Be in the know. 8 key reads for Wednesday…
- Fox Stock Has Sold Off Since the Disney Deal. How It Can Bounce Back. (Barron’s)
- Hedge Fund and Insider Trading News: David Tepper, Joel Greenblatt, Seth Klarman, Bain Capital, Dollar Tree, Inc. (DLTR), Carnival PLC (CUK), and More (Insider Monkey)
- A Hard Lesson in Silicon Valley: Profits Matter (New York Times)
- Fed Chair Powell Signals Balance Sheet Will Grow Soon After Recent Market Turmoil (New York Times)
- Weekly mortgage refinances jump 10% as rates drop to the lowest level since August (CNBC)
- China ready to discuss a partial trade deal and will increase US agricultural purchases, reports say (CNBC)
- Small-Cap Tech Stocks Are Cheap And Might Be Ready to Rally (Barron’s)
- Want to Sit in This Ultra-Rare Ferrari? Just Ask. (Wall Street Journal)
Unusual Options Activity – Range Resources Corporation (RRC)
Today some institution/fund purchased 30,997 contracts of Jan $4 strike calls (or the right to buy 3,099,700 shares of Range Resources Corporation (RRC) at $4). The open interest was just 707 prior to this purchase. Continue reading “Unusual Options Activity – Range Resources Corporation (RRC)”
Insider Buying in Heron Therapeutics, Inc. (HRTX)
Where is money flowing today?
Hedge Fund Trade Tip (PIN) – Position Idea Notification
Be in the know. 5 key reads for Tuesday…
- Fed’s Kashkari says more easing needed, not sure how much (Reuters)
- Three Key Recession Indicators Are Sending Mixed Signals. Here’s What to Watch. (Barron’s)
- Cisco Systems Could Finally Rally Back to Its Bubble-Era Highs. One Analyst Explains How. (Barron’s)
- Elizabeth Warren Overtakes Joe Biden In Democratic Presidential Race: IBD/TIPP Poll (Investor’s)
- ETFs Get All the Buzz, but Mutual Funds Still Dominate. There’s a Reason. (Wall Street Journal)
Your Rich Uncle is Back From Vacation…
The Fed has done an about face in the last few months, not only cutting 50bps – with more to come, stopping Quantitative Tightening – but now, increasing the balance sheet by ~$200B in the past 35 days (to stabilize the overnight rate). Continue reading “Your Rich Uncle is Back From Vacation…”
Unusual Options Activity – Bank of America Corporation (BAC)
Today some institution/fund purchased 3,147 contracts of Dec $26 strike calls (or the right to buy 314,700 shares of Bank of America Corporation (BAC) at $26). The open interest was just 114 prior to this purchase. Continue reading “Unusual Options Activity – Bank of America Corporation (BAC)”
