Weekend Reading Summary
Macro Related:
- A US destroyer and several commercial ships were attacked in the Red Sea (USO, XLE). WSJ
- Supreme Court will hear case this week that could make wealth taxes unconstitutional. FT
- China borrowers are defaulting in record numbers (FXI). FT
- Israel increased attacks on southern Gaza (EIS). WSJ
Stock Specific:
- Positive views on SMCI and VRT. Barron's
- Positive views on CRL & LH. Barron's
- Positive view on RPM International (RPM). Barron's
- Positive view on Newmont (NEM). Barron's
- Positive views on CCI, AMT, SBAC. Barron's
- Positive views on HPE, CSCO, TXN, ON, NXPI, TSEM, INTC, GLW, OKTA, CIEN, IBM. Barron's
- Shortage of air traffic controllers are leading to dangerous mistakes (JETS, UAL, AAL, DAL, LUV, SAVE, HA). NY Times
- Supreme Court will hear case on if Perdue Pharmaceuticals' bankruptcy protects it against civil lawsuits from opioid crisis. The case could have implications for other companies who use bankruptcy system to shield from lawsuits (JNJ, MCK, CAH, ENDPQ, ABBV). NY Times
- Boeing (BA) eliminated from Air Force One Doomsday plane competition. Reuters
- UBS (UBS) aiming to expand in US markets. Reuters
- Toyota (TM) halts some production in its Tianjin venture. Reuters
- Cryptocurrency execs say Bitcoin could reach 100K next year (BITO, BTC, MSTR, COIN, HOOD). CNBC