Each week I attempt to pair the lyrics from a popular song to the current feeling and sentiment in the stock market. When you look at the data that has come out on the U.S. economy in recent days, one might suggest you need more than “Beer Goggles” to see the green shoots, you need “Whiskey Glasses!” Continue reading “The Morgan Wallen, “Whiskey Glasses” Stock Market (and Sentiment Results)…”
Tag: StockMarket
CGTN America Appearance on Tuesday (video)
Unusual Options Activity – Citigroup Inc. (C)
Data Source: barchart
Today some institution/fund purchased 4,230 contracts of Jan 2022 $75 strike calls (or the right to buy 423,000 shares of Citigroup Inc. (C) at $75). The open interest was just 1,987 prior to this purchase. Continue reading “Unusual Options Activity – Citigroup Inc. (C)”
Where is money flowing today?
Data Source: Finviz
Be in the know. 22 key reads for Wednesday…
- Weekly mortgage applications rise as rates drop to 30-year low, but it’s all refinances (CNBC)
- Could It Be Value Stocks’ Time to Shine? One Long-Skeptical Strategist Thinks So. (Barron’s)
- UnitedHealth beats quarterly profit on strength across its businesses (CNBC)
- Larry Kudlow’s War Bonds Are Coming But in a Plain Vanilla Wrapper (Bloomberg)
- China’s Data on Symptom-Free Cases Reveals Most Never Get Sick (Bloomberg)
- Pound May Turn Into Unlikely Winner From Europe’s Virus Troubles (Bloomberg)
- Tesla Wooed by $1 Billion Missouri Package for Cybertruck Plant (Bloomberg)
- Smartphone Makers Ordering Parts Like There’s No Pandemic (Bloomberg)
- Virus Sell-Off Turns Bonds Into ‘Fallen Angels.’ Here’s Why Downgrades Matter (Bloomberg)
- Why A 50% Drop in U.S. GDP May Not Be So Bad (Barron’s)
- Hedge Funds’ Top Holdings Are Beating the Market. They’re a Familiar Bunch. (Barron’s)
- Trump says close to plan to reopen economy possibly, in part, before May 1 (Street Insider)
- Saudi energy chief: Historic oil cuts more than double amount reported (Fox Business)
- Trump: At least 29 states ‘ready’ to reopen (Fox Business)
- Ray Dalio Said ‘Cash Is Trash.’ But Managers Are Hoarding It. (Institutional Investor)
- ByteDance looks to hire 10,000 thanks to TikTok boom (Financial Times)
- Saudi Arabia says price war was ‘unwelcome departure’ from oil policy (Financial Times)
- GlaxoSmithKline, Sanofi Announce Coronavirus Vaccine Program (Barron’s)
- Here’s How Much Of Delta Air Lines The Government Will Own After Rescue (Investor’s Business Daily)
- 3 reasons why Warren Buffett is so successful in bear markets (USA Today)
- When the Coronavirus Outbreak Could Peak in Each U.S. State (Bloomberg)
- Six Flags to offer up to $665 million of bonds to repay debt and fund operations (MarketWatch)
News 12 Appearance on Tuesday (video)
April Bank of America Global Fund Manager Survey Results (Summary)
Data Source: Bank of America
Each month, Bank of America conducts a survey of ~200 fund managers with ~$550B AUM. Here are the key takeaways from the survey published on April 14, 2020: Continue reading “April Bank of America Global Fund Manager Survey Results (Summary)”
Insider Buying in The Simply Good Foods Company (SMPL)
On April 13, 2020, Brian Ratzan – Director of The Simply Good Foods Company (SMPL) – purchased 15,000 shares of SMPL at $16. His out of pocket cost was $240,000.
Where is money flowing today?
Data Source: Finviz
Be in the know. 10 key reads for Tuesday…
- Ten U.S. states developing ‘reopening’ plans account for 38% of U.S. economy (Reuters)
- Signs That New Virus Cases Have Peaked Push Stocks Higher (Barron’s)
- IPhone Sales Surged in China (Barron’s)
- States Move to Coordinate on Reopening Plans (Wall Street Journal)
- Private Equity Firms Plead With Government to Help Salvage Oil and Gas Industry (Institutional Investor)
- FDA approves coronavirus saliva test (Fox Business)
- Trump Negotiating to Lease Oil Storage Space to Nine Companies (Bloomberg)
- World Watches China’s Economy for Signs of Life After Lockdown (Bloomberg)
- Exxon borrows $9.5 billion as investment-grade companies race to fill war chests ahead of earnings (MarketWatch)
- Wells Fargo Earned 1 Penny in the First Quarter. Why the Stock Is Rising Anyway. (MarketWatch)