Hedge Fund Tips

Unusual Options Activity – BP p.l.c. (BP)

Data Source: barchart

Today some institution/fund purchased 1,154 contracts of April 16 strike calls (or the right to buy 115,400 shares of BP p.l.c. (BP) at $16). The open interest was just 246 prior to this purchase. Continue reading “Unusual Options Activity – BP p.l.c. (BP)”

Data Source: Finviz

Buy the worst? Here are 5 destroyed stocks for this bottom-fishing strategy (MarketWatch)
Value Stocks Could Shine After U.S. Election, No Matter Who Wins (Bloomberg)
Walgreens stock jumps after profit falls less than expected, revenue rises above forecasts (MarketWatch)
Stocks Drop as Stimulus Hopes Fade (Barron’s)
Small-Caps Point to Renewed Confidence in the Economy (Barron’s)
Mnuchin says he’ll give ground on virus testing in stimulus negotiations with Pelosi (CNBC)
China Drugmaker Gives Unproven Covid-19 Vaccine to Students Going Abroad (Wall Street Journal)
Second Covid-19 Vaccine Approved by Russia (Wall Street Journal)
Walmart CEO Doug McMillon to Congress: Get a stimulus deal done (CNBC)
These stocks trading at discounts to their valuations may be worth buying, traders say (CNBC)
Rockwell Automation to reverse salary cuts, restore 401 (k) match for U.S. employees in November (MarketWatch)
$300B from 1st relief available for loans, stimulus checks says Mnuchin (FoxBusiness)
Here’s How Much Investing $1,000 In Bank Of America At Great Recession Lows Would Be Worth Today (Benzinga)
10 Consumer Staples Stocks With Fat Dividends and Reasonable Valuations (Barron’s)
ICON Study Evidencing Efficacy of Ivermectin Against COVID-19 Published in Peer Review Journal Chest (TrialSiteNews)

With the four major banks reporting earnings in the past 48 hours, the song that hit the mark for this week’s note is “I’m an Accountant” (by Rocky Paterra). This has been trending on TikTok for several weeks: Continue reading “The “I’m an Accountant” Stock Market (and Sentiment Results)…”

Thanks to Devik Jain for including me in his article on Reuters today. You can find it here:

Data Source: Finviz

A Dozen Stocks That Will Make Both Growth and Value Investors Happy (Barron’s)
7 Value Stocks With Morningstar ‘Buy’ Ratings (Yahoo! Finance)
Bank of America Beat Earnings Forecasts. Why Its Stock Is Dropping. (Barron’s)
Goldman Sachs’s Third-Quarter Profit Nearly Doubles (Wall Street Journal)
Exxon’s Dividend Is Still a Concern. Goldman Sachs Upgraded It Anyway. (Barron’s)
Wells Fargo Profit Slumps on Severance, Remediation Charges, Revenue Beats (Bloomberg)
Wells Fargo returns to profit after painful second quarter (Financial Times)
A Wall Street chief strategist says US lawmakers need a deal on fiscal aid – even a small one will help save consumer spending. (Business Insider)
Failure to provide more fiscal stimulus is a ‘significant mistake’ that could cause more businesses to fail, Moody’s chief economist says. (Business Insider)
Warren Buffett’s Berkshire Hathaway is in talks to partner with Mitsui, the Japanese trading group’s CEO says (Business Insider)
Should Fiscal Policy Get More Chinese? (Wall Street Journal)
Hedge fund short sellers target pandemic winners (Financial Times)
Derivatives trading surges for big US tech companies (Financial Times)
Study of Eli Lilly Covid-19 Drug Paused Due to Safety Concern (Wall Street Journal)
Regeneron’s Coronavirus October Surprise (Wall Street Journal)

In the spreadsheet above I have tracked the earnings estimates for the Financials Sector ETF (XLF) top 30 weighted stocks. Continue reading “Financials (top 30 weights) Earnings Estimates/Revisions”

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Data Source: barchart

Today some institution/fund purchased 1,454 contracts of Jan $42.5 strike calls (or the right to buy 145,400 shares of EOG Resources, Inc. (EOG) at $42.5). The open interest was just 408 prior to this purchase. Continue reading “Unusual Options Activity – EOG Resources, Inc. (EOG)”