Be in the know. 30 key reads for Wednesday…

  1. Opinion: There’s too much bearishness in the stock market — here are four things that could go right for investors (marketwatch)
  2. Treasuries Rally, Emboldening Bond Bulls Who See an Inflation Peak (bloomberg)
  3. A rally in the stock market is imminent after investors got too bearish and as inflation starts to moderate, according to JPMorgan (businessinsider)
  4. China’s economy is ‘struggling’ but ‘not in serious trouble,’ says economist (cnbc)
  5. Goldman Sachs says investors should use the options market to book outsize profits on these 16 dramatically underpriced stocks (businessinsider)
  6. Netflix Lost Subscribers—and Is Considering a Lower Cost, Ad-Supported Plan (barrons)
  7. Shanghai allows 4 million people out of homes as COVID-lockdown rules ease (nypost)
  8. Fed’s Bostic expresses caution about the pace of interest rate hikes (cnbc)
  9. Think Real Yields on 10-Year Treasuries Turned Positive? Think Again. (barrons)
  10. Credit Suisse shares 25 tech stocks that are among some of the most beaten down in the market — yet have drastically improving earnings expectations for the year ahead (businessinsider)
  11. What Positive Real Yields Mean for Stocks (barrons)
  12. Delta’s Earnings Were a Bright Spot for Travel. American and United Are the Next Tests. (barrons)
  13. Procter & Gamble Beats Profit Estimates and Lifts Sales Forecast (barrons)
  14. Markets Wait For PBOC, Internet Stocks Play Catch Up (chinalastnight)
  15. Treasury yields pull back from 3-year highs (marketwatch)
  16. A Buoyant Housing Market Complicates the Fed’s Job of Taming Inflation (barrons)
  17. Here’s an $800 billion reason why stocks may have rallied on Tuesday — and it’s good news going forward (marketwatch)
  18. The 10-Year Treasury’s Real Yield Briefly Turned Positive. What It Means for Stocks. (barrons)
  19. Lamborghini Debuts the Huracán Tecnica (barrons)
  20. IMF Cuts China Growth Forecast to 4.4% (wsj)
  21. Global smartphone shipments fall in first quarter, dragged down by market uncertainty (scmp)
  22. Debt erased for thousands of students, nearly 4M on the table for further breaks (foxbusiness)
  23. Elon Musk reportedly setting up move for Twitter within 10 days (foxbusiness)
  24. Grubhub Owner Considers Sale After Orders Fall (wsj)
  25. Money Market Traders Fully Price Half-Point Fed Hike for May (bloomberg)
  26. The IMF slashes its 2022 global growth forecast as the Russia-Ukraine war inflicts significant economic damage (businessinsider)
  27. World Bank slashes global growth forecast due to Russia’s invasion of Ukraine and preps a relief package bigger than its COVID-19 funding (businessinsider)
  28. In Active Management, Alpha Comes Down to One Thing (institutionalinvestor)
  29. Why Germany is resisting calls to ease energy crunch by restarting nuclear power (ft)
  30. Sales of U.S. Previously Owned Homes Fall to Lowest Since 2020 (bloomberg)

Unusual Option Activity – Walgreens Boots Alliance, Inc. (WBA)

Data Source: Barchart

On Tuesday some institution/fund purchased 7,722 contracts of Jan 2023 $47.5 strike calls (or the right to buy 772,200 shares of Walgreens Boots Alliance, Inc. (WBA) at $47.5). The open interest was just 2,831 prior to this purchase.

Continue reading “Unusual Option Activity – Walgreens Boots Alliance, Inc. (WBA)”

Unusual Option Activity – Alibaba Group Holding Limited (BABA)

Data Source: Barchart

On Tuesday some institution/fund purchased 18,003 contracts of JUN 2022 $120 strike calls (or the right to buy 1,800,300 shares of Alibaba Group Holding Limited (BABA) at $120). The open interest was just 9,345 prior to this purchase.

Continue reading “Unusual Option Activity – Alibaba Group Holding Limited (BABA)”