Unusual Options Activity – Ensco plc (ESV)
Today some institution/fund purchased 33,743 contracts of June $5 strike calls (or the right to buy 3,374,300 shares of Ensco plc (ESV) at $5). The open interest was just 6,707 prior to this purchase. Continue reading “Unusual Options Activity – Ensco plc (ESV)”
Be in the know. 8 key reads for Wednesday…
- China investment, markets recovery should boost global economy later in the year, IMF says (MarketWatch)
- Bristol-Myers, JPMorgan, and 2 Other Dividend-Paying Stocks That Could Beat the Market (Barron’s)
- Opinion: Move over, Ferrari and Lamborghini — this Italian electric car’s 1,900 horsepower makes it faster than a Formula 1 racer (MarketWatch)
- U.S. Readies $11 Billion in Tariffs on E.U. (New York Times)
- 7 things you didn’t know you could do with Gmail (USA Today)
- ECB Keeps Policy Unchanged as Euro-Area Economy Faces New Risks (Bloomberg)
- Apple downgraded by HSBC to sell rating on concern about new services: ‘Too late to the game’ (CNBC)
- 2019 NHL Playoffs: Stanley Cup Odds for All 16 Teams in the Postseason (Newsweek)
Hedge Fund Trade Tip (PIN) – Position Idea Notification
European (Stoxx 600) Q1 Earnings Estimates Drop Again
Data Source: Thomson Reuters
Estimates for European Q1 earnings have dropped from -1.6% to -3.2% in the past week. This puts Europe’s estimates in-line with the U.S. – which is at -3.9% for Q1 as of Friday. Continue reading “European (Stoxx 600) Q1 Earnings Estimates Drop Again”
Hedge Fund Trade Tip (PIN) – Position Idea Notification
Be in the know. 7 key reads for Tuesday…
- Demand for Saudi Aramco Bonds Sails Past the Goal (New York Times)
- U.S. threatens tariffs on European wine and cheese in response to Airbus subsidies (MarketWatch)
- Fed Moves to Ease Living Wills, Allowing Large Banks to File Wind-Down Plans Less Frequently (Wall Street Journal)
- Potential U.S. auto tariffs would hurt Germany, Japan, Korea: Moody’s (Reuters)
- March Small Business Optimism Stalls on Weak Outlook for Economic Growth (24/7 Wall Street)
- 8 Levels of Financial Freedom (Forbes)
- Daniel Loeb’s Third Point hedge fund building a stake to pressure Sony, sources say (last time George Clooney wasn’t happy about it) (Japan Times)
Cotton Update: up 9.6% sans leverage
Since our post on February 19, Cotton is up 9.6% (underlying) excluding leverage. Could it have gone the other way? Of course, but the odds were in our favor – look at the data: Continue reading “Cotton Update: up 9.6% sans leverage”
Be in the know. 9 key reads for Monday…
- What self-made multimillionaires have in common (MarketWatch)
- Aramco Debt Demand Reaches $30 Billion in Deal Pitched by JPMorgan CEO (Bloomberg)
- Amazon’s Whole Foods price cuts aim to build a ‘Costco-like’ relationship with Prime members (MarketWatch)
- Boeing faces liabilities as CEO Dennis Muilenburg acknowledges ‘apparent’ 737 Max problem (USA Today)
- Dalio Says Capitalism’s Income Inequality Is National Emergency (Bloomberg)
- GE shares dive after downgrade by top analyst Tusa at JP Morgan; price target cut to $5 (CNBC)
- The price of Brexit has been £66 billion so far, plus an impending recession — and it hasn’t even started yet (Business Insider)
- Add-On Services Emerge as Car Dealers’ Profit Generator (Wall Street Journal)
- Bankruptcies Test One of Wall Street’s Favorite Trades (Wall Street Journal)
Be in the know. 20 key reads for Sunday…
- This Smart Fishing Reel Messages Your Phone When You’ve Got a Bite (Maxim)
- Why Goldman Sachs Is So Bullish on Disney After the Fox Acquisition (24/7 Wall Street)
- Boeing to Decrease 737 Max Production Starting in April (TheStreet)
- ECRI Weekly Leading Index Update: WLI Bouncing Back (Advisor Perspectives)
- You Could Have Today. Instead You Choose Tomorrow (Medium)
- 5G is still just hype for AT&T and Verizon (The Verge)
- The “New Energy Economy”: An Exercise in Magical Thinking (Manhattan Institute)
- Episode 904: Joke Theft (NPR Planet Money)
- 5 of Albert Einstein’s favorite books (Big Think)
- The Austerity Chronicles (Kenneth Rogoff) (Project Syndicate)
- How to Get What You Want (The Irrelevant Investor)
- Elon Musk and Netflix Both Use This Ancient Mental Strategy and It’s Pure Genius (Inc)
- The stock is down 91% since August. But Maiden Holdings insiders just bought at $0.78. (Whale Wisdom)
- Ferrari P80/C – The Most Epic Supercar from the Maranello manufacturer (Luxuo)
- Driving the Porsche GT3 RS and GT2 RS, the New Quickest Production Cars (Popular Mechanics)
- Adam Sandler to Host ‘Saturday Night Live’ for the First Time (Variety)
- Risk Assets Have Front-Run Reality (w/ Tian Yang) | Expert View (RealVision)
- Wall Street prepares to profit off looming global credit crunch (New York Post)
- Here’s a presidential secret all stock investors need to know (USA Today)
- New NAFTA deal ‘in trouble’, bruised by elections, tariff rows (Reuters)