Michael Burry Loaded Up on Bank Stocks in Tumultuous Quarter and more | May 16, 2023

(Bloomberg) -- Famed short-seller Michael Burry loaded up on regional banks during the first...  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ Tuesday, May 16, 2023 = = [Yahoo Business](=) [Michael Burry Loaded Up on Bank Stocks in Tumultuous Quarter](=) (Bloomberg) -- Famed short-seller Michael Burry loaded up on regional banks during the first quarter, including First Republic before it was bought by JPMorgan Chase & Co. Most Read from BloombergTurkey Latest: Erdogan Says Unclear If Vote Will Go to RunoffTurkey Set for Runoff as Erdogan Falls Just Short of VictoryMichael Burry Doubles Alibaba... [Read More](=) [Yahoo Business]() [Market Update: MRO, FTV, LYFT]() Find the latest Lyft, Inc. (LYFT) stock forecast based on top analyst's estimates, plus more investing and trading data from Yahoo Finance [Read More]() [Yahoo Business](=) [Analyst Report: Shell Plc](=) Find the latest Royal Dutch Shell PLC (SHEL) stock forecast based on top analyst's estimates, plus more investing and trading data from Yahoo Finance [Read More](=) [Yahoo Business]() [These Stocks Are Moving the Most Today: Oneok, Magellan Midstream, Sarepta, Western Digital, SoFi, and More]() Oneok will be buying Magellan Midstream Partners in a cash-and-stock deal with a value of about $18.8 billion including debt, Sarepta stock surged after a FDA panel recommended approval of a gene therapy for muscular dystrophy, and SoFi stock was downgraded. [Read More]() [Yahoo Business]( [One Theory Why Oneok is the S&P 500's Worst Performer Today]( Traders are skeptical of pipeline operator Oneok's roughly $14 billion deal to buy smaller rival Magellan and create the second-largest U.S.-based midstream company by stock-market value.Why that might be: The [Read More]( [MarketWatch]() [Market Extra: Turkey ETF ends 8% lower as presidential election heads for runoff]() Turkey ETF tumbles on Monday as neither incumbent President Recep Tayyip Erdogan nor his rival Kemal Kilicdaroglu won more than 50% of votes by Monday. [Read More]() = [MarketWatch](=) [Market Snapshot: U.S. stocks get lift from banking shares as investors watch debt-ceiling talks](=) Stocks are mostly higher Monday afternoon as investors weigh cautious optimism on debt-ceiling talks. [Read More](=) = [MarketWatch](=) [In One Chart: Why stock-market bulls must beware of ‘bogus bear-market bottoms’](=) Here's a reminder that bear-market exits need to be taken with a grain of salt. [Read More](=) [MarketWatch]() [: Loeb’s Third Point buys up new stakes in Alibaba, AMD and Alphabet while dumping Disney’s stock]() Daniel Loeb's Third Point LLC took out new positions in Alphabet Inc., Alibaba Group Holding Ltd. and Advanced Micro Devices Inc. during the latest quarter. [Read More]() [The Wall Street Journal]( [Stocks Edge Higher With Debt-Ceiling Talks in Focus]( Recent muted trading action signals jitters among investors. The S&P 500 rose 0.3% and the Nasdaq added 0.7%. [Read More]( [The Wall Street Journal]() [Jump Trading Did Secret Deal to Prop Up TerraUSD Stablecoin, SEC Says]() The Chicago trading firm made $1 billion through its dealings with crypto mogul Do Kwon’s company, according to the Securities and Exchange Commission. [Read More]() [All Star Charts - JC Parets]() [CEOs Report Purchases of AAT, TSN, and HCAT Shares]() The largest insider transaction on today’s list is a Form 4 filing by Coliseum Capital Management LLC. The hedge fund reported a purchase worth roughly $3.4 million in ModivCare $MODV. The CEOs of American Assets Trust $AAT, Tyson Foods $TSN, and Health Catalyst $HCAT all filed Form 4s reporting purchases of their own stock. Here’s [Read More]() [All Star Charts - JC Parets]() [Swing Trader Pro: Afternoon Briefing (05-15-2023)]() From the Desk of Kimmy Sokoloff The market was full speed ahead today. And $SPY held on to the 410 support area once again… Here are today’s trades: I shorted $SNOW on May 10 at 173, 170, and 167.30 and covered on May 12 and today at 167.57 and 170.20. My target was 166.30. It [Read More]() [All Star Charts - JC Parets]( [Silver Breaks: Will Mining Stocks and Gold Follow?]( The caution flag is flying. Broad selling pressure is hitting the markets as gold, silver, and mining stocks slide. Will the Fed hike? Will it cut? Or will it finally pause? I have no idea, and nor does anyone else. But gold’s crazy cousin has some definitive answers for precious metals bulls… [Read More]( = [MarketWatch](=) [Market Snapshot: Why the stock market will struggle to rally until debt ceiling, bank woes are in rearview mirror](=) U.S. stocks will have a tough time coming unstuck until investors see some clarity around the debt ceiling and regional banking troubles. [Read More](=)  = Trade Stocks 580 Broadway Street, Suite 201B, Laguna Beach, Ca, United States, 92651 All Rights Reserved © 2023 [Terms & Conditions]( | [Report]( | [Privacy Policy]() | [Unsubscribe]( | [Contact](