Be in the know. 15 key reads for Thursday…

  1. Flying recovery proves a tailwind for new Rolls-Royce boss’s turnaround (reuters)
  2. Rolls-Royce shares soar by 23% after annual results crush expectations (cnbc)
  3. Alibaba Stock Jumps After Earnings Beat. (barrons)
  4. Intel Is Cutting Its Dividend. It’s a Smart Move. (barrons)
  5. Microsoft’s Bing AI Chatbot Fails to Live Up to Its Own Hype (barrons)
  6. Alphabet and Other Low-Debt Stocks to Consider If Interest Rates Stay High (barrons)
  7. Fed Minutes Show Most Officials Favored Quarter-Point Rate Rise (wsj)
  8. Amazon Closes Health Clinic Deal in Bet on Physicians for Healthcare Growth (wsj)
  9. Can Golf Be the Next Formula One? Netflix Hopes So (wsj)
  10. China’s Tech Rainmaker Vanishes, and So Does Business Confidence (nytimes)
  11. Fed Minutes Showed Policymakers Were Still Intent on Easing Inflation (nytimes)
  12. Alibaba Reduced Workforce by 19,000 in Covid-Challenged 2022 (bloomberg)
  13. Alibaba Survived Tech Crackdown. Now it Must Fend Off Rivals. (wsj)
  14. Alibaba beats earnings estimates as tech crackdown, Covid curbs ease (scmp)
  15. Morgan Stanley upgrades Intel (INTC) stock as downside is limited after a dividend cut (streetinsider)

“Pretty, Pretty, Pretty Good” Stock Market (and Sentiment Results)…

In last week’s note we reiterated our case from October that the “pain trade” was UP in the first half of this year DESPITE the short-term seasonal headwinds and possibility of near-term weakness (read full note for context):
Continue reading ““Pretty, Pretty, Pretty Good” Stock Market (and Sentiment Results)…”