Be in the know. 15 key reads for Wednesday…

  1. Market bull Jeremy Siegel warns the Nasdaq rebound will unravel, favors value stocks (CNBC)
  2. Electric Carmakers Burn Through Cash Like Gas in a Combustion Engine (Bloomberg)
  3. Chevron vows to slow carbon emissions, raise oil output (FoxBusiness)
  4. Verizon, AT&T, and T-Mobile All Host Investor Days This Week. Here’s What To Expect. (Barron’s)
  5. China’s Tapping the Brakes as U.S. Revs Up Stimulus. Here’s What That Means, According to Pimco. (Barron’s)
  6. Inside a Billionaire’s Plan to Influence New York’s Mayoral Race (New York Post)
  7. Eurozone banks are showing life after 15 rough years. Will the ECB snuff out the rally? (MarketWatch)
  8. ‘There is a cost to doing nothing,’ strategist warns of aging U.S. infrastructure (MarketWatch)
  9. GE Stock Is Hot. That’s Why the Company’s Annual Outlook Call Is a Big Deal. (Barron’s)
  10. Wall Street A-Listers Fled to Florida. Many Now Eye a Return (Bloomberg)
  11. Roblox goes public Wednesday — here’s how indie game makers turned it into a $30 billion company (CNBC)
  12. Gundlach: “People Are Starting To Believe That Stimulus Is Permanent” (ZeroHedge)
  13. Boeing delivers 22 jets in February, net order turn positive for first time in 14 months (Street Insider)
  14. Campbell Soup (CPB) Reports In-Line Q2 EPS, Offers Guidance (Street Insider)
  15. Strategists bump up U.S. profit targets after fourth quarter blows past expectations (Reuters)

Be in the know. 20 key reads for Tuesday…

  1. Merck’s Covid-19 Antiviral Shows Early Promise (Barron’s)
  2. How Wall Street’s 24 Best-Loved Stocks Can Help Tell What’s Ahead (Barron’s)
  3. Theater Chains Were at Hollywood’s Mercy During Pandemic. That May Be Changing. (Barron’s)
  4. Why One Coca-Cola Skeptic Is Now a Believer Again (Barron’s)
  5. Another Costco Bull Defends the Stock Post-Earnings (Barron’s)
  6. Why David Tepper says ‘it’s very difficult to be bearish’ on the stock market (MarketWatch)
  7. Airbnb, Lyft and Other Stocks Set to Benefit From a Consumer Spending Boom (Barron’s)
  8. Vaccinated Americans, Let the Unmasked Gatherings Begin (but Start Small) (New York Times)
  9. Pfizer-BioNTech Covid Shot Neutralizes Brazilian Strain in Lab (Bloomberg)
  10. China’s $1 Trillion Stock Rout Tests Limit of State Intervention (Bloomberg)
  11. Rise of the retail army: the amateur traders transforming markets (Financial Times)
  12. Private Equity’s Time May Have Come for Bank Deals (Wall Street Journal)
  13. This Isn’t Inflation’s TIP-ping Point (Wall Street Journal)
  14. House Progressives Back Revised Covid-19 Aid Bill as Vote Nears (Wall Street Journal)
  15. The Energy Report 03/09/2021 (Phil Flynn)
  16. Walgreens has administered 5 million COVID-19 vaccine shots (MarketWatch)
  17. Shell Strikes $926 Million Deal to Sell Oil Assets in Egyptian Desert (Yahoo! Finance)
  18. OPEC’s sneaky oil move may leave energy markets thirsty (Fox Business)
  19. Cliff Asness Has Once Again Come to Value’s Defense (Institutional Investor)
  20. AMC Sees Price Target Doubled At Wedbush Amid Meme Stock Renaissance (Benzinga)

Unusual Options Activity – Petróleo Brasileiro S.A. – Petrobras (PBR)

Data Source: barchart

Today some institution/fund purchased 30,236 contracts of July $9 strike calls (or the right to buy 3,023,600 shares of Petróleo Brasileiro S.A. – Petrobras (PBR) at $9). The open interest was 24,024 prior to this purchase. Continue reading “Unusual Options Activity – Petróleo Brasileiro S.A. – Petrobras (PBR)”