Be in the know. 10 key reads for Wednesday…

  1. Forget Bed Bath & Beyond’s Stock. Look at Its Bonds. (barrons)
  2. Biden Puts Semiconductors at the Forefront (wsj)
  3. China’s economy will grow 5% this year, Fitch Ratings says in upgraded forecast (cnbc)
  4. US junk bonds rally on economic ‘soft landing’ bets (ft)
  5. CVS Health reports big revenue beat, on the heels of $10.6 billion deal to buy Oak Street Health (marketwatch)
  6. Royal Caribbean launches debt offering due 2030, to refinance debt due 2023 and 2024 (marketwatch)
  7. No wonder Powell didn’t commit to extra hikes. Here are five reasons the January jobs report may be too good to be true. (marketwatch)
  8. Why Biden’s 4% buyback tax could boost stock prices and dividends (marketwatch)
  9. The Investor Behind the $1 Billion Bet on Bed Bath & Beyond (wsj)
  10. Home-Buying Companies Stuck With Hundreds of Houses as Demand Slows (wsj)
  11. Alibaba Stock Jumps On ChatGPT News, But Is BABA Stock A Buy Now? (investors)
  12. Fed’s Powell says strong jobs report shows why more rate hikes may be needed (usatoday)
  13. Wall Street Veteran Explains Why He’s Still All-In on US Housing (bloomberg)
  14. Chinese food delivery firm Meituan plans to hire 10,000 workers as U.S. tech giants ax jobs (cnbc)
  15. Alibaba (BABA) stock rises on report it is developing ChatGPT-like AI bot (streetinsider)
  16. A Jim Simons Market Mystery — Solved? (institutionalinvestor)
  17. Elon Musk Reacts As ‘Big Short’ Michael Burry Finds His Way Back On Twitter To Take Back ‘Sell’ Call (benzinga)

Be in the know. 22 key reads for Tuesday…

  1. Deals Are Creeping Back. Don’t Expect a Surge Just Yet. (barrons)
  2. Rangers’ Jacob Trouba delivers helmet-launching hit, dominates ensuing fight (nypost)
  3. The Market’s Breadth Is Improving as More Stocks Join Rally (wsj)
  4. CVS Nears Deal for Oak Street Health. The Sector Could Be Hot for M&A in 2023. (barrons)
  5. How the U.S. dollar could put this stock-market rally to a big test (marketwatch)
  6. Pfizer Is Moving Beyond Covid. Why Its Stock Is a Buy. (barrons)
  7. Biotech Stocks Will Mean a Big Year for Deals. Who Could Benefit. (barrons)
  8. The IPO market froze in 2022. Here’s what’s needed for it to thaw in the new year (marketwatch)
  9. Illumina Attracts Challengers for DNA Sequencing Ahead of Earnings (barrons)
  10. Housing Market Shows Signs of Thawing (wsj)
  11. Boeing plans to cut about 2,000 finance and HR jobs in 2023 (nypost)
  12. Inflation-battered shoppers turn to dollar stores for groceries (nypost)
  13. China’s richest ‘will keep buying luxury goods’ as middle classes tighten belt (scmp)
  14. Indonesia may raise nearly US$2 billion from 3 state company IPOs (scmp)
  15. Balloon Pops Blinken’s Visit, For Now (chinalastnight)
  16. Google unveils ChatGPT rival Bard, AI search plans in battle with Microsoft (reuters)
  17. JPMorgan’s Kolanovic Calls Latest Stock Rally a Bear-Market Trap (yahoo)
  18. These Are the Top 10 Holdings of Carl Icahn (247wallst)
  19. Can This Billionaire Drive Lotus Better Than Richard Gere? (bloomberg)
  20. What will TV look like in three years? These industry insiders share their predictions (cnbc)
  21. Trader Positioning Ahead Of Powell Hints At Another Delta Squeeze (zerohedge)
  22. Adani Companies Report Profits, Easing Market Rout (wsj)