|Day Low/High||76.83 / 82.31|
|52 Wk Low/High||71.83 / 310.16|
As another 'fan favorite' gets hit hard, consider this to be part of the changing nature of the market.
But when the fundamental story changes you have the right to change your opinion.
Fortunately, I had liquidated my position last week. While EPS was only a penny short of consensus, guidance was awful - the company now sees 1Q at $0.87 - nearly $0.30/share less than previously anticipated. Revenues, too, are projected to be weak...
"Just one more thing." - Lt Columbo I added to my short over $368.60 -- raising my cost basis to $367.15. I am also taking off some General Motors and Twitter in the aftermarket -- after the nice runs from Friday. I am liquidating my SoFi Technolo...
PayPal with a big miss and weak guidance. I sold out last week: Jan 27, 2022 ' 05:19 PM EST DOUG KASS Out of PayPal
The current technical setup suggests that prices are washed out on the downside and a rebound rally could unfold.
The Fed was out in force on Monday to reinforce the concept of pragmatism in assessing the trajectory of future policy.
* More lessons learned Warren Buffett famously said "you can't tell who is swimming naked until the tide goes out." If nothing else the recent dive in stock prices has again taught us some important lessons: * Trust yourself and maintain your ris...
I added to the following long positions today: , , , (initiated), , , , , , , , , , , , (initiated), , , , , and . Long above.
Here is a list of ETFs/stocks I purchased last evening: SPDR S&P 500 ETF , Invesco QQQ Trust , iShares Russell 2000 ETF , SPDR S&P Biotech ETF , PayPal , DraftKings , Penn National Gaming , Disney , Netflix ($402), Upland Software (new, software nam...
I recently passed on PayPal : Jan 07, 2022 ' 12:05 PM EST DOUG KASS Pass on PayPal After listening/watching nearly every commentator on FIN TV buying PayPal (PYPL) over the last two months - it piqued my interest and I spent a few hours on the name...
After listening/watching nearly every commentator on FIN TV buying PayPal over the last two months - it piqued my interest and I spent a few hours on the name. It's a pass for me after doing that research. The same applies to . A pass there, too.
When I referenced being back in a short in the previous post - I didn't chronicle the wide spread damage under the market's hood. Besides the large-cap tech carnage consider the weakness in illiquid/speculative gewgaws, crypto-related equities, larg...
Fiscal and monetary policy is no longer unbounded and we're likely well past the points of peak economic activity and peak liquidity.
* The setup for 2022 is far different than 2021. * After a lengthy period of unbounded fiscal and monetary largesse we are exiting peak economic activity and peak liquidity * Sell strength and buy weakness? * The growth and narrow market performance...
The tech sector's tumble might have more in common with the events of 1987 than those of 2000/2001. If this proves the case, some buying opportunities are forming.
Bargain hunters and buy-the-dip players may find PYPL temporarily attractive.
Uber Technologies and AdvisorShares Pure US Cannabis ETF are tempting as buys amid a landscape strewn with a lot of broken stocks.
* What's to like? Very little.. * Though the averages have held up (thank you "Nifty Seven"), a look under the hood reveals a dismal picture of broken stocks and charts "Last thing I remember, I was Running for the door I had to find the passage ba...
In the wake of Monday's tech rout, here are a few things I like about the tech sector at this crazy moment in time, along with a few things that have me concerned.
Monday was a continuation of the weakness in many names already slumping -- the only difference is everyone noticed the reverse.
A few of the index movers were up, and that held up the major indexes much better than the rest of the market. Let's dig in to see what that means.