Be in the know. 15 key reads for Friday…

  1. China passes major data protection law as regulatory scrutiny on tech sector intensifies (CNBC)
  2. AstraZeneca Seeks Approval of Landmark Antibody Drug Preventing Covid Symptoms (Barron’s)
  3. The Delta variant has derailed the speed of the economic recovery and will prompt the Fed to delay tapering plans, Guggenheim’s Minerd says (Business Insider)
  4. 4 Healthcare Stocks That Analysts Love (Barron’s)
  5. BlackRock calls for investors to lift allocations to China’s markets (Financial Times)
  6. Chinese regulators meet with developer Evergrande as scrutiny on real estate grows (CNBC)
  7. Here’s why the ultra-wealthy like Bill Gates and Thomas Petterfy are investing in U.S. farmland (CNBC)
  8. Ark’s Cathie Wood Says the Stock Market ‘Couldn’t Be Further Away From a Bubble.’ Here’s Why. (Barron’s)
  9. Intel CEO Calls Chip Maker ‘Willing Buyer’ as Semiconductor Industry Consolidates (Wall Street Journal)
  10. CVS, Walgreens Look for Sales Bump From Covid-19 Boosters (Wall Street Journal)
  11. China Passes One of the World’s Strictest Data-Privacy Laws (Wall Street Journal)
  12. The Dream Cars of the Car Designers (New York Times)
  13. Exclusive-China eyes pushing U.S. IPO-bound firms to hand over data control-sources (Yahoo! Finance)
  14. Billionaire John Paulson Goes Big on These 2 High-Yield Dividend Stocks (Yahoo! Finance)
  15. Biggest Tax Hike on Wealthy Since ‘93 Is Bogged Down in U.S. Congress (Bloomberg)

Unusual Options Activity – Alibaba Group Holding Limited (BABA)

Data Source: barchart

Today some institution/fund purchased 4,910 contracts of Jan 2023 $170 strike calls (or the right to buy 491,000 shares of Alibaba Group Holding Limited (BABA) at $170). The open interest was just 856 prior to this purchase. Continue reading “Unusual Options Activity – Alibaba Group Holding Limited (BABA)”

Be in the know. 20 key reads for Thursday…

  1. Baidu’s $1bn bond draws strong demand despite China tech crackdown (Financial Times)
  2. Tencent Earnings Good Enough to Forget Regulatory Woes for One Day (Barron’s)
  3. Dogecoin Alone Accounted For 62% Of Crypto Revenue For Robinhood In Q2 (Benzinga)
  4. Fed would make ‘very serious mistake’ tapering this year, analyst says (Fox Business)
  5. Most Fed officials believe stimulus could start winding down this year (Financial Times)
  6. 5 Raymond James Analyst Favorite Stocks Look Safe and Pay Big, Dependable Dividends (24/7 Wall Street)
  7. US consumers flock to the shops despite spread of Delta variant (Financial Times)
  8. Why Jim Cramer Is Bullish On Disney At Current Levels: ‘The Greatest Story Ever Told’ (Benzinga)
  9. Philly Fed factory index falls in July to lowest since December (Reuters)
  10. Ray Dalio, Al Gore, and 8 other Alibaba investors may have seen $1.4 billion wiped off their stakes this quarter. Ken Fisher, Jeremy Grantham, Bill Miller, and Steve Cohen were also shareholders as of June 30. (Business Insider)
  11. Soaring demand for the world’s least-liked commodity sees coal prices jump 106% this year (CNBC)
  12. Anxiety Ripples Through Markets Worried About China and Covid (Bloomberg)
  13. Contrarian Investors Should Love Emerging Markets (Bloomberg)
  14. China Tech Rout Deepens as New Regulations Mulled; Alibaba Dives (Bloomberg)
  15. Bilibili Beats Views, But Long Stock Slide Continues (Investor’s Business Daily)
  16. Rowe Price CEO Leads With His Top 10 List (Investor’s Business Daily)
  17. XPeng Is Quadrupling Capacity. It Expects to Sell More Electric Vehicles. (Barron’s)
  18. Tencent to Work With Chinese Regulators to Limit Minors’ Online Game Time (Wall Street Journal)
  19. Officials debated timing, mechanics of plans to reduce $120 billion in monthly bond purchases at July meeting, minutes show (Wall Street Journal)
  20. Amazon Plans to Open Large Retail Locations Akin to Department Stores (Wall Street Journal)