Be in the know. 20 key reads for Thursday…

  1. Xpeng Reports Booming Sales, Sees Strong Deliveries As Exports Ramp Up (Investor’s Business Daily)
  2. China’s after-school crackdown wipes out many jobs overnight. Hundreds of thousands of jobs at stake (CNBC)
  3. Cigna Expands Obamacare Footprint in Latest Lift for Health Law (Bloomberg)
  4. Taper, Delta, Inflation, and Powell’s Tough Task. What to Expect From Jackson Hole (Barron’s)
  5. SEC Chief to Chinese Companies: Open Your Books or Be Delisted (Barron’s)
  6. Banks Are Buying Back Stock Again. Why Investors Should Care. ()Banks Are Buying Back Stock Again. Why Investors Should Care. (Barron’s)
  7. Economic Expectations Are Too Gloomy. What That Means for Stocks. (Barron’s)
  8. Oil Prices Are Swinging Higher. Why the Rally Could Continue. (Barron’s)
  9. It’s been the wrong year to sell in May and go away. The bull market seems ‘unstoppable,’ experts say (MarketWatch)
  10. Taliban Takeover Is a Boon for Cash-Strapped Iran (Wall Street Journal)
  11. Bruised Chinese Internet Companies Try to Win Over Beijing and Investors (Wall Street Journal)
  12. Fed’s George Says Time to Get Taper Started, Despite Delta Risk (Bloomberg)
  13. China’s Communist Party Vows to Both Grow and Share Economic Pie (Bloomberg)
  14. Razer is considering a secondary listing in the U.S. (CNBC)
  15. “Fed Should Get Going” – Stocks Stumble As Fed’s Bullard Says Taper Should Be Over By Q1 2022 (ZeroHedge)
  16. Exclusive-JOYY’s top shareholders plan take-private deal, value firm at up to $8 billion -sources (StreetInsider)
  17. Splunk (SPLK) Beats Earnings Estimates, ‘Strong’ Quarter Prompts Analysts to Raise PTs (StreetInsider)
  18. Goldman Sachs Says Buy These 4 Top Oil Stocks With Huge 2022 Upside Potential (24/7 Wall Street)
  19. China says maintaining ‘normal communication’ with U.S. on trade (Reuters)
  20. US investors cut leverage for first time since start of pandemic (Financial Times)

Unusual Options Activity – Activision Blizzard, Inc. (ATVI)

Data Source: barchart

Today some institution/fund purchased 11,336 contracts of Feb $90 strike calls (or the right to buy 1,133,600 shares of Activision Blizzard, Inc. (ATVI) at $90).   The open interest was just 802 prior to this purchase. Continue reading “Unusual Options Activity – Activision Blizzard, Inc. (ATVI)”

Be in the know. 20 key reads for Wednesday…

  1. Apollo seeks $500 million fund to invest in SPACs -sources (Reuters)
  2. Wall Street, China to Revive Talks in Hunt for Common Ground (Bloomberg)
  3. The S&P 500 Has Been Soaring. These 10 Stocks Are Still Cheap. (Barron’s)
  4. There Are Tentative Signs the Out-of-Control Housing Market Is Healing (Barron’s)
  5. Try SPACs as an ‘Option on Exuberance,’ Says Hedge-Fund Investor Boaz Weinstein (Barron’s)
  6. Sarepta Stock Is Down 57% This Year. Why the Biotech Could Make a Comeback. (Barron’s)
  7. Future Returns: Finding Value in Asian Emerging Markets (Barron’s)
  8. China Reopens World’s Third Busiest Port. What This Means for Trade. (Barron’s)
  9. How Coinbase Stock Can Rise Even Without a Bitcoin Boost (Barron’s)
  10. J&J Says Covid-19 Booster Prompts Strong Immune Response (Wall Street Journal)
  11. Chinese Factories ‘Can Hardly Find Any Workers’ (Wall Street Journal)
  12. SEC Chief Warns ‘Clock Is Ticking’ on Delisting Chinese Stocks (Bloomberg)
  13. Cathie Wood Is More Optimistic Than Pessimistic About China (Bloomberg)
  14. China Economists Say ‘Common Prosperity’ Won’t Rob the Rich (Bloomberg)
  15. Pharma’s Appetite for Biotech Deals Bodes Well (Wall Street Journal)
  16. S&P 500 targets are rising left and right (Yahoo! Finance)
  17. Bankers continue to talk up ViacomCBS sale but say there’s no obvious buyer right now: Gasparino (Fox Business)
  18. Sam Zell Partners With Toll on $1.9 Billion Apartment Deal (Yahoo! Finance)
  19. Powell unlikely to give tapering roadmap for investors at Jackson Hole meeting (Fox Business)
  20. House Democrats advance $3.5tn spending package (Financial Times)