The “Don’t Stop Believin'” Stock Market (and Sentiment Results)…

Yesterday, I read an article in the Wall Street Journal that chronicled Journey’s 1981 hit “Don’t Stop Believin’.”  The genesis of the Billboard hit (and ending ballad to the Soprano’s series), was a streak of bad luck for Journey keyboardist-guitarist Jonathan Cain. Continue reading “The “Don’t Stop Believin’” Stock Market (and Sentiment Results)…”

Be in the know. 25 key reads for Wednesday…

  1. Intel Insiders Bought Up $2.5 Million Worth of Stock (Barron’s)
  2. Some Strategists Are Turning Positive on China’s Stocks (Barron’s)
  3. Inflation Could Mean Value Stocks’ Time to Shine (Wall Street Journal)
  4. 5 Stocks That Could Be Bargains After Tax-Loss Selling (Barron’s)
  5. ‘Don’t Stop Believin’ ’: Journey’s Smash Hit Started as a Pep Talk (Wall Street Journal)
  6. Star China Fund Manager Targets Comeback With Tencent Bet (Bloomberg)
  7. Kraft Heinz sees stronger earnings for the year thanks to higher prices (CNBC)
  8. Jack Ma Visits Dutch Agricultural Research Institute (zerohedge)
  9. Mobsters, brawlers and notoriety: Danbury Trashers left a mark on hockey (New York Post)
  10. ViacomCBS nears sale of CBS Studios lot in LA as it pares real estate holdings (New York Post)
  11. Boeing Earnings Were Terrible. The Stock Is Rising Anyway. (Barron’s)
  12. Google Nearly Doubles Profit Behind Red-Hot Ad Market (Wall Street Journal)
  13. 3-D Printed Houses Are Sprouting Near Austin as Demand for Homes Grows (Wall Street Journal)
  14. S. Consumer Confidence Rose as Delta Covid-19 Wave Eased (Wall Street Journal)
  15. Microsoft Earnings Jump as Cloud Services Thrive (Wall Street Journal)
  16. Oil retreats on industry data showing rise in U.S. crude inventories (marketwatch)
  17. 2023 Corvette Z06 extends legend with radical new engine, 2.6-second 0-60 dash (usatoday)
  18. These Economists Aren’t Worried About Inflation. Here’s Why. (Barron’s)
  19. Xi Jinping’s China Roadmap Is Awash in Contradictions (Bloomberg)
  20. China Warns U.S. Support for Taiwan Poses ‘Huge Risks’ to Ties (Bloomberg)
  21. Who’s Building Facebook’s Metaverse? Meet CTO Andrew Bosworth (Bloomberg)
  22. Investors pour money into Chinese start-ups despite regulatory crackdown (CNBC)
  23. 5 Top Dividend Stocks to Buy Now Should Still Perform Well If Stagflation Bubbles Up (24/7 Wall Street)
  24. Here’s what it will take to resolve the supply-chain disruptions roiling the U.S. economy (marketwatch)
  25. Opinion: These 8 money-losing stocks could bring you big gains come January (marketwatch)

Be in the know. 17 key reads for Tuesday…

  1. GE Earnings Made the Most of a Difficult Environment (Barron’s)
  2. Home Prices for August Expected to Set Another Record (Barron’s)
  3. Existing-Home Sales Soared. (Barron’s)
  4. MGM Resorts Sells 11 Picasso Masterworks for $109 Million (Barron’s)
  5. These 3 Stocks Have High Dividends With Ultrasafe Payouts (Barron’s)
  6. 8 Small-Cap Stocks That Look Undervalued (Barron’s)
  7. Jeff Bezos’ Blue Origin Wants to Build a Commercial Space Station With Boeing (Barron’s)
  8. Four Small-Cap Energy Stocks Ready to Pump Out Cash (Barron’s)
  9. Terrible idea — taxing profits that don’t exist (New York Post)
  10. Shutting Down Big Oil. The Energy Report 10/26/2021 (Phil Flynn)
  11. 5 Dividend Aristocrats Stocks Have Raised Their Dividends for Almost 60 Years (247wallst)
  12. Houston Rockets owner: ‘Our great Capitalism will come to an end’ if Dems pass unrealized gains tax (foxnews)
  13. The 50th All-America Research Team (institutionalinvestor)
  14. China Evergrande Says Work on Some Residential Projects Has Resumed (Wall Street Journal)
  15. Fed Prepares to Taper Stimulus Amid More Doubts on Inflation (Wall Street Journal)
  16. Market Agrees That Inflation Isn’t a Blip: Authers’ Indicators (Bloomberg)
  17. Verizon partnering with Amazon to use tech giant’s satellite internet (CNBC)

Unusual Options Activity – Alibaba Group Holding Limited (BABA)

Data Source: barchart

Today some institution/fund purchased 1,014 contracts of Sept. 2022 $160 strike calls (or the right to buy 101,400 shares of Alibaba Group Holding Limited (BABA) at $160). The open interest was just 651 prior to this purchase. Continue reading “Unusual Options Activity – Alibaba Group Holding Limited (BABA)”