Be in the know. 15 key reads for Saturday…

  1. Bearish Sentiment on Stocks Is Best Thing Rally Has Going for It (bloomberg)
  2. Deposits at Small U.S. Banks Stabilized Last Week (barrons)
  3. The Fed’s Preferred Inflation Gauge Cooled Notably in February (nytimes)
  4. Rolls-Royce’s CEO Has a Turnaround Plan. The Stock Is Revving Up. (barrons)
  5. There’s a simple reason why it’s very likely that the stock market bottomed in October (businessinsider)
  6. China’s Consumers Extend Economic Rebound From Pandemic (wsj)
  7. Google cuts lavish employee perks — including ‘micro-kitchens’ in push to save (nypost)
  8. TikTok hires ex-Obama officials, ex-Disney exec in trying to avoid US ban (nypost)
  9. ‘Big Short’ hedge boss was ‘wrong to say sell’ as Nasdaq 100 enters bull market (nypost)
  10. How we know the super-rich are finally clamping down on spending (nypost)
  11. The Big Read. China truce with business — for now (ft)
  12. Flood of cash into US money market funds could add to banking strains (ft)
  13. Macau Gaming Revenue Jumps to Three-Year High on Tourism Boom (bloomberg)
  14. David Einhorn regrets selling his early Apple stake, predicts the Fed will pull back in fighting inflation, and reveals he’s betting on AI in a new interview. Here are the elite investor’s 8 best quotes. (businessinsider)
  15. Morningstar: Buy these 10 cheap stocks that will maintain higher-than-average dividends as a looming economic slowdown makes it even harder to find strong returns (businessinsider)

Be in the know. 22 key reads for Friday…

  1. Jack Ma Engineered Alibaba’s Breakup From Overseas (wsj)
  2. This Week in China: Stock Market Starts to Believe in Recovery (bloomberg)
  3. Fed-Favored Inflation Gauge Rises by Less Than Forecast, Spending Moderates (bloomberg)
  4. BofA Says Investors Poured $508 Billion Into Cash This Quarter (bloomberg)
  5. 2023 has been bad for the bears. Here are 5 reasons why it’s going to get even worse. (marketwatch)
  6. Cornering Classic Cars (bloomberg)
  7. Mickey Drexler interview: Here’s what retailers could learn from Steve Jobs (nypost)
  8. Flight to Money Funds Is Adding to the Strains on Small Banks (bloomberg)
  9. How Moneyball Investing Ran Into a Data Squeeze Play (bloomberg)
  10. China’s Strong PMIs Show Economic Recovery Gaining Traction (bloomberg)
  11. Cooper Standard Honored by General Motors as Supplier of the Year (cps)
  12. Michael Burry Says He Was ‘Wrong to Say Sell,’ Congratulates Dip Buyers (bloomberg)
  13. Small Banks Are Losing to Big Banks. Their Customers Are About to Feel It. (wsj)
  14. Dungeons & Dragons’ Epic Quest to Finally Make Money (bloomberg)
  15. China’s chip industry will be ‘reborn’ under U.S. sanctions, Huawei says, confirming breakthrough (cnbc)
  16. The dollar slipped this quarter after surging in 2022. Its struggles could be a sign of things to come. (businessinsider)
  17. Ford just upped the price of electric F-150 Lightning pickup – again (usatoday)
  18. Billionaire investor Bill Gross says the Fed easing up in fighting inflation could fuel a rally in government bonds (businessinsider)
  19. China Home Sales Continue to Rise in Latest Sign of Recovery (bloomberg)
  20. U.S. consumer spending retreats in February; inflation cools (reuters)
  21. Chinese companies rush for U.S. listings ahead of new rules (reuters)
  22. Rolls-Royce replaces finance director as new chief shakes up top team (ft)

Unusual Option Activity – Norwegian Cruise Line Holdings Ltd. (NCLH)

Data Source: Barchart

On Thursday some institution/fund purchased 3,961 contracts of Jan. 2025 $12.50 strike calls (or the right to buy 396,100 shares of Norwegian Cruise Line Holdings Ltd. (NCLH) at $12.50). The open interest was just 551 prior to this purchase.

Continue reading “Unusual Option Activity – Norwegian Cruise Line Holdings Ltd. (NCLH)”

Be in the know. 25 key reads for Thursday…

  1. Alibaba’s $20 Billion Logistics Arm Gears Up for Hong Kong IPO (bloomberg)
  2. Small Banks Lose to Big Banks as Deposits Shift (wsj)
  3. Alibaba May Cede Control of Some Units in Split-Up Plan. Probably Not These Two. (barrons)
  4. Intel Stock Surges as New Chips to Be Ready Sooner. What Analysts Say. (barrons)
  5. Breaking Up, for Alibaba and a Playlist. Plus, CRE (bloomberg)
  6. Spain inflation falls more than expected to 3.3% in March (reuters)
  7. After a more than $1 trillion rout, Beijing appears to be warming to Chinese tech giants (cnbc)
  8. Carl Icahn Wants to Bring Illumina’s Old CEO Back (wsj) The first wave of deposit outflows is nearly over. A second wave has already started, this strategist says. (marketwatch)
  9. Banks were worth owning before the SVB collapse. Now they’re cheap and M&A is coming, say these strategists. (marketwatch)
  10. Too Good to Be True? Unusual Citigroup Preferred Issue Yields 10%. (barrons)
  11. Macy’s, Doordash, and Other Stocks That Could Be Buyout Candidates When M&A Returns (barrons)
  12. Jobless claims rise to three-week high of 198,000, but layoffs still extremely low (marketwatch)
  13. Zoetis Stock Could Rise 30% as People Spend More on Pets (barrons)
  14. Don’t Expect the Housing Market to Crash. A Slow Rebound Is Coming, Our Roundtable Pros Say. (barrons)
  15. JD.com Shares Soar on Plan to List Two Units in Hong Kong (bloomberg)
  16. China’s Premier Li Qiang seeks to rally Asia behind Beijing (cnbc)
  17. Google reshuffles virtual assistant unit with focus on Bard A.I. technology (cnbc)
  18. Alibaba tells investors its overhaul will make the business more ‘agile’ with market changes (cnbc)
  19. US stocks could end this year 14% higher because banking turmoil will trigger a Fed pause, veteran investor Ed Yardeni says (businessinsider)
  20. Janet Yellen Says Bank Deregulation May Have Gone Too Far (bloomberg)
  21. China’s Big Banks See Profit Gains (bloomberg)
  22. Goldman: “Zero Bulls Out There” (zerohedge)
  23. Intel (INTC) rally continues as analysts reflect positively on Server update (streetinsider)
  24. Alibaba to turn into an ‘asset and capital operator’ after overhaul, CEO says (scmp)
  25. Premier Li’s Improving Economic Outlook & PetroChina’s EXtraordinary Results (chinalastnight)