Be in the know. 27 key reads for Friday…

  1. This Earnings Season Was Supposed to Be Terrible. It’s Turning Out Pretty Good. (Barron’s)
  2. China risks making ‘big mistakes’ with widespread crackdown, says ex-IMF chief economist (CNBC)
  3. Sweden’s inflation experience may show where the U.S. and other developed markets are going (marketwatch)
  4. Banks Beat Earnings Estimates, Pushing up Shares (Barron’s)
  5. 2 Large Cap Biotech Leaders Pay Big Dividends and Have Huge Upside Potential (247wallst)
  6. Elon Musk Says Starlink Can Do Wi-Fi on Planes. When He Talks, Stocks Move. (Barron’s)
  7. Oil Set for Eighth Straight Week of Gains Amid Energy Crunch. These Stocks Benefit. (Barron’s)
  8. Johnson & Johnson Puts New Unit Holding Talc Claims Into Bankruptcy (Barron’s)
  9. Walgreens Rallies as Earnings Top Estimates and It Boosts Stake in VillageMD (Barron’s)
  10. AT&T Gets Another Upgrade. Still, It’s a Slow Climb Out of a Deep Hole. (Barron’s)
  11. 3 Million Workers Are Missing. Where Did They Go? (Wall Street Journal)
  12. United Airlines Bets on Return of Trans-Atlantic Travel (Wall Street Journal)
  13. Banksy’s Shredded Artwork Sells for $25.4 Million (Wall Street Journal)
  14. China and the U.S. Sabotage Their Own Tech Companies (Wall Street Journal)
  15. Retail Sales Rise, Showing Resilient U.S. Consumers (Wall Street Journal)
  16. Goldman Sachs Profit Rises on Deal Bonanza (Wall Street Journal)
  17. Evergrande fallout is ‘controllable,’ China’s central bank says (New York Post)
  18. ‘Boomerang employees’ who quit jobs during pandemic may soon beg for them back (New York Post)
  19. The big banks are bullish about the recovery. (New York Times)
  20. NHL started its $1 billion deal with ESPN and Turner Sports – here’s how many people watched the season openers (CNBC)
  21. Warren Buffett’s Berkshire Hathaway plowed $2.1 billion into Bank of America stock in 12 days last year. It has nearly doubled its money already. (businessinsider)
  22. Evercore ISI Adds Uber (UBER) to Tactical Outperform List, Seen as ‘One of the Least Riskiest Net Stocks’ (StreetInsider)
  23. Wells Fargo: Here’s The Best Asset To Own When Inflation Strikes (IBD)
  24. PGIM: Beware the Hype Around Blockchain and Autonomous Vehicles (institutionalinvestor)
  25. Fumio Kishida pledges to steer Japan away from Abenomics (Financial Times)
  26. Junk Loans Shine as Investors Pile Into Riskiest Parts of CLOs (Wall Street Journal)
  27. UnitedHealth Boosts Outlook, Sees Less Impact From Covid-19 Costs Next Year (Wall Street Journal)

Be in the know. 20 key reads for Thursday…

  1. Energy crisis? What experts are saying as world faces historic energy-price crunch (marketwatch)
  2. Wells Fargo profit jumps nearly 60% in the quarter, revenue tops expectations (CNBC)
  3. Biting the Hand. The Energy Report 10/14/2021 (Phil Flynn)
  4. Bank of America Tops Earnings Estimates (Barron’s)
  5. Morgan Stanley’s Earnings Beat Expectations. (Barron’s)
  6. Walgreens Stock Gains as Earnings Top Estimates. (Barron’s)
  7. Accelerating Inflation Spreads Through the Economy (Wall Street Journal)
  8. JPMorgan posts surprisingly strong profits as bank releases pandemic reserves (New York Post)
  9. A. Port to Operate Around the Clock to Ease Cargo Logjams (Wall Street Journal)
  10. Michael Dell Talks About Covid, China, and Facing Carl Icahn (Bloomberg)
  11. China’s Power Crisis Will Affect Industries Worldwide: Fickling (Bloomberg)
  12. Fed Officials Saw Taper Starting in Mid-November or Mid-December (Bloomberg)
  13. Citigroup profit surges 48%, driven by strong trading revenue (CNBC)
  14. Jim Cramer says the Fed doesn’t need to ‘destroy the economy’ to beat inflation (CNBC)
  15. Taiwan Semiconductor posts record third-quarter profit on strong chip demand (marketwatch)
  16. Goldman Sachs says oil prices could be higher for much longer (CNBC)
  17. Uber Inc. (UBER) Driver Analysis Point to Potential Share Gains Over Lyft – RBC Capital (streetinsider)
  18. Evergrande crisis leaves Chinese developers shut out of global debt markets (Financial Times)
  19. Covid success of mRNA vaccines opens way to a new generation of drugs (Financial Times)
  20. The real question about China for investors (Financial Times)

The Walker Hayes, “Fancy Like” Stock Market (and Sentiment Results)…

Since the last Fed Meeting and press conference on September 22, with Chair Powell, we’ve seen a move FROM “Fancy” (Tech/Growth – high multiple stocks) TO “Fancy like Applebee’s on a date night” stocks (re-opening, value, cyclical – lower multiple stocks).  Walker Hayes outlines the shift in his recent Country hit “Fancy Like”: Continue reading “The Walker Hayes, “Fancy Like” Stock Market (and Sentiment Results)…”