Be in the know. 22 key reads for Monday…

  1. Why the stock market is smarter than any of us – including the bears (nypost)
  2. JPMorgan Chase takes over First Republic after U.S. seizure of ailing bank (cnbc)
  3. China’s Travel Rush Over Holiday Sees Tourism and Spending Soar (bloomberg)
  4. Iveric Bio Agrees to $5.9 Billion Bid From Astellas. Buyers Are Hunting Biopharma Bargains. (barrons)
  5. The Fed Has Few Good Options. The Risk of a Misstep Is Growing. (barrons)
  6. GM Stock Rises After Morgan Stanley Says Buy (barrons)
  7. Li Auto Stock Rises After Record EV Deliveries (barrons)
  8. Opinion: Sell in May? Not so fast. ‘Stay and play’ this summer in safer stock-market sectors. (marketwatch)
  9. Stock-market investors want the Fed to answer this crucial question when it meets this week (marketwatch)
  10. Watch for a Fed pause, a debt-ceiling battle and a volatile summer. Shelter in these stocks, says strategist. (marketwatch)
  11. Norwegian Cruise Line Sails Past Estimates. The Stock Is Up. (barrons)
  12. 10 Tough Questions for Warren Buffett Heading Into Berkshire’s Annual Meeting (barrons)
  13. The Building Boom Is Prolonging Market Pain (wsj)
  14. Here’s What Treasury, Fed Might Do in a Debt Ceiling Crisis (wsj)
  15. Fed Set to Raise Interest Rates and Debate a Pause (wsj)
  16. The Air Has Come Out of the Dollar (wsj)
  17. Hedge Funds Bet Dollar to Erase Hike-Cycle Gains as Fed Peaks (bloomberg)
  18. Trader ‘Exhaustion’ Drags April ETF Volume to Lowest Since 2020 (bloomberg)
  19. The Slow Dance Between Markets and Central Banks (bloomberg)
  20. The Chip Sector Has a New Sport: Finding the Bottom (bloomberg)
  21. The Dollar’s Demise May Come Gradually, But Not Suddenly (bloomberg)
  22. Macau Casino Revenue Jumps Again in April on China Tourism Boom (bloomberg)

Be in the know. 12 key reads for Sunday…

  1. China’s Consumers Lead Recovery in April (wsj)
  2. Bloomberg Radio host Barry Ritholtz speaks with Benjamin Clymer and Jeffery Fowler of Hodinkee, the preeminent website for enthusiasts of modern and vintage wristwatches. Clymer, who’s been dubbed “The High Priest of Horology,” founded the site in 2008 and is currently executive chairman; Fowler was appointed Hodinkee’s chief executive officer in 2022. (bloomberg)
  3. Ryan Reynolds Bidding Record Price for NHL Team (thestreet)
  4. The Druck hates to lose money (ft)
  5. McLaren Unveils Its Latest Supercar: The 750S (forbes)
  6. Super Active 32-Year-Old Dealmaker Is Japan’s Newest Billionaire (forbes)
  7. Marc Benioff says he can juggle empathy, cost cuts, and layoffs as he doubles down on efficiency at Salesforce (fortune)
  8. Global elite heads to Milken conference in California—aka ‘Davos West’—amid bank failures, broken markets (fortune)
  9. First Drive: We Tackled the Dunes of Dubai in the New Land Rover Defender 130. Here’s What Happened. (robbreport)
  10. Land Rover Gets Dark With Blacked-Out Defender (maxim)
  11. The Original Lamborghini Gallardo Deserves More Credit Than It Gets (roadandtrack)
  12. The economy continues to grow and inflation continues to decline (calafia)

 

Be in the know. 15 key reads for Saturday…

  1. China Celebrates Economic Recovery, Pledges More Help on Jobs (wsj)
  2. Hedge funds lose $18bn betting against tech stock rally (ft)
  3. The Fed Has No Good Options. The Risk of a Misstep Is Growing. (barrons)
  4. Big Tech Stocks Have Surged. Small Ones Haven’t. (barrons)
  5. Fed Blames Itself In Reviewing Silicon Valley Bank’s Collapse (barrons)
  6. How Activist Investors Target Companies in a Choppy Market (barrons)
  7. Why J&J’s Kenvue Spinoff Is Just What the IPO Doctor Ordered (barrons)
  8. JPMorgan, PNC Bidding for First Republic as Part of FDIC Takeover (wsj)
  9. Big Tech Earnings Spark Hope That Worst Is Over (wsj)
  10. Fed Emergency Loans Rise Again Amid Renewed Financial Stress (bloomberg)
  11. Billionaire Steve Cohen Has a Plan to Become the King of Queens (bloomberg)
  12. The MSCI China is trading at about 10.1 times forward earnings — 10% cheaper than averages going back two decades. The multiple is 34% lower versus the MSCI All-Country World index and 45% below the S&P 500’s valuation. (bloomberg)
  13. Elon Musk has called out the Fed more than 20 times for hiking interest rates too much. Here’s a roundup of his attacks on the central bank. (businessinsider)
  14. Intel tops Wall Street estimates, CEO says data-center business is improving (marketwatch)
  15. 2 Undervalued Stocks From the Morningstar Wide Moat Focus Index (morningstar)