Weekend Reading Summary
Macro Related:
- Chinese banks lowered lending rates (FXI). WSJ
- Secretary of State Antony Blinken met with Chinese President Xi to ensure that competitive relationship does not veer into a conflict. Mr. Xi praised both sides for making progress (FXI). NY Times
- China and Cuba are negotiating terms for joint military training facility in Cuba. WSJ
- Homeless numbers rising in several American cities. WSJ
Stock Specific:
- Positive views on UMG & WMG. Barron's
- Positive view on Adidas (ADDYY). Barron's
- Positive view on Oracle (ORCL). Barron's
- Positive view on KR, LEN, AMD. Barron's
- Stellantis (STLA) limits gasoline powered car sales in 14 states amid emission rules. Bloomberg
- Regulators are concerned about commercial real estate amid increasing vacancies (ESRT, VNO, SLG, BXP, ARE, CUZ, BDN, PDM). Bloomberg
- Alibaba (BABA) co founder Jack Ma made appearance at company event. Bloomberg
- GE Aerospace (GE) CEO Larry Culp says all options on table regarding A220 engine (EADSY). Reuters
- Tesla (TSLA) offers discounts on Model S and Model X. ElecTrek
- Google (GOOG) wants to move some Pixel production to India. Bloomberg
- AstraZeneca (AZN) planning to spin off China unit. FT
- Silicon Valley Bank (SIVB) customers in Asia might be on hook for loans. WSJ
- Adobe (ADBE) acquisition of Figma could face long EU investigation. FT
- UBS (UBS) will face hundreds of millions of dollars in penalties over Archegos Capital. FT
- Abu Dhabi's sovereign wealth fund in discussions to take Lazard (LAZ) private. FT