>>> Weekend Reading Summary

Weekend Reading Summary

Macro Related

  • BoE plans to tighten bank liquidity buffers before any Brexit (EWU). FT Report
  • President Trump is not informing European allies of progress of China trade talks (FXI, VGK). WSJ Report
  • PBOC Governor says consensus has been reached on many key issues in China trade talks (FXI). Bloomberg Report
  • China is resisting presidential summit until two sides have deal in place. China is concerned that President Trump will walk away from talks at summit if firm deal is not in place (FXI). WSJ Report
  • In interview, Larry Kudlow repeats that China trade talks are making progress. He expects 3% GDP growth in 2019. Also, he spoke about upcoming White House budget which will call for cuts in discretionary programs, increase in defense spending, and $8.6 bln in more spending for the border wall (Note: This budget would have to get approved by Congress, so changes will be made — LMT, NOC, LLL, GD, BA, FXI, SPY). Fox News Interview

Stock Specific

  • Positive view on Delta (DAL). Barron's Report
  • Positive views on RIG, ESV, DO, FMC, FTI, SLB, RDC. Barron's Report
  • Positive view on NFLX while cautious view on AAPL. Barron's Report
  • Positive view on Cott (COT). Barron's Report
  • Positive views on LEN, LGIH, WLH while cautious on TOL, PHM, KBH, MDC. Barron's Report
  • Cautious view on Dollar Tree (DLTR). Barron's Report
  • Positive view on Intel (INTC). Barron's Report
  • Positive view on Microsoft (MSFT). Barron's Report
  • Tesla (TSLA) has put a temporary freeze on store closures. Electrek Report
  • A White House run from Howard Schultz could cause risks for Starbucks (SBUX). NY Times Report
  • Deutsche Bank (DB) Board has agreed to start talks with Commerzbank (CRZBY). Reuters Report
  • Nvidia (NVDA) planning to bid for Mellanox (MLNX) for $7 bln; deal could be announced Monday (INTC). Reuters Report
  • Care.com (CRCM) members are responsible for background checks. WSJ Report
  • President Trump will soon sign executive orders on education and drug pricing (IBB). Axios Report
  • Rep David Cicilline (D-RI) wants to investigate DoJ investigation of AT&T (T) / Time Warner M&A deal. CNN Interview