AUTHORS
Chris Versace
With 30 years of cross-industry experience, Chris Versace brings his thematic investing lens to Action Alerts PLUS each day as lead portfolio manager. His daily insights, analysis, and recommendations provide the foundation for the Action Alerts PLUS portfolio.
Versace began his career in equity research before founding Versace Management in 2005. He joined TheStreet team in 2011 as a Real Money contributor before becoming portfolio manager of Action Alerts PLUS in 2021. He holds an MBA from Fordham Gabelli School of Business and has co-authored a book called “Cocktail Investing - Distilling Everyday Noise into Clear Investing Signals for Better Returns.”
With a passion for teaching others about investing, Versace spent 9 years as an Assistant Professor of Finance at NJCU School of Business. When he’s not contributing to TheStreet’s premium services, he can be found speaking at industry conferences or at a Bruce Springsteen concert (he’s seen him 50 times and counting!).
Recent Articles By The Author
Russell Flashes Bearish Shooting Stars
With the market deep in the red, uncertainty re-kindled and many a question as to where the technicals suggest the market could go, here's my Action Alerts PLUS co-manager Bob Lang with some thoughts on the Russell 2000 and small-cap stocks: Russell...
From Superman to James Bond?
Henry Cavill is out as Superman after recently announcing his return. Perhaps James Gunn and Peter Safran have alternative plans for Henry or perhaps this opens the possibility he will be the next Bond... James Bond. Speculate freely below and weigh...
Lennar's Mixed Housing Message
All right folks, I'm back from talking with TheStreet's JD Durkin, who hosts a number of programs, including The Market Open in which he breaks down the key stories of the day with Martin Baccardax. If you missed today's livestream, you can find the...
Let's Go to the Videotape
Folks, I'll be back once I tape today's Daily Rundown video for Action Alerts PLUS. Thanks for being patient on this, but more to come!
November Retail Sales Falter
November Retail and Food Service sales fell 0.6%, much weaker than expected, and with Retail falling 0.8% vs. October. On a year-over-year basis, Retail grew 5.4%, far slower than the revised +7.4% for October. Recalling the Consumer Price Index lev...
DigiDay Intel on Netflix
DigiDay reports that Netflix "is falling short of ad-supported viewership guarantees made to advertisers and allowing advertisers to take their money back for ads that have yet to run." More on that can be found here.
Everybody Gets 50
And it's 50-basis points all around from the Fed, Bank of England, and the European Central Bank -- with prospects for more rate hikes ahead from all three. Adds to the prospects for slower growth (recession?) in 2023 and downside risk to 2023 earni...
Upgrades and Downgrades
It wouldn't be a market day without stock rating changes. Here are some reported so far this morning: Upgrades: Ardagh Metal Packaging S.A. upgraded to Buy from Neutral at BofA Securities; target raised to $6 Avery Dennison upgraded to Buy from Neut...
Now at the Plate, Your Super Sub, Chris Versace
Good morning, folks! I'm Chris Versace, filling in for Doug Kass today on the Daily Diary. We've got a busy morning ahead of us here on Thursday even as the market continues to assess the message that Fed Chairman Jay Powell and his cohorts sent on ...
Over and Out
All right folks I am outta here as they say. Have a wonderful rest of the week and an even better Thanksgiving holiday!
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