Hedge Fund Tips

Tom Hayes – Quoted in Reuters article – 10/1/2021

Thanks to Devik Jain and Ambar Warrick for including me in their article on Reuters today. You can find it here:

Data Source: Finviz

Merck Says Covid Drug Cut Hospitalization, Deaths by Half (Bloomberg)
Evergrande bonds are being scooped up by bargain-hunting funds on bets China can ward off a messy collapse, reports say (Business Insider)
Exxon Sees up to $1.5 Billion Third-Quarter Earnings Boost From Gas and Oil Rally (Barron’s)
Merck to seek emergency US approval of oral COVID treatment (New York Post)
Try These Dividend Stocks for Some Inflation Protection (Barron’s)
Will the Supply-Chain Crisis Wreck the Holidays? What Investors—and Shoppers—Need to Know. (Barron’s)
NIO, Li Auto Report Great Deliveries. What Chip Shortage? (Barron’s)
Cigna, Humana, UnitedHealth to expand into new Medicare Advantage markets in 2022 (marketwatch)
Coty to sell 9% stake in Wella to majority owner KKR (Reuters)
4 reasons why Dollar Tree is raising prices above $1 but below $3 and why the stock has 30% upside ahead, according to JPMorgan (Business Insider)

The “Top Down, Bottom Up” Stock Market (and Sentiment Results)…

The “Top Down, Bottom Up” Stock Market (and Sentiment Results)…

Data Source: barchart

Today some institution/fund purchased 7,454 contracts of Nov $150 strike calls (or the right to buy 745,400 shares of Alibaba Group Holding Limited (BABA) at $150). The open interest was 5,770 prior to this purchase. Continue reading “Unusual Options Activity – Alibaba Group Holding Limited (BABA)”

Data Source: Finviz

Pending Home Sales Unexpectedly Surged. What It Means for the Market. (Barron’s)
Merck: Covid-19 Pill Looks Good Against Variants (Barron’s)
China’s Factory Activity Shocker Is Another Sign That Its Problems Aren’t Over Yet (Barron’s)
China’s Next Bull Market Is Coming. How to Prepare. (Barron’s)
S. and Chinese Regulators Are in a Bind Over a Three-Letter Acronym (Wall Street Journal)
Virgin Galactic shares surge after FAA clears it for launch, ends probe (New York Post)
Musk says he’ll send Bezos a ‘silver medal’ after passing him in wealth (New York Post)
Hedge fund Elliott builds stake in Toshiba – FT (Reuters)
Rosenblatt Upgrades Fox Corporation (FOXA) to Buy On a Likely Favorable FanDuel Outcome (streetinsider)
KeyBanc Outlines Activision Blizzard (ATVI) and Electronic Arts (EA) as Video Game Favorites, Analyst Sees Buying Opportunities and Attractive Valuations (streetinsider)
Facebook, Alphabet and Twitter are among the worst internet stocks for investors right now. These are the best, says Citi. (MarketWatch)

I was asked to write an article by the CMT Association on how we use charts in our investment selection process. The answer is, we spend 80% of our time on fundamental analysis and 20% on using technical barometers to assist with entry and exit timing. Continue reading “The “Top Down, Bottom Up” Stock Market (and Sentiment Results)…”

Data Source: barchart

Today some institution/fund purchased 4,320 contracts of Jan $40 strike calls (or the right to buy 432,000 shares of Bristol-Myers Squibb Company (BMY) at $40). The open interest was just 480 prior to this purchase. Continue reading “Unusual Options Activity – Bristol-Myers Squibb Company (BMY)”