Be in the know. 23 key reads for Wednesday…

  1. Disney Resort to partly reopen as Shanghai’s Covid-19 abates (scmp)
  2. Tencent to ‘distribute’ most of its $22bn Meituan stake in dividend (ft)
  3. Why biotech could be a place to hide in a U.S. recession (marketwatch)
  4. Alibaba, Tencent, lead Hong Kong tech stocks higher after upbeat China online retail sales data (marketwatch)
  5. 20 Growth Stocks Are Now Actually Cheaper Than Value Stocks (investors)
  6. Did Buffett Make the Taiwan Semi Call? It’s Not Clear.
  7. Americans Are Still Shopping as Inflation Inches Lower, Data Show (barrons)
  8. Warren Buffett’s chip-stock purchase is a classic example of why you want to be ‘greedy only when others are fearful’ (marketwatch)
  9. S. Supplier Price Increases Eased in October, Taking Pressure Off Inflation (wsj)
  10. Biden-Xi Talks Mark Shift in U.S.-China Ties Toward Managing Fierce Competition (wsj)
  11. Activist Investor TCI Calls on Google Parent Alphabet to Slash Costs (wsj)
  12. Target Earnings, Sales Sapped as Consumers Pull Back (wsj)
  13. Home-Builder Stocks Rebound (wsj)
  14. Disney World to hike Magic Kingdom ticket prices to as high as $189 for entry (nypost)
  15. Walmart Defies Gloom Over Inflation With Sales and Profit Upgrade (nytimes)
  16. China Remains a Massive Opportunity for Firms: Former UBS Chair (bloomberg)
  17. Why do people invest in crypto? ‘It’s partly fraud and partly delusion,’ says Charlie Munger. (marketwatch)
  18. Missile strike on Poland unlikely to be ‘deliberate attack’, Nato says (ft)
  19. Xi Looks Away From Putin Toward West in Return to World Stage (bloomberg)
  20. US Plans to Unveil More Data on Treasuries Trading to Help Bond Market (bloomberg)
  21. Buy these 10 extremely undervalued stocks with strong dividend growth as recession fears linger, Morningstar analyst says (businessinsider)
  22. Home builder sentiment continues to sour in November (marketwatch)
  23. Tencent Slims Down as Beijing Lightens Up (wsj)

Be in the know. 30 key reads for Tuesday…

  1. Cooper Standard Announces Execution of Transaction Support Agreement (cooperstandard)
  2. Futures Soar After PPI Misses Across The Board, Drops To Lowest In Over A Year As Service PPI Now Deflating (zerohedge)
  3. Alibaba, Tencent, lead Hong Kong tech stocks higher after upbeat China online retail sales data (yahoo)
  4. President Biden, Xi Jinping Move to Stabilize U.S.-China Relations (wsj)
  5. With Tensions Mounting, Biden and Xi Try a Warmer Tone (nytimes)
  6. Biden Trade Chief Says Xi Meeting Sends Powerful Signal to World (bloomberg)
  7. Berkshire Hathaway Bought $9 Billion in Stock in Third Quarter (wsj)
  8. Walmart Tops Earnings Estimates. It’s Also Buying Back $20 Billion of Stock. (barrons)
  9. Home Depot Earnings Top Estimates. (barrons)
  10. Visa Stock Has Been Unfairly Beaten Up. It’s Time to Buy. (barrons)
  11. Alibaba and Tencent Shrug Off Poor China Data. Stocks Soar on Reopening Hopes. (barrons)
  12. Ant’s Consumer-Lending Unit to Raise $1.5 Billion (wsj)
  13. Michael Burry reveals new stock bets after previously dumping entire portfolio (nypost)
  14. Buffett Takes $5 Billion Stake in TSMC, Sparking Surge in Shares (bloomberg)
  15. Berkshire Hathaway’s Charlie Munger Criticizes Crypto ‘Delusion’ (bloomberg)
  16. Xi Pivots Fast on Covid and Property. Will His Cadres Listen? (bloomberg)
  17. Biden-Xi Summit Sets Warmer Tone for Complex US-China Dialogue (bloomberg)
  18. Xi Needs Peace With US to Fix Problems, James McGregor Says (bloomberg)
  19. How China’s Language Shifted After Landmark Xi-Biden Meeting (bloomberg)
  20. Chinese Stocks in US to Extend Rally on Biden-Xi Meeting Boost (bloomberg)
  21. Druckenmiller Reloads on Amazon, BlueCrest Bolsters Gold Bet (bloomberg)
  22. China Eases Some Quarantine for Travelers Even as Cases Rise bloomberg)
  23. Charlie Munger says crypto is a bad combo of fraud and delusion — ‘good for kidnappers’ (cnbc)
  24. Billionaire investor Charlie Munger says crypto is rife with fraud and delusion – and praises Elon Musk, calling Tesla’s success a ‘minor miracle’ (businessinsider)
  25. The stock market can thrive even in the face of rising interest rates, chief investment strategist says (businessinsider)
  26. Get ready for the Great American Land Rush (businessinsider)
  27. BofA’s Fund Manager Survey shows allocation to tech lowest since 2006 (streetinsider)
  28. Hang Seng Index, Alibaba, TSMC, Tencent… Why are Chinese stocks rallying today? (streetinsider)
  29. The Big Read. The cracks in the US Treasury bond market (com)
  30. Hong Kong stocks rally to 7-week high on China-US ties and Beijing stimulus (scmp)

Be in the know. 12 key reads for Monday…

  1. Alibaba Stock Primed for Rebound on Sales Recovery (bloomberg)
  2. How Tech Won Big in Midterm Elections (barrons)
  3. Biden Meets Xi as Asia Allies Look to Lower Temperature (bloomberg)
  4. G-20 Latest: Biden and Xi Meeting Gets Underway in Bali (bloomberg)
  5. China Plans Property Rescue in Latest Surprise Policy Shift (bloomberg)
  6. India’s October Inflation Falls Below 7% in Respite for RBI (bloomberg)
  7. OPEC Lowers Forecast for Oil Demand. Again. (barrons)
  8. Alibaba and JD.com Stocks Are Rising. Don’t Thank Singles Day Sales Results. (barrons)
  9. President Biden, Xi Jinping Meet as Countries Move to Reopen Communication (wsj)
  10. In ‘Yellowstone,’ Kevin Costner Isn’t the Only Big Gun (wsj)
  11. China Ex-PBOC Official Sees Soft Landing for Property Sector (bloomberg)
  12. Beijing Pivots: China Issues Sweeping Property “Rescue Package” To Kickstart Economy (zerohedge)