Be in the know. 25 key reads for Thursday…

  1. Here’s What The “Fed’s Hiking Cycle” Market Backstest Shows (zerohedge)
  2. After a dazzling 2021 performance, here’s what contrarian investors are predicting for 2022, says Citi (marketwatch)
  3. Senate sends $768B defense policy bill to Biden The upper chamber voted 89-10 to pass the National Defense Authorization Act. (politico)
  4. Alibaba, Tencent and Chinese tech stocks are good values with policy conditions priced in, Lombard Odier says (scmp)
  5. China’s Bubble Bursting Has Wall Street Eyeing a 2022 Rally (bloomberg)
  6. China’s Bad Economic News Has a Bright Side for Investors (barrons)
  7. Art Cashin sees inflation peaking soon and other surprises for the market in 2022 (cnbc)
  8. Democrats are unlikely to pass Biden’s social spending plan this year — here’s what it means (cnbc)
  9. Omicron symptoms could seem like a cold (cnbc)
  10. Delta Air Lines forecasts pretax quarterly profit as travel demand, fares increase (cnbc)
  11. European Central Bank leaves interest rates unchanged, cuts bond buying further (cnbc)
  12. Intel to Invest $7 Billion in New Malaysian Plant to Help Solve Global Chip Shortages (barrons)
  13. Novartis to Spend Bulk of Roche Windfall on Buying Back Stock, Not M&A (barrons)
  14. 4 Healthcare Stocks That Wall Street Analysts Love (barrons)
  15. Boeing Loses Qantas Business to Airbus, but There Is Good News, Too (barrons)
  16. Why Jerome Powell Pivoted on Inflation (nytimes)
  17. Fed Doubles Taper, Signals Three 2022 Hikes in Inflation Pivot (bloomberg)
  18. Intel’s Mobileye Takes On Parisian Traffic in Test of Driverless Cars (bloomberg)
  19. ‘Sell Your Hedge and Move On’: Anxious Stocks Surge After Powell (bloomberg)
  20. Campbell Is Getting Warmer (wsj)
  21. AT&T Stock Jumps On Morgan Stanley Upgrade to ‘Overweight’ Amid Discovery Media Merger (yahoo)
  22. Opinion: The last time the S&P 500’s earnings yield lagged inflation this much, Harry Truman was president. (marketwatch)
  23. S. Healthcare Spending Rose Nearly 10% in 2020, Report Finds (wsj)
  24. China’s Covid-19 Lockdowns Starting to Sting (wsj)
  25. In a Bad Year for Biotech Stocks, Deals and Vaccines Were Winners (wsj)

Autopilot “Disabled” Stock Market (and Sentiment Results)…

Chairman Powell did a fine job threading the needle at his press conference following the FOMC announcement.  He achieved this feat by signaling FLEXIBILITY in his press conference,  “The Fed is prepared to adjust the pace of purchases if warranted by changes in the economic outlook.”
Continue reading “Autopilot “Disabled” Stock Market (and Sentiment Results)…”

Be in the know. 30 key reads for Wednesday…

  1. Pfizer Says Its Covid-19 Pill Likely Works Against Omicron (wsj)
  2. China adds new incentives for banks to lend to small businesses (reuters)
  3. Investors Are Most Bullish on Dollar Since 2015, BofA Says (bloomberg)
  4. Campbell Is Getting Warmer (wsj)
  5. Central Bankers Are the Biggest Risk to Stocks in 2022, Survey Finds (bloomberg)
  6. Even when the Fed starts hiking rates, stocks could keep rising for 10 months, according to Deutsche Bank (fortune)
  7. The “New Energy Economy”: An Exercise in Magical Thinking (manhattan-institute)
  8. Here’s Why Stocks Are 80% Likely To Jump Again Next Year (investors)
  9. 5 Stocks to Hide Out in During Fed-Related Volatility (barrons)
  10. Why Wall Street Isn’t Freaking Out Over Omicron (barrons)
  11. China’s Factories Keep Running as Domestic Economy Slows Down (barrons)
  12. Nike Is Entering the Metaverse. What’s Ahead for Investors. (barrons)
  13. China’s Anti-Monopoly Crackdown Is Just an Excuse (barrons)
  14. Millennials Are Supercharging the Housing Market (wsj)
  15. Sears, Struggling to Sell Goods, Markets a Valuable Asset: Real Estate (nytimes)
  16. Cash Glut in Eurozone Drives Dollar Demand (wsj)
  17. China’s Economy Needs More Help (wsj)
  18. How Is Omicron Affecting Air Travel? (wsj)
  19. Boeing on Track to Double Aircraft Deliveries in 2021 (barrons)
  20. Boeing (BA) November Orders/Deliveries ‘Somewhat Encouraging’ but Still Lagging Airbus – Cowen (streetinsider)
  21. Disney (DIS) Stock Selling Overdone Says Morgan Stanley and Sees Over 20% Upside (streetinsider)
  22. S. Retail Sales Climbed by Less Than Forecast in November (bloomberg)
  23. The Big Read. Elon Musk: Interview with FT’s Person of the year (ft)
  24. Investors pour billions of dollars into inflation-linked assets (ft)
  25. US to extend China blacklist by 8 more companies (foxbusiness)
  26. Trader Bet $65 Million in Options on Stock Rebound Into Holiday (bloomberg)
  27. China’s Economic Slump Fuels Calls for More Stimulus (bloomberg)
  28. Sinovac Study Spurs Bets on Further China Policy Easing (bloomberg)
  29. China’s Surging Currency Is a False Signal (bloomberg)
  30. The Pro-Immigrant Case Against Noncitizen Voting (Michael Bloomberg)

Unusual Options Activity – Teva Pharmaceutical Industries Limited (TEVA)

Data Source: barchart

Today some institution/fund purchased 12,780 contracts of June $14 strike calls (or the right to buy 1,278,000 shares of Teva Pharmaceutical Industries Limited (TEVA) at $14). The open interest was 8,454 prior to this purchase. Continue reading “Unusual Options Activity – Teva Pharmaceutical Industries Limited (TEVA)”