Be in the know. 8 key reads for Wednesday…

  1. Wells Fargo Earnings Jump as Economy Bounces Back (Wall Street Journal)
  2. JPMorgan Beat Profit Estimates, Driven by a Release of Credit Reserves (Barron’s)
  3. Here Are 10 Italian Stocks to Play the Reflation Trade (Barron’s)
  4. Moderna Previews Its Pipeline of Vaccines. The Stock Is Rising. (Barron’s)
  5. Exxon Mobil stock gains after Raymond James analyst backs off long-time bearish stance (MarketWatch)
  6. American Air Bets on Travel Resurgence With New Summer Schedule (Bloomberg)
  7. Goldman Sachs Says Buy These 4 Energy Stocks for Possible Summer Rally (247wallst)
  8. Banks, After Bracing for Disaster, Are Now Ready for a Boom (Wall Street Journal)

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

Data Source: barchart

Today some institution/fund purchased 10,023 contracts of Jan 2023 $20 strike calls (or the right to buy 1,002,300 shares of Petróleo Brasileiro S.A. – Petrobras (PBR) at $20). The open interest was 7,114 prior to this purchase. Continue reading “Unusual Options Activity – Petróleo Brasileiro S.A. – Petrobras (PBR)”

Be in the know. 10 key reads for Tuesday…

  1. JPMorgan Chief Strategist Says Markets May Be at Long-Term Turning Point (Bloomberg)
  2. Citigroup’s Path Forward Is as Important to Wall Street as the Numbers (Barron’s)
  3. Big banks can maintain revenue boom for years with $400bn transaction banking push (fnlondon)
  4. The Used Car Bubble: How Sky-High Pricing Is Good for Stocks (Barron’s)
  5. Signs of Spring. The Energy Report 04/13/2021 (Phil Flynn)
  6. Majority of CEOs say Biden tax hikes will harm business, slow wage growth: poll (New York Post)
  7. U.S. Consumer Prices Increased in March by Most Since 2012 (Bloomberg)
  8. ‘Fear of Missing Out’ Will Drive Workers Back Into the Office (Bloomberg)
  9. Don’t ‘overinterpret’ decision to pause J&J vaccine, Dr. Scott Gottlieb says (CNBC)
  10. Consumer prices rise more than expected, pushed by 9.1% jump in gasoline (CNBC)
  11. Oil Majors Face Tough Choices Even With Higher Prices (Wall Street Journal)
  12. Banks Might Get Partial Immunity to Tax Increases (Wall Street Journal)
  13. Hedge Fund Managers Are Feeling Confident (institutionalinvestor)
  14. Here’s where investors see a market bubble — and it isn’t stocks, says Bank of America (MarketWatch)
  15. These stocks are cheap when you factor in how much their sales are expected to rise (MarketWatch)
  16. Fed’s Bullard says inflation risks won’t be clear until later this year (MarketWatch)
  17. US STOCKS-S&P 500 set for muted open on strong inflation (Reuters)