On March 19, 2020, Ellen Alemany – Chair & CEO of CIT Group Inc. (CIT) – purchased 35,000 shares of CIT at $14.69. His out of pocket cost was $514,150.
Hedge Fund Trade Tip (PIN) – Position Idea Notification
Yahoo! Finance TV Appearance on Friday (Video)
Where is money flowing today?
Be in the know. 20 key reads for Friday…
- Global Stocks Rise as Governments and Central Banks Pour on Stimulus (Barron’s)
- In the Hunt for Cash, Here Are 5 Companies With Plenty of It (Barron’s)
- Gilead upgraded to Overweight from Neutral at Piper Sandler (TheFly)
- Search for Coronavirus Vaccine Becomes a Global Competition (New York Times)
- Will ‘Helicopter Money’ and the ‘Big Bazooka’ Help Rescue Europe? (New York Times)
- Experts recommend these stocks to buy during coronavirus outbreak (New York Post)
- Divided G20 faces pressure to lead global response to coronavirus (Reuters)
- Republicans work to cut withdrawal penalty from savings accounts (Fox Business)
- This big bank to offer mortgage relief (Fox Business)
- Ventilator manufacturer works to ease shortage (USA Today)
- Ray Dalio: Damage From Coronavirus Will Be ‘Much Greater’ Than Reported (Institutional Investor)
- J.P. Morgan strategist says markets are about to get calmer, if not better (MarketWatch)
- Market action a century ago suggests worst could be over for stocks (MarketWatch)
- Carl Icahn Shows New 14.86% Stake in Delek US Holdings (DK), Pushes for CVI (CVI) Merger (Street Insider)
- Fed buying more this week than biggest week during the financial crisis – CNBC’s Liesman (Street Insider)
- The Spanish Flu – Coo coo ca choo – Stock Market (and sentiment results)… (ZeroHedge)
- Another Exxon Mobil Executive Makes a $1 Million Stock Buy (Barron’s)
- Health Crisis Could Give Cigarette Makers a Break (Wall Street Journal)
- 5 Bottom-Fishing Blue-Chip Dividend Stocks (24/7 Wall Street)
- Mnuchin and Pelosi Are Most Pivotal Duo in Virus-Hit Capital (Bloomberg)
Featured in MarketWatch Article Today:
Thank you to Shawn Langolis and Barbara Kollmeyer for featuring me in this MarketWatch article today:
“Market action a century ago suggests worst could be over for stocks, if not for the coronavirus pandemic.” You can read it here:
Click Here to View The Full Article at MarketWatch
My quotes in the Wall Street Journal (Thursday):
Thanks to Xie Yu, Akane Otani and Caitlin Ostroff
for including me in their article in the The Wall Street Journal (Asia Edition Only) Thursday:
“U.S. Stocks Close Higher After Central Banks’ Action” You can read it here:
Click Here to View The Full Article
Unusual Options Activity – Cisco Systems, Inc. (CSCO)
Data Source: barchart
Today some institution/fund purchased 1,060 contracts of Jan 2022 $37.5 strike calls (or the right to buy 106,000 shares of Cisco Systems, Inc. (CSCO) at $37.71). The open interest was 788 prior to this purchase. Continue reading “Unusual Options Activity – Cisco Systems, Inc. (CSCO)”
Insider Buying in Exxon Mobil Corporation (XOM)
Quoted in Reuters article today:
Thanks to Sanjana Shivdas and Medha Singh for including me in their article on Reuters today. You can find it here:
Click Here to View The Full Article on Reuters