Be in the know. 14 key reads for Thursday…

  1. Bill Gross Says Bonds Are ‘Investment Garbage’ Amid Low Yields (Bloomberg)
  2. China Economist Is Rare Voice of Caution on ‘Common Prosperity’ (Bloomberg)
  3. 7 Defense Stocks That Still Offer Value Now That the U.S. Has Left Afghanistan (Barron’s)
  4. 2 Good Reasons the Stock Market Isn’t Ready to Blow Up Yet (Barron’s)
  5. Heading Into Jobs Report, It’s Back to a Bad News Is Good News Market (Barron’s)
  6. Chinese Firms Rush to Embrace ‘Common Prosperity’ Slogan (Bloomberg)
  7. Record-Breaking. The Energy Report 09/02/2021 (Phil Flynn)
  8. Alibaba Pledges $15.5 Billion to Xi’s ‘Common Prosperity’ Drive (Bloomberg)
  9. How to Deal With Above-Target Inflation: Raise the Target (Wall Street Journal)
  10. Energy Traders See Big Money in Carbon-Emissions Markets (Wall Street Journal)
  11. Here’s why experts believe the U.S. is in a housing boom and not a bubble (CNBC)
  12. Baxter (BAX) Acquires Hillrom (HRC) for $156/sh or $12.4B Including Debt (streetinsider)
  13. Worried about ‘value traps’ in stocks? GMO says ‘growth traps’ are even more painful (MarketWatch)
  14. Robinhood investors are propping up this stock market, says JPMorgan (MarketWatch)

The “Chasing After You” Stock Market (and Sentiment Results)…

With the market looking and feeling extended at these levels, the song we chose to embody current market sentiment for the week is Ryan Hurd and Maren Morris’ 2021 hit, “Chasing After You.”  This has effectively been the theme song for managers who have been skeptical of the market rise all year and were repeatedly forced to chase up: Continue reading “The “Chasing After You” Stock Market (and Sentiment Results)…”

Be in the know. 17 key reads for Wednesday…

  1. September Is The Worst Month Unless You Own These 12 Stocks (Investor’s Business Daily)
  2. Campbell Soup earnings beat, share buyback program revised (MarketWatch)
  3. Tencent Snapped Up by China Traders After Two-Month Selloff (Bloomberg)
  4. BP, Standard Chartered and 7 Other Undervalued European Stocks Deserve a Hard Look (Barron’s)
  5. China May Be Its Own Worst Cold War 2.0 Enemy (Bloomberg)
  6. China to step up financing support for small firms (Reuters)
  7. September Is the Stock Market’s Worst Month. History Says This Time Could Be Different. (Barron’s)
  8. Here’s why Robert Shiller’s two stock-market indexes are telling wildly different valuation stories. (MarketWatch)
  9. Investors eye emerging market upswing after China shock (Financial Times)
  10. Private Equity Firms All Want the Same Thing: British Companies (New York Times)
  11. Teva-MedinCell’s Schizophrenia Treatment Candidate Under FDA Review (Benzinga)
  12. U.S. Home-Price Growth Rose to Record in June (Wall Street Journal)
  13. Americans Are Stocking Up on Toilet Paper Again (Wall Street Journal)
  14. China gaming stocks rally despite regulators limiting kids’ playing time (CNBC)
  15. Tencent boosts global investments as Beijing cracks down on gaming (Financial Times)
  16. Stocks push higher on China stimulus hopes (Financial Times)
  17. Lotus Is Getting Money From NIO. What It Means for Ferrari and Porsche. (Barron’s)

Unusual Options Activity – Alibaba Group Holding Limited (BABA)

Data Source: barchart

Today some institution/fund purchased 2,333 contracts of Dec $170 strike calls (or the right to buy 233,300 shares of Alibaba Group Holding Limited (BABA) at $170). The open interest was 1,659 prior to this purchase. Continue reading “Unusual Options Activity – Alibaba Group Holding Limited (BABA)”