Tom Hayes – Mark Simone Show Appearance with Larry Mendte on 710 WOR – 11/25/2020

Mark Simone Show Appearance with Larry Mendte on 710 WOR – Thomas Hayes – Chairman of Great Hill Capital – November 25, 2020.

Thanks to the legendary Larry Mendte for inviting me on the Mark Simone Show today to talk Stock Market and the Economy.

Mendte has over 80 Regional Emmy Awards from the New York, San Diego, Chicago and Philadelphia markets, and holds the record in several categories in Philadelphia and Chicago. In Philadelphia, he has won a record 4 Emmy Awards in the Outstanding Anchor category and seven in various writing categories.

Be in the know. 12 key reads for Wednesday…

  1.  Equal-Weighted Indexes Are Winning—and That’s a Good Sign for Stocks (Barron’s)
  2. Deere’s Blowout Earnings Are Good News for Caterpillar and Others (Barron’s)
  3. 4 Energy Companies Pumping Out Cash for Dividends (Barron’s)
  4. A Homebound Nation Goes All Out With Lavish Christmas Decorations (Wall Street Journal)
  5. Durable Goods Orders Expand Faster Than Expected in October (Bloomberg)
  6. U.S. Corporate Profits Surge at Record Pace, GDP Report Shows (Bloomberg)
  7. Wall Street Dealers in Hedging Frenzy Get Blamed for Volatility (Bloomberg)
  8. Another record low mortgage rate just caused demand to jump for both refinances and home purchases (CNBC)
  9. Dow 30,000 could draw in investors from the sidelines with more stocks participating in the next leg (CNBC)
  10. ECB says European banks can restart dividend payments next year if they show resilience, according to a report (Business Insider)
  11. The ‘surprisingly robust’ stock market will finish the year strong — and wary traders should stay invested, says Fundstrat’s Tom Lee (Business Insider)
  12. Oil’s Surge Toward $50 Risks Giving OPEC+ Yet Another Headache (Bloomberg)

Unusual Options Activity – Exxon Mobil Corporation (XOM)

Data Source: barchart

Today some institution/fund purchased 5,414 contracts of Jan 2023 $30 strike calls (or the right to buy 541,400 shares of Exxon Mobil Corporation (XOM) at $30). The open interest was just 956 prior to this purchase. Continue reading “Unusual Options Activity – Exxon Mobil Corporation (XOM)”

Be in the know. 22 key reads for Tuesday…

  1. Raymond James Upgrades Wells Fargo (WFC) Two-Notches to Outperform on Positive Catalysts (Street Insider)
  2. Why Wells Fargo Stock Is a Buy (Barron’s)
  3. Energy and Travel Stocks in Europe Are Flying Again. Here’s Why. (Barron’s)
  4. Biden Taps Janet Yellen for Treasury Secretary. What to Know About the Pick. (Barron’s)
  5. ‘The Queen’s Gambit’ Sends Chess Set Sales Soaring (New York Times)
  6. Why Now May Be the Time to Buy Health Care Stocks (Barron’s)
  7. Emerging Market Value Stocks Are Cheap and Attractive (Barron’s)
  8. Brent crude oil sees highest finish since March as positive vaccine news mounts (MarketWatch)
  9. GE Stock Is Soaring With Manufacturing, Consumer-Services on Upbeat PMI Data (Barron’s)
  10. GE Is Buying Again, Making Its First Deal Under Culp (Barron’s)
  11. Cyclicals Lead Global Stocks Higher; Dollar Drops: Markets Wrap (Bloomberg)
  12. 8 Stocks Warren Buffett Just Bought (Yahoo! Finance)
  13. Los Angeles County says science fueling new rules – but is it? Here are the stats (Fox Business)
  14. Why Treasury Secretary is Biden’s most crucial Cabinet pick (Yahoo! Finance)
  15. Opinion: Here are your odds that stock prices will be higher at the end of 2021 (MarketWatch)
  16. These five cyclical stocks could rocket when a Covid-19 vaccine drops, says Morgan Stanley (fnlondon)
  17. Home prices see biggest spike in 6 years in September, according to S&P Case Shiller (CNBC)
  18. Jim Cramer unveils list of ‘return to normalcy’ stocks to buy on vaccine optimism (CNBC)
  19. Economists are calling for more stimulus checks. Here’s where assistance plans stand (CNBC)
  20. U.S. Economic Activity Picks Up on Postelection Lift, Vaccine Results (Wall Street Journal)
  21. New York City Needs Federal Funds to Recover Economic Footing, Mayor Says (Wall Street Journal)
  22. Facebook Ads Could Be Reaching Saturation Point (Wall Street Journal)