“More Good News” Stock Market (and Sentiment Results)…

CNBC Closing Bell

This morning I joined Ade Nurul Safrina on CNBC “Closing Bell” Indonesia to discuss the Fed’s move yesterday, Emerging Markets, Earnings and Markets Outlook moving forward.  Thanks to Safrina and Fitria for having me on:

CPS

As many of you know, Cooper Standard started as one of our largest three positions (by capital deployed) in May of 2022 and has grown into our largest position through price appreciation.
Continue reading ““More Good News” Stock Market (and Sentiment Results)…”

Be in the know. 20 key reads for Wednesday…

  1. Alibaba Cloud to Support Meta AI Model for Chinese Users. Why It’s a Big Deal. (barrons)
  2. CN State Media Says Stimulus Measures for Capital Mkts Anticipated to Be Launched Intensively (aastocks)
  3. “Something Very Strange Has Happened”: Albert Edwards Stunned By “The Maddest Macro Chart I Have Seen In Many Years” (zerohedge)
  4. Chinese stocks set to bounce back as strong earnings revive confidence: analysts (scmp)
  5. Alibaba Cloud Releases All-in-one HTAP Database Solution (aastocks)
  6. Inflation is heading to zero, according to the one factor Jerome Powell absolutely will not discuss (marketwatch)
  7. Microsoft, Google Are Key Earnings Movers After S&P 500 Hits New High; Fed Rate Hike Due (ibd)
  8. Google Earnings Beat Views Amid Rising AI Investments To Drive Ad, Cloud Growth (ibd)
  9. Fed Set to Raise Rates to 22-Year High and Decide If It’s Done Hiking (bloomberg)
  10. AT&T’s Results Eclipse Lead Problems (barrons)
  11. Global Economy Shows Signs of Resilience Despite Lingering Threats (nytimes)
  12. Fed Set to Hike as Hawks and Doves Diverge (bloomberg)
  13. How Jack Ma’s Ant Group Is Inching Toward IPO Reboot (bloomberg)
  14. Rolls-Royce Enters Fast Lane on Turnaround: The London Rush (bloomberg)
  15. Boeing’s quarterly results top expectations as airplane deliveries pick up pace (cnbc)
  16. Think there’s an AI bubble in the stock market? Think again. (businessinsider)
  17. Month-End Politburo Meeting Happens Sooner Than Expected (chinalastnight)
  18. I’m excited for what Alzheimer’s drugs will do for patients, says GE Healthcare CEO Peter Arduini (cnbc)
  19. This is the start of a new tech bull market, says Dan Ives after Big Tech earnings (cnbc)
  20. Chinese Investors Are in a Waiting Game: BNP Paribas (bloomberg)

Be in the know. 20 key reads for Tuesday…

  1. 3M Earnings Beat. The Stock Is Rising. (barrons)
  2. 3M raises full-year profit forecast (reuters)
  3. ‘We Were Wrong’: Morgan Stanley’s Wilson Offers Stocks Mea Culpa (bloomberg)
  4. China hints at bringing in a stimulus package to support its faltering economy (businessinsider)
  5. Cracks Inside the Fed Deepen at Crucial Moment in Inflation Fight (bloomberg)
  6. China Names Pan Gongsheng as New Central Bank Governor to Revive Economy (bloomberg)
  7. China’s New Central Banker Once Fixed a Crisis. He May Need to Again. (nytimes)
  8. China’s Foreign Minister Replaced After Unexplained Absence (wsj)
  9. S. Weighs Potential Deal With China on Fentanyl (wsj)
  10. GM tops earnings estimates and raises guidance for the second time this year (marketwatch)
  11. It’s Microsoft Earnings Day. Watch AI and the Cloud. (barrons)
  12. Dividend Stocks Are a Victim of AI’s Success. It’s Time to Buy. (barrons)
  13. Verizon Delivers Earnings Beat Despite Revenue Miss. The Stock Is Rising. (barrons)
  14. Alphabet Kicks Off Big Tech Earnings on Tuesday (barrons)
  15. GM delivered 691,978 vehicles in the U.S. in the second quarter, up from 582,401 delivered in the second quarter of 2022. (barrons)
  16. Stocks of Chinese developers jump after Beijing signals support for property sector (marketwatch)
  17. Stock-market ‘meltup’ will continue as long as there’s no sign of recession, says Steve Eisman of ‘Big Short’ fame (marketwatch)
  18. Why the Fed Isn’t Ready to Declare Victory on Inflation (wsj)
  19. Here Come the Family EVs (wsj)
  20. No one is really embracing this rally as an upward new bull market, says Fundstrat’s Tom Lee (cnbc)
  21. GM CFO Jacobson on Second-Quarter, Outlook, EV Demand (bloomberg)
  22. President Xi Gets Involved in 2nd Half Economic Planning (chinalastnight)
  23. Chinese Traders Hope Xi’s Lifeline Will Sustain Rally (bloomberg)
  24. Xi Goes Into Overdrive to Talk Up the Economy: Balance of Power (bloomberg)
  25. Warren Buffett Lifts Fossil Fuel Bets (bloomberg)