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Traders Positioned Short Going Into Powell’s Testimony – InsideArbitrage Friday Wrap

  • June 23, 2023


Our list of curated tweets for the current week

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It has been an exciting week where I got a chance to spend a few days with an amazingly talented group of investors in Vail and Jesse Felder’s podcast interview that we recorded together last week was published!

Vail, Colorado

Special Situations

Eli Lilly $LLY to acquire DICE Therapeutics $DICE in $2.4 billion deal

$QUOT announced it will combine with Neptune Retail Solutions.

I guess it's a way for $SURF holders to have a chance of getting something rather than seeing stock go to zero.

$TLRY completes acquisition of $HEXO

Shore Bancshares shareholders approve Community Financial merger

U.S. Chamber of Commerce backs L3Harris merger with Aerojet Rocketdyne

$AMED and $OPCH announced that the applicable waiting period with respect to the Merger under the HSR Act, expired on June 16, 2023

PNM Resources $PNM and Avangrid $AGR extend their merger agreement again.

Microsoft $MSFT on today’s court hearing re Activision $ATVI acquisition

I see California needs to bill lawyers

$IRBT likely to see verdicts from FTC and EC very soon.

Amazon’s $AMZN $1.65 billion plan to buy vacuum cleaner maker iRobot $IRBT is headed for an in-depth EU probe

$ROOT gets bid for $19.34 a share

Engineering consultant NV5 Global explores sale

NRG Energy $NRG $35.09 +1.21 (+3.57%) Pre-Market - Increased its share repurchase program by $1.7 billion

BRT Apartments Corp. Increases Share Repurchase Authorization To $10 Million

$PG: " Over the past 10 years, we’ve averaged 102% adjusted FCF productivity, and we returned over $140 billion to shareowners via dividends and share repurchase"

$CI Cigna has ~ $28 Billion set aside for share repurchase and strategic M&A from operations cash flow

$UNH United Healthcare still has ~ $13 Billion share repurchase authorization approved by board

$OSG adds another $10M to its share repurchase plan and is now up 8% on large volume today

$SWX anticipates completion of the spin-off of Centuri during the fourth quarter of 2023 or the first quarter of 2024.

$NRG | Elliott Seeks Ouster Of NRG Energy CEO - @WSJ

Visa $V just announced it has appointed Chris Suh as its new CFO

Carlyle is naming firm veteran John Redett to the roles of chief financial officer and head of corporate strategy in the first major appointment by Chief Executive Officer Harvey Schwartz $CG

Interesting commentary on $DLR by @HedgeyeREITs and @LogicalThesis



US Leading Economic Index fell again in May

Total US short interest, or the amount traders have spent betting against US equities, exceeded $1 trillion this month, the highest since April 2022.

U.S. existing-home prices posted their biggest year-over-year decline in more than 11 years last month as rising interest rates continued to weigh on the housing market

The # of homes in the US for sale fell to 1.37 million in May, the lowest level on record with Redfin data going back to 2012.

Winnebago $WGO falls 6% as sales plunge on weak demand for motorhomes