? Disney, Moderna and 13 More That Look Like Bargains. (barrons)
  15. Used-Car Prices Drop by a Record. (barrons)
  16. 10 Stocks Will Make You 30% Richer Than Others In A Year, Analysts (investors)
  17. JPMorgan, Wells Fargo Near Buy Points With Q2 Earnings Fuse Lit (investors)
  18. Stock Market Bottoms Look A Lot Alike; Here’s How To Identify One (investors)
  19. Warren Buffett Bets On LNG, Despite Low Gas Prices, With This $3 Billion Deal (investors)
  20. There are 5 big reasons experts are worried about a recession – but there’s a bullish response to all of them (businessinsider)
  21. Manhattan Luxury Real-Estate Market Heats Up (wsj)
  22. Citi expects Intel (INTC) to beat Q2 guidance (streetinsider)
  23. 3M shares gain after Bank of America upgrades rating (streetinsider)
  24. Amazon (AMZN) ‘risk/reward still favorable on the print,’ added to Wells Fargo Signature Picks (streetinsider)
  25. Hedge funds slash bets on US stocks after rally and pivot to Europe (ft)

Be in the know. 40 key reads for Monday…

  1. China to Extend Policies to Support Ailing Property Market (bloomberg)
  2. Fundstrat’s Tom Lee explains why the S&P 500 will gain at least 100 points in the next week (cnbc)
  3. TSMC Sales Ride AI Demand Boost to Beat Estimates (bloomberg)
  4. Yellen Says US-China Ties on ‘Surer Footing’ After Beijing Visit (bloomberg)
  5. Yellen had a ‘constructive visit’ to China with opportunities for ‘more frequent contacts’ in the future, she says (cnbc)
  6. China Slides to Brink of Deflation, Adding Stimulus Urgency (bloomberg)
  7. Yellen says Beijing talks a step forward in putting U.S.-China ties on ‘surer footing’ (cnbc)
  8. The 10 Best Companies to Invest in Now (morningstar)
  9. Treasury Secretary Yellen’s China trip ‘went as well as can be expected’, says APCO’s Jim McGregor (cnbc)
  10. Has Janet Yellen’s trip to Beijing improved US-China relations? (bbc)
  11. Yellen: Progress in U.S.-China Ties Despite Disagreements (barrons)
  12. The world is big enough for US and China, Yellen says as she concludes Beijing trip (cnn)
  13. 3 Takeaways From Janet Yellen’s Trip to Beijing (nytimes)
  14. Generative AI Is Driving ‘The Next Supercycle Of Cloud Computing’ (investors)
  15. Rents Aren’t Rising as Fast. 2 Big Reasons Why. (barrons)
  16. Yellen Trip Aids Fragile Effort by U.S. and China to Keep Talking (wsj)
  17. Treasury Secretary ​Hails Progress (wsj)
  18. Is the eurozone’s jobs market as strong as rate-setters think? (ft)
  19. Bill Gates says Warren Buffett taught him to value free time: Filling ‘every minute of your schedule’ doesn’t make you more serious (cnbc)
  20. 11 Book Recommendations By Terry Smith (acquirersmultiple)
  21. Alibaba’s Ant Group Accepts Fine, Could An IPO Be Next (chinalastnight)
  22. 33 Undervalued Stocks (morningstar)
  23. Mauritius’s Newest Golf Course Aims to Crack the Top 100 in the World. Here’s What It’s Like to Play It. (robbreport)
  24. Red Meat and Cheese Are Unlikely to Lower Life Expectancy, According to a New Study (mensjournal)
  25. Alibaba unveils Midjourney alternative Tongyi Wanxiang (technode)
  26. How Shein became a fast-fashion behemoth (npr)
  27. The rise of American natural gas (npr)
  28. A Neurologist Answers Questions Patients Might Have about the New Alzheimer’s Drug Lecanemab (scientificamerican)
  29. How to Destroy ‘Forever Chemicals’ (scientificamerican)
  30. 2024 Rolls-Royce Spectre Is Exactly What You’d Expect an Electric Rolls to Be (roadandtrack)
  31. The Aston Martin DB12 Feels More Complete than the DB11 Ever Did (roadandtrack)
  32. Cam Smith wins for first time in 7 months, now sets sights on Open Championship title defense (golfdigest)
  33. The Best Golf Courses in Every State (golfdigest)
  34. No boom, no bust (scottgrannis)
  35. Let’s celebrate the 50th anniversary of the legendary Ferrari Berlinetta Boxers (classicdriver)
  36. History Says Big Tech’s Rule Over US Stocks Shouldn’t Be Feared (yahoo)
  37. Buy European Stocks as Discount Hits New Low, Citigroup Strategists Say (bloomberg)
  38. Powell Haunted by Repo Crisis as Fed Aims to Cut Balance Sheet (bloomberg)
  39. Why US Investors Should Cheer Yellen’s Successful Trip (chinalastnight)
  40. Jefferies Expects Ant Group to Value at USD100B (aastocks)