- Pfizer lifts sales forecast for COVID-19 vaccine to $26 billion (Reuters)
- Pfizer (PFE) Tops Q1 EPS by 15c, Raises FY Guidance (StreetInsider)
- Pfizer plans to file for full FDA approval of Covid vaccine at the end of this month (CNBC)
- Clorox is still selling many more cleaning products than it was pre-pandemic (MarketWatch)
- Consumer Lenders Face a New Challenge: Each Other (Wall Street Journal)
- Starboard Value Finally Makes Its Move on Box (Barron’s)
- How Inflation Could Shape the Next Phase of the Stock Market (Barron’s)
- U.S. Stock Market Futures Mixed, With Airlines Lifted by Travel Reopening Plans in Europe (Barron’s)
- Apple and Epic Games Trial Has Started. What to Know. (Barron’s)
- Bank Stocks Continue to Gain. Why Wall Street Says the Rally Still Has Steam. (Barron’s)
- Why Ether is Soaring to New Highs (Barron’s)
- The world risks ‘running out of copper’ — and here’s how high prices may rise as the economy reopens, BofA warns (MarketWatch)
- The Fed Doesn’t Want to Talk Tapering Yet. Wait for Summer, Wall Street Says. (Barron’s)
- ‘Buy in May and go away’: Why US stocks can trade higher into the summer months, according to JPMorgan’s quant guru (Business Insider)
- Mohamed El-Erian says inflation is here to stay and won’t be ‘transitory’ like the Fed claims (Business Insider)
- Why supply-chain bottlenecks, price pressures may ease by year end (MarketWatch)
- OPEC Keeps Crude Production Steady Before Planned Increases (Bloomberg)
- UPDATE 2-ConocoPhillips profit tops as travel demand boosts oil prices (Reuters)
- New York, New Jersey Lift Covid-19 Capacity Limits on Businesses (Wall Street Journal)
- Record Share of Companies Are Beating Earnings Estimates (Wall Street Journal)
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Tom Hayes – Fox News Appearance – America’s Newsroom – 5/3/2021
Where is money flowing today?
Be in the know. 15 key reads for Monday…
- Apple Has Two Trillion Reasons to Fight for the App Store (Wall Street Journal)
- Berkshire Hathaway’s Greg Abel Is Planned Successor to Buffett Abel oversees Berkshire’s big non-insurance operations. (Barron’s)
- Exxon Mobil Board Fight Enters Final Rounds (Barron’s)
- 3 Things to Know From Berkshire Hathaway’s Shareholder Meeting (Barron’s)
- Biden’s Plan to Spend $4.5 Trillion Without Boosting Deficits Depends on Factors Beyond His Control (Wall Street Journal)
- Americans Can’t Get Enough of the Stock Market (Wall Street Journal)
- Covid-19 Savings Stockpile Could Accelerate Economy—if Consumers Spend It (Wall Street Journal)
- Epic vs. Apple Trial: Tim Cook, Tim Sweeney and the Other Key Players in ‘Fortnite’ Maker’s Antitrust Lawsuit (Wall Street Journal)
- Workers are coming back to the office – slowly (USA Today)
- Verizon sells Yahoo and AOL as part of $5 billion deal (USA Today)
- EU Looks to Open Its Borders After a Year of Pandemic Isolation (Bloomberg)
- New York City Is Roaring Back to Life, One Year After Its Nadir (Bloomberg)
- Buffett says Berkshire is seeing ‘very substantial inflation’ and raising prices (CNBC)
- Treasury Secretary Janet Yellen says Americans can expect a ‘big return’ from Biden’s $4.1 trillion spending proposal (Business Insider)
- Intel CEO stresses more U.S. chip production, fewer stock buybacks (MarketWatch)
- A 10% drop or at least a pause could be looming for the S&P 500. Take shelter in these sectors, says veteran strategist (MarketWatch)
- Bridgewater Co-CIO: The Market Is “Very, Very Dangerous” (ZeroHedge)
- China stocks take lion’s share as EM flows bounce back in April –IIF (Reuters)
- U.S. Supreme Court refuses to revive Wells Fargo accounts scandal suit (Reuters)
- 9 Takeaways From Berkshire Hathaway’s Annual Shareholder Meeting (Benzinga)
Be in the know. 20 key reads for Sunday…
- Guy Fieri, Fired Up: The Food Network King, With a Massive New Deal, Pushes for More Restaurant Relief (Hollywood Reporter)
- Bridgewater on Bubbles (Podcast) (Bloomberg)
- Warren Buffett’s Deputy Calls Bitcoin ‘Disgusting’ And Bad For Civilization (Forbes)
- Berkshire Hathaway Annual Meeting 2021: Highlights and storylines (Yahoo! Finance)
- Buffett says Berkshire “not competitive” with SPACs on deals (Reuters)
- 12 Best Vacation Stocks to Buy Now (insidermonkey)
- NYC falls to second on billionaire list as new tax hikes push wealthy out (New York Post)
- Americans Can’t Get Enough of the Stock Market (Wall Street Journal)
- A Chinese province powered 8% of all Bitcoin mining. Then the government gave miners 2 months to get out (Fortune)
- Thinking of Buying a Pro Sports Team? 10 Things Successful Owners Think You Should Know (RobbReport)
- Here’s What It’s Like to Drive McLaren’s 611 HP Street-Legal Racer, the 620R (RobbReport)
- The World’s Largest Aircraft, With a Wingspan Longer Than a Football Field, Just Completed Its Second Test Flight (RobbReport)
- Forget Batteries, This New Lightweight Hypercar Will Be Powered Entirely by Hydrogen (RobbReport)
- Jerry Jones’s Custom Airbus Chopper Is a Dallas Cowboy for the Skies (RobbReport)
- Big Tech is now worth so much we’ve forgotten to be shocked by the numbers (TechCrunch)
- Aston Martin Unveils Roofless V12 Speedster Special Edition (Maxim)
- Wayfair’s $112 billion plan to take over your entire home (Fast Company)
- Inflation, Unemployment And The Phillips Curve (NPR Planet Money)
- Lotus Wants Its First Electric Sports Car to Weigh the Same as Its Last Gas-Powered Car (Road and Track)
- How Costco Is Masking A 14% Price Jump With Shrinkflation (ZeroHedge)
Be in the know. 30 key reads for Saturday…
- Apple Hit With Landmark Antitrust Charges in Europe Over App Store (Barron’s)
- Here’s What Biden’s Corporate Tax Plan Means for Investors (Barron’s)
- Biden’s $4 Trillion Economic Plan, in One Chart (New York Times)
- What the cluck? Fast food chains warn of dire chicken shortage in US (New York Post)
- Bank of America Stock Is a Buy. Here’s Why. (Barron’s)
- PracticesThe Price of the Stuff That Makes Everything Is Surging (Bloomberg)
- Legalized Marijuana Will Be a Big Win for U.S. Pot Stocks. How to Bet on the Sector. (Barron’s)
- Exxon, Chevron Preach Prudence Even as Cash Waterfall Returns (Bloomberg)
- Summers Sees Signs of Scarce Workers as Harbinger of Inflation (Bloomberg)
- U.S. Personal Incomes Soar by Most on Record on Fiscal Stimulus (Bloomberg)
- Thanks to Spotify, the Music Is Stopping for Apple (Bloomberg)
- 8 different areas have taken turns leading the latest bull market in stocks – and that diversity is part of what makes the climb so sustainable, says one Wall Street chief strategist (Business Insider)
- Why investors should invest in asset bubbles rather than avoid them, according to JPMorgan (Business Insider)
- Berkshire Hathaway’s annual meeting is here: What to expect from Warren Buffett and Charlie Munger (CNBC)
- Berkshire Hathaway’s operating earnings jump, Buffett continues to buy back stock (CNBC)
- Clorox weighs price increases on products in response to inflationary costs (CNBC)
- Value investing: Is this the biggest opportunity since the tech bubble? (BNP)
- U.S. stocks have risen to all-time highs this year. Should you ‘sell in May and go away’? (MarketWatch)
- Railroad Stocks Are Rallying. What That Means for the Economy (Barron’s)
- Residents Furious at Release of 500 Million Gene-Hacked Mosquitoes (Futurism)
- Taxing Speculation (investoramnesia)
- Why ‘Black Swan’ author Nassim Taleb calls bitcoin an ‘open Ponzi scheme’ (CNBC)
- Dining out is back, as America gets vaccinated (CNN)
- The last clean energy boom turned to bust. Will this time be any different? (CNN)
- More than 90 New Airlines Are Launching in 2021. They Say It’s the Perfect Time. (Wall Street Journal)
- Rally in Transportation Stocks Nears 122-Year-Old Record Streak (Wall Street Journal)
- 2021 Ferrari Roma: A High-Tech Sports Car With a Midcentury Look (Wall Street Journal)
- Investors move into cash at fastest rate since March last year (Financial Times)
- Why a $10,000 Tax Deduction Could Hold Up Trillions in Stimulus Funds (New York Times)
- Deepest Backwardation Since ‘07 Shows World Short on Commodities (Bloomberg)
Hedge Fund Tips with Tom Hayes – VideoCast – Episode 80
Article referenced in VideoCast above:
The Chuck Berry “Ridin’ Along” Stock Market (and Sentiment Results)…
Hedge Fund Tips with Tom Hayes – Podcast – Episode 70
Article referenced in podcast above:
The Chuck Berry “Ridin’ Along” Stock Market (and Sentiment Results)…