Be in the know. 25 key reads for Wednesday…
- Target Stock Is Up After Earnings. Walmart Wasn’t a Tough Act to Follow After All. (Barron’s)
- Why states can’t go bankrupt (CNBC)
- Homebuilding stocks rise despite April slowdown — how to play the move (CNBC)
- Weekly mortgage applications point to a remarkable recovery in homebuying (CNBC)
- The Metropolitan Museum of Art plans to reopen in mid-August (New York Post)
- Thousands of sports fans who can’t gamble on their favorite teams are reportedly flocking to the stock market instead. (Business Insider)
- Chinese smartphone maker Xiaomi reports 13.6% rise in first-quarter revenue. (Business Insider)
- Lowe’s stock surges after profit, sales rise well above expectations (MarketWatch)
- ‘Main Street’ lending program will start at end of May, Fed officials say (MarketWatch)
- Here come the TALF funds (MarketWatch)
- For Home Builders, a Better Kind of Recession (Wall Street Journal)
- ‘The Joe Rogan Experience’ Launches Exclusive Partnership with Spotify (SPOT) (Street Insider)
- JetBlue, United Airlines take more steps to counter coronavirus spread (Street Insider)
- Northrop Grumman (NOC) Raises Quarterly Dividend 9.8% to $1.45; 1.8% Yield (Street Insider)
- 5 Dividend Aristocrat Stocks to Buy That Could Weather Another Brutal Sell-Off (24/7 Wall Street)
- Delta CEO to Bartiromo: No US airlines will go out of business thanks to Trump (Feox Business)
- Venetian Las Vegas reveals coronavirus safety measures, charity (Fox Business)
- U.S. bank regulator finalizes new community lending rule (Reuters)
- Is the U.S. on the Path to Recovery? 14 Charts to Watch. (Bloomberg)
- Return of Car Traffic Fuels Surge in Oil (Wall Street Journal)
- Did Angela Merkel Just Make a U-Turn in Her European Policy? (Bloomberg)
- Live Sports Will Return to TV in June, ViacomCBS Says (Barron’s)
- Value Stocks Look Cheaper Than Ever (Barron’s)
- President Trump Can Choose Which States Get Coronavirus Payback From FEMA (Wall Street Journal)
- At Least 30 Public Companies Say They Will Keep PPP Loans (Wall Street Journal)
Where is money flowing today?
Tom Hayes – Yahoo! Finance TV Appearance – 5/19/2020
Yahoo! Finance TV Appearance – Thomas Hayes – Chairman of Great Hill Capital – May 19, 2020
Be in the know. 22 key reads for Tuesday…
- Value Managers Fight Back (Institutional Investor)
- Southwest says bookings outpace cancellations in May (Reuters)
- 4 Energy Stocks to Buy Now as Massive Oil Rally Continues (24/7 Wall Street)
- TikTok nabs Disney’s streaming boss to be its new CEO (CNBC)
- Some signs children may not transmit COVID-19, two UK epidemiologists say (Reuters)
- The U.S. Space Force Is Starting to Launch Rockets. These Stocks Should Benefit. (Barron’s)
- Regions Financial funds 37,000 PPP loans totaling $4.7B (TheFly)
- Walmart earnings soar as e-commerce sales jump, shoppers flock to stores (CNBC)
- Home Depot (HD) Misses Q1 EPS by 18c, Revenues Beat; Suspending FY20 Guidance, ‘Sales Were Strong at End of 1Q’ (StreetInsider)
- JPMorgan hands out $30 billion in loans to small businesses: memo (StreetInsider)
- U.S. housing starts drop more than expected (Reuters)
- Kohl’s online sales surge amid lockdown, reopens about half of its stores (StreetInsider)
- 47% of people will visit restaurants ‘as soon as they reopen:’ Piper Sandler (Yahoo! Finance)
- Covid Patients Testing Positive After Recovery Aren’t Infectious, Study Shows (Bloomberg)
- Loaded With Cash, Real Estate Buyers Wait for Sellers to Crack (Bloomberg)
- Kudlow to Bartiromo: Why Beijing won’t sell US debt despite coronavirus feud (FoxBusiness)
- 3 factors why this economic bounceback won’t mirror 2008: Commerce Secretary Wilbur Ross (FoxBusiness)
- Olive Garden parent plans to reopen more than 65% of dining rooms by end of May (CNBC)
- Liability protections are top GOP priority in next coronavirus bill, McCarthy says (CNBC)
- The Auto Market Is Improving Faster Than Expected (Barron’s)
- President Trump says he is taking hydroxychloroquine (Reuters)
- Fed Chair Powell’s Comments Spark Rally in Bank Stocks Barron’s)
May Bank of America Global Fund Manager Survey Results (Summary)
Data Source: Bank of America
Each month, Bank of America conducts a survey of ~200 fund managers with ~$600B AUM. Here are the key takeaways from the survey published on May 19, 2020: Continue reading “May Bank of America Global Fund Manager Survey Results (Summary)”
Where is money flowing today?
Quote of the Day…
Be in the know. 10 key reads for Monday…
- 21 Cheap Stocks With Above-Average Growth Prospects (Barron’s)
- Global Stocks Advance on Signs of Slowing Virus as Powell Interview Adds Cheer (Barron’s)
- Moderna Reports Positive Vaccine News (Barron’s)
- Fed’s Powell tells ‘60 Minutes’ he’s not out of ammunition to fight the recession (MarketWatch)
- Work-from-home productivity pickup has tech CEOs predicting many employees will never come back to the office (MarketWatch)
- Barron’s Picks And Pans: Cisco, Gilead, Netflix, Wayfair And More (Yahoo! Finance)
- Hertz appoints new CEO to lead car rental giant (Fox Business)
- Dwayne ‘The Rock’ Johnson ‘very proud’ of his daughter joining WWE New York Post)
- Dan Bilzerian Pushes Party Brand From a Social Distance (Bloomberg)
- Brent at one-month high, U.S. oil tops $31 as restrictions ease (Street Insider)