Franklin Resources Inc. (BEN)

For those that are keeping score, I am very liquid today... Longs: , , , , , ,   , , , , and Shorts: , , , , , , , , , and __________ Long FDX (large), GLD (small), KSS, KHC (large), PZZA, TWTR (large), VIAC (large), M (large), GE (small), C, BAC, W...

Credit Suisse lowers its price target on Franklin Resources (on my Best Ideas List -- short): Following F4Q19 results, we are lowering our 2020/21 EPS estimates to $2.35/$2.26 from $2.45/$2.42 due mainly to a lower revenue forecast (driven by negati...

* Bank earnings, to begin to be reported this morning, will mostly be in line to modestly higher than consensus expectations. * In this quarter, bank EPS will begin to improve and grow relative to the S&P - with flat to slightly higher operating pro...

* Only three of eleven S&P sectors are viewed as attractive * I am in a risk off state of mind. Back in 2015 I instituted a new regular feature called "Sectors," in which I periodically offered my short-term (6-12 months) price outlook for each of t...

* BEN has reached my first price objective Franklin Resources was shorted and placed on my Best Ideas List (short) in mid-April 2019 at $35.14. The shares are currently trading at $25.80 and I have moved from very large-sized to small-sized. Here is...

My favorite short sector investment managers (Franklin Templeton Investments  and  T. Rowe Price Group Inc  ) are rolling over, again. My short thesis.     

My favorite short sector remains the investment management stocks - and . The stocks are rolling over. I am large-sized in both and recently added to BEN.  BEN, in particular is now breaking down badly - down by another -3% to a new recent low of $2...

I don't want there to be any ambiguity about the size of my positions or about my buy and short levels as I strive for as much transparency as possible. "When the time comes to buy, you won't want to." --Walter Deemer "When the time comes to sell, y...

I have reduced from very large-sized to medium-sized my investment management shorts. at $30.50 and at $105.80. I still like the short concept, but reward vs. risk has deteriorated - necessitating downsizing the positions.

Franklin Resources is down in a bullish tape and continues to underperform the market and its asset management peers. BEN was placed on my Best Ideas List (short) at $35.14 on April 11, 2019, and is currently trading at around $32/share. I have rece...

* Mr. Market is underpricing risk and I am trading and investing accordingly * I added new positions in DB and VXX * I sold my gold long GLD I have been increasingly active (and bearish) over the last week: * I have added to my bond short - now very...

* Out of the balance of my small long. * Added to my large and shorts at $290.90 and $185.98, respectively. * Added to money manager shorts and at $34.42 and $107.20, respectively. * Added to short at $51.35. * Added to short at $200.07.

* I don't want there to be any ambiguity about the size of my positions or about my buy and short levels as I strive for as much transparency as possible "When the time comes to buy, you won't want to." - Walter Deemer I promised to update my "Level...

I have added to the following shorts today: , , , and . All of this are now large-sized.

* Some fund managers are so desperate to attract capital that they are offering a negative fee model (that will pay investors to manage their money!) * A toxic cocktail is brewing in the money management space About a month and a half ago, Tobias Le...

Today's trades included the purchase of and near-dated puts, and more shorts put on in Semis ( and ) and Asset Managers ( and ). I added to my large long. I liquidated my holdings in , and . As a result, I raised my net short exposure of my portfoli...

My long book is down to small positions in , , and . Mediums sized in . And large positions in (actually very large as I have been adding), , , , , L and . My short book includes small to medium sized positions in , , , , and large positions in and ...

Recent shorts such as T. Rowe Price , Franklin Resources , Micron Technology , Intel and Apple are beginning to pay off!  

For the third day in a row the asset managers, T. Rowe Price and Franklin Resources , are down. TROW and BEN are my latest shorts and part of my newest sector short.

"Yesterday All my troubles seemed so far away Now it looks as though they're here to stay Oh, I believe in yesterday" - The Beatles, Yesterday I was active trading yesterday. I added to my Index shorts ( and ) and to a number of individual equity sh...

With an hour to go, here are my key observations on the day: * Another smart rally off of the day's low (such a resilient market!) but not accompanied by a revival of breadth (which is now 1,175 advancers against 1,760 decliners). * Bonds rose by 1-...

"Short people got no reason Short people got no reason Short people got no reason To live They got little hands And little eyes And they walk around Tellin' great big lies They got little noses And tiny little teeth They wear platform shoes On their...

Here are my key takeaways from today: * Mr. Market bent but didn't break. * Breadth was modestly negative (1,373 advancers, 1,555 decliners). * Bonds continue to point toward slowing economic activity in the U.S. and globally.  The yield on the 10-y...

Shorted and . Added to my long.

* A toxic cocktail is brewing in this space * I will be shorting BEN and TROW today and will be adding both to my Best Ideas List (short) Last week I participated in a Bull/Bear debate hosted by Citigroup's Tobias Levkovich. One of the questions Tob...