Unusual Options Activity – Petróleo Brasileiro S.A. – Petrobras (PBR)

Data Source: barchart

Today some institution/fund purchased 10,023 contracts of Jan 2023 $20 strike calls (or the right to buy 1,002,300 shares of Petróleo Brasileiro S.A. – Petrobras (PBR) at $20). The open interest was 7,114 prior to this purchase. Continue reading “Unusual Options Activity – Petróleo Brasileiro S.A. – Petrobras (PBR)”

Be in the know. 10 key reads for Tuesday…

  1. JPMorgan Chief Strategist Says Markets May Be at Long-Term Turning Point (Bloomberg)
  2. Citigroup’s Path Forward Is as Important to Wall Street as the Numbers (Barron’s)
  3. Big banks can maintain revenue boom for years with $400bn transaction banking push (fnlondon)
  4. The Used Car Bubble: How Sky-High Pricing Is Good for Stocks (Barron’s)
  5. Signs of Spring. The Energy Report 04/13/2021 (Phil Flynn)
  6. Majority of CEOs say Biden tax hikes will harm business, slow wage growth: poll (New York Post)
  7. U.S. Consumer Prices Increased in March by Most Since 2012 (Bloomberg)
  8. ‘Fear of Missing Out’ Will Drive Workers Back Into the Office (Bloomberg)
  9. Don’t ‘overinterpret’ decision to pause J&J vaccine, Dr. Scott Gottlieb says (CNBC)
  10. Consumer prices rise more than expected, pushed by 9.1% jump in gasoline (CNBC)
  11. Oil Majors Face Tough Choices Even With Higher Prices (Wall Street Journal)
  12. Banks Might Get Partial Immunity to Tax Increases (Wall Street Journal)
  13. Hedge Fund Managers Are Feeling Confident (institutionalinvestor)
  14. Here’s where investors see a market bubble — and it isn’t stocks, says Bank of America (MarketWatch)
  15. These stocks are cheap when you factor in how much their sales are expected to rise (MarketWatch)
  16. Fed’s Bullard says inflation risks won’t be clear until later this year (MarketWatch)
  17. US STOCKS-S&P 500 set for muted open on strong inflation (Reuters)

Be in the know. 12 key reads for Monday…

  1. ‘Don’t fight the Fed,’ Goldman says. These stocks can benefit from higher inflation. (MarketWatch)
  2. Red-Hot Banks Report Earnings This Week: 4 Stocks to Buy Before They Do (247wallst)
  3. BABA Stock Jumps After Record Alibaba Fine (Investor’s Business Daily)
  4. Powell Says It Will Be ‘a While’ Before Fed Lifts Rates (MarketWatch)
  5. Regeneron’s Covid-19 Antibody Protects Household Contacts From Infection (Barron’s)
  6. GE Gets a New Top Target Price From Wall Street (Barron’s)
  7. Fed Chair Jerome Powell says economy ‘to start growing much more quickly’ (New York Post)
  8. With Economy Poised for Best Growth Since 1983, Inflation Lurks (Wal Street Journal)
  9. Sizzling Stock Market Sets High Bar for Earnings Season (Wall Street Journal)
  10. Defaults Fall Again, Aiding Rally in Low-Rated Debt (Wall Street Journal)
  11. Simple Math Is About to Cause a U.S. Inflation Problem (Bloomberg)
  12. Nobel Economist Warns Against Wealth Tax to Pay for Pandemic (Bloomberg)

Be in the know. 10 key reads for Sunday…

  1. How Trader Jeff Yass Parlayed Poker And Horse Race Handicapping Into A $12 Billion Fortune (Forbes)
  2. 5 Sizzling Energy Stocks to Buy Trading Under $10 With Oil Near $60 (247wallst)
  3. Kim Kardashian’s Billion-Dollar Brand Defies the Pandemic (New York Times)
  4. Typical April Trading: Strength from Start to Finish (Almanac Trader)
  5. The Economy Is Recovering: How to Invest When Everything Is Expensive (Wall Street Journal)
  6. Our Top Government Officials May Soon Fly in This Plush Supersonic Jet (Robb Report)
  7. Take A Tour Inside One Of The World’s Most Expensive Homes, And, Well, It’s Outrageous (digg)
  8. Central banks are rushing to build digital currencies. What are they, and what do they mean for you? (moneyweek)
  9. The State of U.S. Infrastructure (CFR)
  10. The Ultimate Deliberate Practice Guide: How to Be the Best (Farnam Street)

Be in the know. 20 key reads for Saturday…

  1. Watch the highlights from CNBC’s Pro Talk with Oakmark’s Bill Nygren (Banks & Energy) (CNBC)
  2. 33 Undervalued Stocks for the Second Quarter (Morningstar)
  3. San Francisco Fed’s Mary Daly Says the Economy Will Rebound Sharply by the Fall (Barron’s)
  4. Wall Street comes to grips with a Fed that will do what it says (MarketWatch)
  5. Stock-Market Investing Is Picking Up. Baby Boomers Might Be Behind It. (Barron’s)
  6. Getting Women Back into the Workforce Is a Priority of the Fed. Here’s Why. (Barron’s)
  7. Value Stocks Are Ready to Win Again, if the Fed Behaves (Barron’s)
  8. Musk’s Las Vegas Tunnel Is Like a Tesla Amusement Park Ride (Bloomberg)
  9. Nancy Reagan and the Power of Intimacy (Wall Street Journal)
  10. Wall Street investors look warily at gathering tax ‘storm’ (Financial Times)
  11. Why ‘Peak Oil’ Won’t Mean the End of Drilling (Bloomberg)
  12. The broader stock market is not in a bubble, but these 5 sectors are, according to JPMorgan (Business Insider)
  13. The economy is on the cusp of a major boom. Economists believe it could last (CNBC)
  14. Billionaire investor Peter Thiel called out Apple and Google, warned about TikTok and bitcoin, and criticized China at a recent event. Here are the 17 best quotes. (Business Insider)
  15. Earning season is about to get underway and that could be a positive catalyst for stocks (CNBC)
  16. Finances not so grim for millions of Americans a year after COVID (USA Today)
  17. Warren Buffett and Charlie Munger on Leverage (dividendgrowthinvestor)
  18. Drugmakers and Managed-Care Firms Are Poised for Growth (Morningstar)
  19. Q&A: Finding 100-Baggers (woodlockhousefamilycapital)
  20. JPM Annual Letter Jamie Dimon (jpmorganchase)

Be in the know. 18 key reads for Friday…

  1. Investors Shouldn’t Sweat the Defense Budget. Here’s Why. (Barron’s)
  2. Aerospace and Defense May Be the Best Offense for Q2: 5 Top Stocks to Buy Now (24/7wallst)
  3. U.S. PPI up 1% in March, with factory-level inflation rate registering 4.2% on a year-over-year basis (MarketWatch)
  4. Biotech Stocks Hit A Snag — Why Experts Say The Heyday Isn’t Over (IBD)
  5. Why It Might Be Time to Buy Brazil Stocks (Barron’s)
  6. Stocks Are Close to Bubble Territory Again—but Only by Some Measures (Barron’s)
  7. Safe haven plays still popular amid rotation into cyclical stocks, March fund flows show (MarketWatch)
  8. Stock-Market Investing Is Picking Up. Baby Boomers Might Be Behind It. (Barron’s)
  9. First-Time Investors Now Make Up 15% of Retail Market (Institutional Investor)
  10. How Equity Analysts Filled the Covid-19 ‘Information Void’ (Institutional Investor)
  11. New York City’s Wealthy Will Pay Nation’s Highest Tax Rates. How Will That Affect a Rebound? (Wall Street Journal)
  12. Dangerous Games. The Energy Report 04/09/2021 (Phil Flynn)
  13. Home Prices Soar in Frenzied U.S. Market Drained of Supply (Bloomberg)
  14. ‘Enjoy this ride’ — Wharton’s Jeremy Siegel says stock market could go up 30% before boom ends (CNBC)
  15. NIH recommends Lilly and Regeneron’s combination antibody treatments to people with mild and moderate COVID-19 (MarketWatch)
  16. General Electric (GE) PT Raised to $17 at UBS on Turnaround (Street Insider)
  17. 2 wild economic charts we’ll be watching closely: Morning Brief (Yahoo! Finance)
  18. Inflation might be the way out of the debt crisis (Financial Times)