Be in the know. 15 key reads for Monday…

  1. United Airlines Drops a Profit Bomb. It Will Make Money in July. (Barron’s)
  2. Money Losers Are Flooding the Market With New Shares (Barron’s)
  3. OPEC+ Expected to Boost Oil Production This Week (Barron’s)
  4. Big Banks Seen Increasing Dividends by 10% on Average (Barron’s)
  5. Commodities Remain a Popular Bet Despite Recent Declines (Wall Street Journal)
  6. Americans Are Leaving Unemployment Rolls More Quickly in States Cutting Off Benefits (Wall Street Street)
  7. Latest ‘Fast & Furious’ Movie Leads Weekend Box Office (Wall Street Journal)
  8. During Covid-19, Most Americans Got Richer (Wall Street Journal)
  9. U.S. Conducts Airstrikes in Syria and Iraq Against Iranian-Backed Militias (Wall Street Journal)
  10. ‘Drill, Baby, Drill’ Is the Future (Wall Street Journal)
  11. ‘If Content is King in Streaming, Netflix (NFLX) Still Wears The Crown’: Credit Suisse Upgrades to ‘Outperform’ (Street Insider)
  12. Fed’s Kashkari says inflation will be temporary, workers will return (Street Insider)
  13. Goldman Sachs Has 5 Red-Hot Natural Gas and LNG Stocks To Buy Now (24/7 Wall Street)
  14. US shale patch resists temptation for new drilling rush (Financial Times)
  15. Gene Editing Data Look Good for Intellia. How It Made History. (Barron’s)

Be in the know. 16 key reads for Sunday…

Source: Bloomberg

  1. Liver Study Results Show How Crispr Could Transform Treatment (Bloomberg)
  2. CRISPR injected into the blood treats a genetic disease for first time (sciencemag)
  3. Joe Moglia on Going From Football to Wall Street (Podcast) (Bloomberg)
  4. Dumb Money No More: How David Ellison Became a Hollywood High Flier (New YorkTimes)
  5. NASDAQ’s Mid-Year Rally Begins Early (Almanac Trader)
  6. The ‘Great Reshuffling’ Is Shifting Wealth to the Exurbs (Wall Street Journal)
  7. Remote Learning Threatens the $670 Billion College-Industrial Complex (Wall Street Journal)
  8. Billionaire Leon Cooperman is Crazy About these 10 Stocks (Insider Monkey)
  9. These Are Ten Stocks With Largest Number Of Hedge Fund Buyers (ValueWalk)
  10. ECRI Weekly Leading Index Update (Advisor Perspectives)
  11. ‘The Market Is Red Hot’: Flying Privately Is Reaching Record Highs as Personal Travel Surges (Robb Report)
  12. Here’s What’s in the Six Antitrust Bills That Could Finally Break Up Big Tech (gizmodo)
  13. The Precautionary Principle: Better Safe than Sorry? (Farnam Street)
  14. Hyun Song Shin on CBDCs and the Future of Central Banking (Bloomberg)
  15. The Global IPO Market Has Never Been Hotter Than It Is Right Now (Bloomberg)
  16. Iran says nuclear site images won’t be given to IAEA as deal has expired (CNBC)

Be in the know. 20 key reads for Saturday…

  1. NextEra Is the Country’s Biggest Electric Utility—and a Leader in Renewables (Barron’s)
  2. Inner Game with Steven Cohen (Stray Reflections)
  3. Feds accelerating crypto world crackdown (Fox Business)
  4. OPEC+ Expected to Boost Oil Production Next Week (Barron’s)
  5. The Banks Passed Stress Tests. Now They Get to Announce Payouts. (Barron’s)
  6. Pfizer Developed a Vaccine in Less Than a Year. There’s More to Come. (Barron’s)
  7. Larry Culp Is Building a Leaner, Meaner, More Profitable GE (Barron’s)
  8. Jamie Dimon on JPMorgan Chase: ‘There Isn’t a Single Area Where We Can’t Grow.’ (Barron’s)
  9. Larry Fink Made BlackRock a Powerhouse. Why He’s Bullish on China. (Barron’s)
  10. Progressive’s CEO Has Grown the Auto Insurer. Warren Buffett Approves. (Barron’s)
  11. Brian Moynihan Has Run Bank of America Conservatively. Shareholders Have Prospered.(Barron’s)
  12. Lightning return to Stanley Cup Final with Game 7 win vs. Islanders (USA Today)
  13. Two Energy Stocks See Large Insider Share Buys (Barron’s)
  14. 3 Reasons Nike Stock Is Soaring After Earnings (Barron’s)
  15. Our Top CEOs: Meet 30 Leaders Who Turned Crisis Into Opportunity (Barron’s)
  16. General Dynamics CEO Phebe Novakovic Believes in Patriotism and Resilience (Wall Street Journal)
  17. Haters Everywhere in Stock Market After S&P 500’s Big First Half (Bloomberg)
  18. Consumer Spending Is Primed to Fuel Summer Growth (Wall Street Journal)
  19. 2021 Tesla Model S Plaid: Feel the Force—0-60 in 2 Seconds (Wall Street Journal)
  20. Why Wall Street loves Joe Manchin right now (CNN)

Unusual Options Activity – Alibaba Group Holding Limited (BABA)

Data Source: barchart

Today some institution/fund purchased 1,712 contracts of June 2022 $410 strike calls (or the right to buy 171,200 shares of Alibaba Group Holding Limited (BABA) at $410).   The open interest was 857 prior to this purchase. Continue reading “Unusual Options Activity – Alibaba Group Holding Limited (BABA)”

Be in the know. 40 key reads for Friday…

  1. Ant Is Addressing Regulators’ Demands. What Proposed Changes Could Mean for China’s Big Tech Valuations. (Barron’s)
  2. This Biotech Is Editing Genes Inside the Body. What It Means for the Stock. (Barron’s)
  3. Nearly 3.4M workers remain on jobless benefits despite drop in weekly claims (New York Post )
  4. Nike Earnings Beat Expectations. Why Its Stock Is Jumping. (Barron’s)
  5. Banks Pass the Fed’s Stress Tests. It’s Buyback Time. (Barron’s)
  6. Citigroup: From Laggard to Leader? (Barron’s)
  7. Biden Says an Infrastructure Deal Has Been Reached. Here’s What It Means for Stocks. (Barron’s)
  8. Will Fed tapering concerns derail the rising stock market? ‘Investors should look past it,’ says one strategist. (MarketWatch)
  9. 5 Things We Learned From This Week’s Big SPAC Conference (Barron’s)
  10. Merrill Lynch’s Raj Bhatia: ‘One Face-to-Face Meeting Is Worth More Than 100 Emails’ (Barron’s)
  11. Your NFT Sold for $69 Million—Now What? Beeple Turns to a New Project, and Old Masters. (Wall Street Journal)
  12. Didi Sets Valuation Target of $62 Billion to $67 Billion in IPO (Wall Street Journal)
  13. The Economic Recovery Is Here. It’s Unlike Anything You’ve Seen. (Wall Street Journal)
  14. 4,368 Episodes Later, Conan O’Brien’s Late-Night Run Ends (Wall Street Journal)
  15. Fed’s Williams Says More Progress Needed Before Rate-Hike Shift (Wall Street Journal)
  16. Eli Lilly to Seek FDA Approval for Alzheimer’s Drug (Wall Street Journal)
  17. ‘F9: The Fast Saga’ Review: Furiouser and Curiouser (Wall Street Journal)
  18. FedEx to Ramp Up Spending to Ease Delivery Delays (Wall Street Journal)
  19. Hospital Stocks’ Rally Points to Post-Covid Growth (Wall Street Journal)
  20. Fed Gives Big Banks Clean Bill of Health in Latest Stress Test (Wall Street Journal)
  21. Bond Anomalies Have Been Around Since Napoleon (Bloomberg)
  22. Wall Street Binges on Volatility Hedges as Stocks Hit Records (Bloomberg)
  23. Apple’s Car Obsession Is All About Taking Eyes Off the Road (Bloomberg)
  24. Iran Misses Deadline to Renew Nuclear Monitoring Pact With IAEA (Bloomberg)
  25. Virgin Galactic jumps 12% after getting the green light from the FAA to fly passengers to space (CNBC)
  26. Cramer’s lightning round: ‘I want to buy the stock of Verizon’ (CNBC)
  27. Elon Musk says he will debate Jack Dorsey about bitcoin, after criticizing the token’s energy use (Business Insider)
  28. These 30 stocks are the best dividend income growers among the S&P 500 (MarketWatch)
  29. U.S. consumer spending takes a breather in May (Reuters)
  30. Roche’s arthritis drug gets authorized as COVID-19 treatment for the severely ill (MarketWatch)
  31. Netflix upgraded to Outperform from Neutral at Credit Suisse (TheFly)
  32. Natgas Futures Hit 29-Month High Amid Heat Wave (ZeroHedge)
  33. All 23 US Banks Easily Pass Fed’s Stress Test, Setting Stage For Billions In Buybacks (ZeroHedge)
  34. Paris Air Show Reveals Increasing Demand for Boeing (BA) MAX and China Recert Likely in 3Q – Morgan Stanley (StreetInsider)
  35. Eli Lilly (LLY) Surges After Getting Breakthrough Therapy Designation From FDA, Analyst Raises PT and Sees Approval Chance at 90%, Biogen (BIIB) Plunges (Street Insider)
  36. Hershey Foods’ (HSY) Jet Spotted in Buffett’s Backyard – Analyst (StreetInsider)
  37. Jefferies Says Jump On the Weakness in Three Top Gaming Stocks and Buy Now (24/7 Wall Street)
  38. Here’s why Boeing’s stock will soar (Yahoo! Finance)
  39. Hedge funds rethink tactics after $12bn hit from meme stock army (FinancialTimes)