Be in the know. 13 key reads for Saturday…

  1. Hedge Funds Are Record Short Natural Gas on Mild Winter Outlook (bloomberg)
  2. Qatar deal to buy U.S. natural gas shows how Iran war has redrawn global energy markets (cnbc)
  3. Starlink Is Years Away From Competing With AT&T and Verizon, Citi Says—but It Might Move Faster (barrons)
  4. SpaceX wants to be America’s fourth phone carrier — tower owners are cashing in (yahoo)
  5. LianLian Taps PayPal and Venmo to Speed Up Cross-Border Payouts (pymnts)
  6. Piper Sandler raises Estee Lauder stock price target on innovation (investing)
  7. Investors piled a record sum into a leveraged semiconductor ETF last week. Things didn’t work out. (marketwatch)
  8. Historic Degrossing: Hedge Funds Dump Most Tech Stock Since Sept 2024 (zerohedge)
  9. Data center spending to more than double to $2.1 trillion by 2028, BofA says (reuters)
  10. Moonshot Debuts First AI Upgrade Since Its Own DeepSeek Moment (bloomberg)
  11. Boeing supplier dispute has halted 777 freighter production for two months, sources say (reuters)
  12. Allegiant exercises options for six Boeing 737 MAX jets worth over $720 million (reuters)
  13. Consumer Sentiment Declined Slightly in October (wsj)

Hedge Fund Tips with Tom Hayes – VideoCast – Episode 366

Article referenced in VideoCast above:

“The Sky Isn’t Falling” Stock Market (and Sentiment Results)…

Key Takeaways – Episode 366

A detailed summary of this week’s videocast with Tom Hayes, covering the portfolio walkthrough, stock ideas, positioning, and market sentiment.

Executive summary

Semiconductors and memory snapped an eight-session losing streak, their longest since 2010, with the sell side rushing to defend the group (JPMorgan upgraded Intel with an $85 target, below the stock’s market price; Goldman upgraded CoreWeave). Tom treated the bounce as a normal, historically typical reflex rather than a reason to chase: all six prior eight-day losing streaks in the semiconductor index were followed by a bounce in the next two sessions, but CoreWeave’s credit-default-swap spread near 1,100 basis points, a Gartner estimate that 80% of Neocloud providers won’t survive past 2030, and China’s CXMT guiding sequential memory-price growth down from 95% to 15% all point to the same credit and demand questions that triggered the selloff in the first place.

Continue reading “Hedge Fund Tips with Tom Hayes – VideoCast – Episode 366”

Hedge Fund Tips with Tom Hayes – Podcast – Episode 366

Article referenced in Podcast above:

“The Sky Isn’t Falling” Stock Market (and Sentiment Results)…

Key Takeaways – Episode 366

A detailed summary of this week’s videocast with Tom Hayes, covering the portfolio walkthrough, stock ideas, positioning, and market sentiment.

Executive summary

Semiconductors and memory snapped an eight-session losing streak, their longest since 2010, with the sell side rushing to defend the group (JPMorgan upgraded Intel with an $85 target, below the stock’s market price; Goldman upgraded CoreWeave). Tom treated the bounce as a normal, historically typical reflex rather than a reason to chase: all six prior eight-day losing streaks in the semiconductor index were followed by a bounce in the next two sessions, but CoreWeave’s credit-default-swap spread near 1,100 basis points, a Gartner estimate that 80% of Neocloud providers won’t survive past 2030, and China’s CXMT guiding sequential memory-price growth down from 95% to 15% all point to the same credit and demand questions that triggered the selloff in the first place.

Continue reading “Hedge Fund Tips with Tom Hayes – Podcast – Episode 366”

Be in the know. 20 key reads for Friday…

  1. SpaceX in Talks to Access 80,000 Cell Sites for New Network (bloomberg)
  2. SpaceX in talks with Crown Castle to secure 80,000 US cell sites (streetinsider)
  3. SpaceX Mobile Wireless Ambition Sends Crown Castle Stock Soaring (barrons)
  4. Crown Castle Positions for Growth Ahead (insidetowers)
  5. SZA Launches First of Two Product Drops With Vans Since Becoming the Brand’s First-Ever Artistic Director (billboard)
  6. SZA Causes a Frenzy at Foot Locker in Freehold Mall in New Jersey for Her Vans Sneaker Release (wwd)
  7. Etsy bans AI-generated recipes and patterns from its online marketplace (cnbc)
  8. China Stocks Rebound as National Team ETF Buying Picks Up (bloomberg)
  9. Trump Signs Executive Order Aimed at Taming Housing Costs (bloomberg)
  10. Home Prices Are Starting to Fall in Some Pockets of the U.S. (nytimes)
  11. SLB tops estimates on resilient North America demand, sees Middle East rebound (reuters)
  12. L’Oreal Eyes Profit Rise This Year as Sales Keep Growing (wsj)
  13. Hormel Foods names Joe O’Connor to enterprise performance role (investing)
  14. Even Market Bull Ed Yardeni Sees Irrational Exuberance in Chip Stocks (barrons)
  15. Markets are pricing in long-term AI winners. This veteran investor says history proves customers win more than innovators. (marketwatch)
  16. Retail Traders Loaded Up on AI Spending Winners Before Selloff (bloomberg)
  17. Meta Credit Risk Gauge Surges to Record on AI Spending Plans (bloomberg)
  18. OpenAI trims valuation target to $1.25tn after pitching higher price (ft)
  19. Investors Snap Up Treasuries During Tech Rout, Driving the Yield Below 5% (barrons)
  20. BofA’s Hartnett Sees Risk-Off Mood Lasting Until Mid-November (bloomberg)