Tag: StockMarket

The “August Chop” Stock Market (and Sentiment Results)…

On both Friday and Monday I was on Fox Business – The Claman Countdown – with Liz Claman.  Thanks to Ellie Terrett and Liz for having me on.  In both of these segments we discussed the seasonal period of choppy markets that historically occurs in August and September. Continue reading “The “August Chop” Stock Market (and Sentiment Results)…”

Be in the know. 12 key reads for Wednesday…

  1. FDA Looks To Grant Full Approval To Pfizer’s COVID-19 Vaccine By Early September: NYT (Benzinga)
  2. As China’s recovery wobbles, economists expect more policy easing (Reuters)
  3. Tencent Selloff Shows Deep Scar Tissue in Chinese Markets (Wall Street Journal)
  4. Lyft Makes Its Move in Race for Profits (Wall Street Journal)
  5. SoftBank acquires $5bn stake in Swiss drugmaker Roche (Financial Times)
  6. 6 reasons stocks could surprise to the upside this month despite historically meager returns in August, according to Fundstrat (Business Insider)
  7. Natural Gas Is Looking Like This Summer’s Hottest Commodity (Wall Street Journal)
  8. Alibaba Earnings Were Pretty Good. Why the Stock Has Dropped — Just Like Amazon Did. (Barron’s)
  9. CVS Health raises forecast for year, tops analyst estimates with strong second-quarter sales (CNBC)
  10. 5 Favorite Dividend-Paying Banks to Buy Now With Q2 Earnings Over (24/7 Wall Street)
  11. Mortgage rates fall below 3% for first time since February – MBA (Reuters)
  12. People Have Been Buying Defensive Stocks. (Barron’s)

Unusual Options Activity – Alibaba Group Holding Limited (BABA)

Data Source: barchart

Today some institution/fund purchased 2,522 contracts of Jan 2023 $190 strike calls (or the right to buy 252,200 shares of Alibaba Group Holding Limited (BABA) at $3190).   The open interest was 1,708 prior to this purchase. Continue reading “Unusual Options Activity – Alibaba Group Holding Limited (BABA)”

Be in the know. 15 key reads for Tuesday…

  1. JPMorgan’s Kolanovic pinpoints the moment to start investing in this ravaged asset class again (MarketWatch)
  2. Alibaba tops profit expectations, boosts buyback program (MarketWatch)
  3. Wall Street Is Underestimating the Economic Recovery (Bloomberg)
  4. SVP Doubles Down With $5 Billion to Hunt for Troubled Assets (Bloomberg)
  5. Investors have misconstrued China’s crackdown as anti-capitalist, Ray Dalio says (CNBC)
  6. Simone Biles bounces back, wins bronze on balance beam (CNBC)
  7. Why This Longtime Asia Investor Thinks the Reaction to China’s Crackdown Is Overblown (Barron’s)
  8. Travelers Are Starting to Shift Back to Booking Hotels, Trivago Says (Barron’s)
  9. Aerospace Deal Points to a Brighter Future for Sector (Barron’s)
  10. Ray Dalio says Chinese stocks still ‘important part’ of a portfolio after crackdown (MarketWatch)
  11. Opinion: You may not believe it, but August actually is a great time to be in stocks (MarketWatch)
  12. BP boosts payouts after profit jump, transition on track (Fox Business)
  13. Old-School Contrarians Say Stock Sentiment Getting Out of Hand (Bloomberg)
  14. ConocoPhillips Beats Estimates, Posts Highest Profit Since 2018 (Bloomberg)
  15. Utilities Eye Mini Nuclear Reactors as Climate Concerns Grow (Wall Street Journal)

Be in the know. 15 key reads for Monday…

  1. Why Vaccine Makers Could Benefit From Mandates (Barron’s)
  2. Chinese Stocks Jump as Beijing Signals More Economic Support (Bloomberg)
  3. Pfizer and Moderna ramp up EU Covid vaccine prices (Financial Times)
  4. Proxy Season Is Winding Down, but Activist Opportunities Still Abound (Barron’s)
  5. Li Auto Posts Huge Deliveries. Good News for EVs as Chip Shortage Abates. (Barron’s)
  6. The Cost of Becoming an Olympic Swimmer for Team USA (Wall Street Journal)
  7. Behind the Rise of U.S. Solar Power, a Mountain of Chinese Coal (Wall Street Journal)
  8. Eviction Ban’s Expiration Leaves Renters in South Appearing Most Vulnerable (Wall Street Journal)
  9. Tide of U.S. Debt Set to Recede, Countering Effect of Fed Taper (Bloomberg)
  10. Nuclear Power Could Get Lifeline in Senate Infrastructure Bill (Bloomberg)
  11. FDA Under Pressure to Grant Full Approval to Covid-19 Vaccines (Wall Street Journal)
  12. Senate unveils $1 trillion bipartisan infrastructure bill, vote expected within days (MarketWatch)
  13. Ray Dalio says Chinese stocks still ‘important part’ of a portfolio after crackdown (MarketWatch)
  14. ‘A great time to buy,’ says one Wall Street analyst as Amazon shares tumble on disappointment (MarketWatch)
  15. Brazil manufacturing PMI rises to 5-month high in July, IHS Markit says (Reuters)