Currently the editor of "The Biotech Forum," Bret Jensen was chief investment strategist for Simplified Asset Management (S.A.M.), a small long/short hedge fund based in Miami, from 2008-2011. The fund was in the top 5% of long/short hedge funds for total return in its first full year (2009), as ranked by Hedgeco fund database (more than 450 funds in category). Prior to this, he spent a decade as technology director of a Fortune 100 firm.Expand

Jensen has been a top-5%-ranked financial analyst and blogger since 2013, according to TipRanks. He holds a Bachelor of Science degree in finance from Arizona State University.

Follow Bret on Twitter: @Bret_Jensen.Collapse

Let the weekend begin and may Day 2 and 3 of the NFL draft bring my Arizona Cardinals some undervalued gems on both sides of the bay. Great filling for Doug Kass over the past couple of days. Look forward to doing it again.
Been two fairly uneventful days of trading, as far as the market indexes go, sitting in for Doug Kass here on the Daily Diary. Major indices are slightly down as we head into the last two hours of the trading week.
Genocea Biosciences and Eiger Biopharmaceuticals are high risk/high reward plays.
Markets slightly negative as we march into the last four hours of trading for the week. REITs taking a hit today as rates not declining despite weaker than expected first quarter GDP reading. Lodging REITs particularly weak on soft guidance from Host Hotels & Resorts (HST) . Probably not a bad idea to add a few shares of Hersha Hospitality Trust (HT)  which is down some 2.5% in empathy. Company recently reported better than expected numbers, yields over six percent and has seen some recent insider buying as well.
The market and 10-year Treasury yield are taking disappointing first-quarter GDP number in stride. The Chicago PMI came in stronger than expected and growth should rebound in the second quarter. Consumer spending was weak in first quarter, especially on big-ticket items. However, it should pick up in the second quarter thanks to spring and tax refunds.
First-quarter GDP clocked in at 0.7% versus the consensus of 1.1%. I would take this with a grain of salt. Since the financial crisis, GDP always starts off the year at a miserly pace.
It's good to be sitting in for Doug Kass again today as we try to end the week on a high note. I also hope all were satisfied by their teams' pick(s) last night on the first day of the NFL draft. You have to be happy if you are a 49ers fan (I am not as my Cardinals play in that division) as they pulled off two coups and landed two anchors for what was the worst run defense in their long history. Cleveland also did well but still does not have a franchise QB. I don't know what the Bears were thinking giving up a haul to move up one spot and grab a QB at No. 2 when they paid big bucks in the offseason to bring in Mike Glennon. The stock market is hard enough to understand at times -- glad I am not a NFL GM.
Some good discussions today on the Daily Diary. Look forward to continuing the conversation tomorrow as we look to wrap up a solid week for equities. Market was lackluster today but had a ton of earnings reports to take into account. Not to mention Mr. Trump's Tax Plan outline that came out yesterday and a possible vote again on the replacement of the Affordable Care Act on Saturday -- Will believe that when I see it.
Market has taken a turn for the better since our last update. All major indices are now in the green and oil has cut its loss today in half as well. Despite the recent fall in oil prices and some decent earnings report from the sector, airline stocks are one of the weakest parts of the market today. The trigger is American Airlines (AAL)  decision to raise salaries significantly for their pilots and other personnel. This is bringing back the memories of decades of lack of cost discipline, capacity constraint and out of control labor issues that bankrupted just about every airline at one time or another.

Mixed Market as Oil Pulls Back Real Money Pro($)

It's a mixed market as we head to the noon hour ET. Nasdaq is the only major index in the green, while everything else is sporting mild losses. Not much movement as investors digest scores of earnings reports.


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