- Hey Dave, “Where’s the Beef?” (ZeroHedge)
- American Suburbs Swell Again as a New Generation Escapes the City (Wall Street Journal)
- OPEC and allies extend oil supply cut in bid to boost prices (Reuters)
- China’s Deleveraging Is Over (Wall Street Journal)
- Goldman Sachs Has 4 Top Pick Energy Stocks to Buy as OPEC Cuts Remain in Place (24/7 Wall Street)
- Hedge Funds Are Tracking Private Jets to Find the Next Megadeal (Bloomberg)
- Why Goldman Sachs Could Be a New Safety Stock (Wall Street Journal)
Russell 2000 (top weights) Earnings Estimates Climb Higher
In the spreadsheet above I have tracked the earnings estimates for the top weighted Russell 2000 small cap stocks. I have columns for what the 2019 and 2020 estimates (if available) were: 3/15/2019, 5/1/2019 and today. The Continue reading “Russell 2000 (top weights) Earnings Estimates Climb Higher”
Hedge Fund Trade Tip (PIN) – Position Idea Notification
Where is money flowing today?
Unusual Options Activity – Range Resources Corporation (RRC)
Today some institution/fund purchased 7,176 contracts of Jan $10 strike calls (or the right to buy 717,600 shares of Range Resources Corporation (RRC) at $10). The open interest was 3,234 prior to this purchase. Continue reading “Unusual Options Activity – Range Resources Corporation (RRC)”
Insider Buying in Hooker Furniture Corporation (HOFT)
Hedge Fund Trade Tip (PCN) – Position Completion Notification
Be in the know. 5 key reads for Monday…
- OPEC set to extend oil supply cut as Iran endorses pact (Reuters)
- Wall St. eyes return to record highs as stocks cheer trade reprieve (Reuters)
- Stifel Has 5 Mid-Cap Energy Stocks to Buy With 100% and More Upside Potential (24/7 Wall Street)
- How Two College Dropouts Built an $860 Million Fortune by Age 23 (Bloomberg)
- The Stock Market Has Been on a Tear. History Says It’s Time to Get Greedy. (Barron’s)
Be in the know. 15 key reads for Sunday…
- China eases foreign investment curbs amid cooling trade tensions (Reuters)
- Trump crosses DMZ to meet with Kim Jong Un in North Korea (New York Post)
- The World’s 50 Best Restaurants: French ‘Mirazur’ At The Top (Forbes)
- Hedge Fund and Insider Trading News: Daniel Loeb, Ray Dalio, Lone Pine Capital, Saba Capital Management, Kingstown Capital Management, Alphabet Inc (GOOGL), AMAG Pharmaceuticals Inc. (AMAG), and a Lot More ()
- American Living (The Irrelevant Investor)
- Why a Strong Dollar Causes the World Major Pain (Podcast) (Bloomberg)
- Mark Cuban Says These 2 Words Separate Those Who Achieve From Those Who Only Dream (Inc.)
- I tried being a lumberjack and it was OK (Economist)
- The 1 Decision That Helped Yeti Move From Cult Brand to Nearly $800 Million in Revenue (Inc.)
- The Rise Of American Oil (NPR)
- Jony Ive made the entire tech world care about design (The Verge)
- How Do You Follow Up ‘Old Town Road?’ If You’re Lil Nas X, You Don’t Try (Rolling Stone)
- Wall Street was ready for the latest twist in the trade war. Here’s how experts think Trump and Xi’s trade truce will play out. (Business Insider)
- What Does Putin Really Want? (New York Times)
- Connecticut billionaire Paul Tudor Jones wants to save Africa with new nonprofit (New York Post)
Rear View Mirror: Sideways Earnings = Sideways Price. Windshield View?
Data Source: Factset
Yogi Berra, “If you don’t know where you’re going, you might not get there.”
Not much has changed with Q2 Earnings Estimates in the past week. Factset still has them at -2.6% year on year. This low bar likely implies a slightly positive year on year outcome – similar to the beat rate of Q1. Continue reading “Rear View Mirror: Sideways Earnings = Sideways Price. Windshield View?”