- 2 Reasons This Will Be Gilead’s Year, Says Morgan Stanley (Barron’s)
- Hershey, Allstate and 8 Other Beaten-Down Stocks With Rising Earnings Prospects (Barron’s)
- Shipping Rates Are Soaring. What That Says About the Economy — and Inflation. (Barron’s)
- Netflix Is Soaring Because Subscriber Growth Topped Estimates and It May Even Buy Back Stock (Barron’s)
- ‘Act big’ now to save economy, worry about debt later, Yellen says in Treasury testimony (Reuters)
- US finance chiefs weigh how to spend vast corporate cash piles (Financial Times)
- Morgan Stanley Reports Blowout Quarter Cementing The Bank’s Best Year In History (ZeroHedge)
- Over $5B in US small business relief loans approved in first week –SBA (FoxBusiness)
- Banks Need a Pickup in Loans to Prosper (Wall Street Journal)
- Emerging Markets Have Less Reason to Fear the Fed (Wall Street Journal)
- Herd Immunity Could Be Closer Than We Think (CNBC)
- Janet Yellen suggests ‘curtailing’ cryptocurrencies such as Bitcoin, saying they are mainly used for illegal financing (Business Insider)
- Biden’s rescue plan could boost 2021 GDP growth to 11.4%, JPMorgan’s global chief strategist says (Business Insider)
- AMC soars 37% after issuing $100 million in debt to stave off bankruptcy (Business Insider)
- Sen. Joe Manchin calls for up to $4 trillion in infrastructure spending as Democrats are poised to control Congress (Business Insider)
- Emerging Markets Have Less Reason to Fear the Fed (Wall Street Journal)
- This Should Be a Big Year for Industrial Stocks. These Are Wall Street’s Favorites. (Barron’s)
- China’s Consumers Fall Behind Even as Its Economy Marches Forward (Wall Street Journal)
- Biden to kick off presidency by signing 17 executive actions (New York Post)
- New Opportunities and Risks Arise for Investors as Democrats Take Power (Barron’s)
Biotech (top weights) Earnings Estimates/Revisions
In the spreadsheet above I have tracked the earnings estimates for the Nasdaq Biotech ETF (IBB) top 30 weighted stocks. Continue reading “Biotech (top weights) Earnings Estimates/Revisions”
Unusual Options Activity – Wells Fargo & Company (WFC)
Data Source: barchart
Today some institution/fund purchased 9,934 contracts of Jan 2023 $50 strike calls (or the right to buy 993,400 shares of Wells Fargo & Company (WFC) at $50). The open interest was just 712 prior to this purchase. Continue reading “Unusual Options Activity – Wells Fargo & Company (WFC)”
Tom Hayes – Quoted in Reuters article – 1/19/2021
Thanks to Devik Jain and Medha Singh for including me in their article on Reuters today. You can find it here:
Hedge Fund Trade Tip (PIN) – Position Idea Notification
Hedge Fund Trade Tip (PCN) – Position Completion Notification
Where is money flowing today?
Be in the know. 25 key reads for Tuesday…
- Yellen Readies Big Changes for Treasury (New York Times)
- Bank of America profits jump as it releases over $800m of loan loss reserves (Financial Times)
- Dollar Shorts Mount Before Yellen Outlines Market-Based Policy (Bloomberg)
- BofA Clients With $561 Billion Say Bitcoin Is Most Crowded Trade (Bloomberg)
- Goldman Sachs Says Buy Stocks on Any Market Weakness (Bloomberg)
- Goldman Sachs crushes analysts’ estimates on stronger-than-expected stock trading, banking (CNBC)
- Bank of America posts profit that exceeds analysts’ expectations (CNBC)
- China’s shift from coal helped push natural gas prices to a peak: Eurasia Group (CNBC)
- Oil demand will pick up in 2021, but it will take until the second half of the year for that to filter through. The IEA is forecasting a rise of 5.5 million barrels per day in demand. (Business Insider)
- Investor bets against the dollar are at their biggest in almost 10 years, but rising Treasury yields are a red flag for bears, analysts say (Business Insider)
- How Walgreens, CVS, Kroger, and other retailers plan to leverage tech, convenience, and public trust to get the chaotic mass vaccine rollout back on track (Business Insider)
- Emerging Markets Have Less Reason to Fear the Fed (Wall Street Journal)
- Tomorrow Q4 Earnings Begin In Earnest: Here’s What To Expect… And Why They Don’t Matter (ZeroHedge)
- The Dogs of the Dow and Other High Yielders Keep Roaring Into 2021 (Barron’s)
- The Stock Market Can’t Get Much Better From Here. Why a Correction Could Be Coming. (Barron’s)
- FT Alphaville presents: the EV bubble in real time (Financial Times)
- Occidental claims green push ‘does more than Tesla’ (Financial Times)
- Coronavirus latest: Halliburton signals oil industry poised to climb back after 2020 crash (Financial Times)
- Boeing 737 Max recertified to fly in Europe from next week (Financial Times)
- Investors think there’s more chance Tesla and bitcoin will halve than double, warns Deutsche Bank (MarketWatch)
- Blackstone’s Schwarzman: New U.S. admin going to take a ‘softer tone’ towards China (Reuters)
- The Geezer, Still a Goat: Ageless Tom Brady’s at It Again (Wall Street Journal)
- Keystone XL Oil Project Pledges Zero Carbon Emissions (Wall Street Journal)
- After Stock Surge, Investors Ask Companies What’s Ahead (Wall Street Journal)
- Social-Media Algorithms Rule How We See the World. Good Luck Trying to Stop Them. (Wall Street Journal)