​Weekly: Single Stock Plays Seen; Poor Jobs Data Deliver

The short Memorial Week in the U.S. wasn’t short on news with interesting flow seen in single stocks and ETFs. Most traders spent the week eying the jobs data released Friday, which proved highly disappointing. But, it also tempered expectations of an interest rate rise over the next two months. Both Alibaba and Walmart saw interesting strategies this week. Alibaba saw bond investors hedge their equity exposure as one of the firm’s major investors sold off a large portion of its holding via a convertible bond issuance. Meanwhile, one investor seems to be using Walmart calls as a bet on continuing poor U.S. economic performance. Walmart should see growth if consumers continue to shop at the lower end. For those that missed out on last week’s Las Vegas conference, you can check out all of the presentations as they’re now live. Keep an eye out for the next issue of the quarterly magazine for more in-depth Global EQD coverage.