Hedge Fund Tips

Unusual Options Activity – Citigroup Inc. (C)

Data Source: barchart

Today some institution/fund purchased 1,600 contracts of Jan 2022 $25 strike calls (or the right to buy 160,000 shares of Citigroup Inc. (C) at $25). The open interest was just 428 prior to this purchase. Continue reading “Unusual Options Activity – Citigroup Inc. (C)”

Data Source: Finviz

Disclosure-Shy Warren Buffett Must Really Like Bank of America Stock (Barron’s)
Value Investors Believe Their Long Winter May Soon End (Bloomberg)
Meet the New Fed Policies, Same as the Old Ones (Barron’s)
Buy stock dips because the S&P 500 could ‘easily’ reach 3,500 next year, says Credit Suisse (MarketWatch)
5 Value Stocks In The Financial Services Sector (Yahoo! Finance)
J&J begins first human clinical trials of single-dose coronavirus vaccine (FoxBusiness)
CEOs Of Amazon, Apple, Facebook And Google Defend Companies During Congressional Antitrust Testimony (Benzinga)
Fed plans for ‘the worst’ as it waits for Congress to act (Financial Times)
FDA Nears Decision Authorizing Covid-19 Treatment With Convalescent Plasma (Wall Street Journal)
Coronavirus Shifts Pricing Power to UPS and FedEx, and They Are Using It (Wall Street Journal)

I chose Garth Brooks’ song, “Friends in Low Places” – for this week’s Stock Market theme – because I think that’s where the money is going to be made in the next six to eighteen months. Continue reading “The Garth Brooks, “Friends in Low Places” Stock Market (and Sentiment Results)…”

GE Rallies As Cash Burn Beats; CEO Sees Positive Flow In 2021 (Investor’s Business Daily)
3 Things to Watch at Today’s Fed Meeting (Barron’s)
The S&P 500 Is Positive 100 Days Before the Election. What History Says Could Happen Next. (Barron’s)
3 Oil Stocks With Healthy-Looking Dividends (Barron’s)
Why Europe’s top asset manager expects U.S. stocks to outperform — and one reason is stock buybacks (MarketWatch)
Oil boosted by data showing drop in U.S. crude inventories (MarketWatch)
Powell is expected to say the Fed will keep doing whatever it can while it considers its next move (CNBC)
Intel (INTC) CEO Swan Buys $400K in Stock Following Big Slide (StreetInsider)
Henry Blodget Was Banned From the Financial Industry. So He Built a Financial Media Empire. (Institutional Investor)
Merck Positioning to Take the Lead U.S. COVID-19 Antiviral Market from Remdesivir: EIDD-2801 (TrialSiteNews)
Herd Immunity Seems to Be Developing in Mumbai’s Poorest Areas (Bloomberg)
Golf’s Slow Pace Challenged by an Electric Bike That Caddies, Too (Bloomberg)
Warren Buffett’s Latest Stock Buy Adds To Bet On Main Street Economic Recovery (Investor’s Business Daily)
EU, Gilead Reach Deal on Supply of Antiviral Drug Remdesivir (Bloomberg)
Facebook Offers Money to Reel In TikTok Creators (Wall Street Journal)

Data Source: Finviz

Republican Stimulus Package May Come With a Benefit for Big Banks (New York Times)
Warren Buffett pumps another $400 million into Bank of America, boosting his stock purchases to $1.2 billion in 8 days. (Business Insider)
10 Cheap Stocks for Contrarians (Barron’s)
GOP Rolls Out $1 Trillion Stimulus to Start Talks With Democrats (Bloomberg)
The Dollar Is Dropping. What It Means for Stocks. (Barron’s)
Kodak Stock Is Up 175% Today. It Has Nothing to Do With Photography. (Barron’s)
Bill Gates says there could be a ‘substantial’ reduction in coronavirus death rate by end of 2020 (CNBC)
Coronavirus cases appear to slow in key hot spot states (CNBC)
Intel’s Fabs Aren’t Going Anywhere (Wall Street Journal)
How the Jeep Wrangler, Ford Bronco, and Land Rover Defender Stack Up (Bloomberg)