Blackstone Inc. (BX)

107.89
0.56 0.52
NYSE
Prev Close 108.45
Open 105.61
Day Low/High 103.32 / 108.18
52 Wk Low/High 90.77 / 149.78
Volume 6.34M
Exchange NYSE
Shares Outstanding 1195.46B
Market Cap 128.60B
P/E Ratio 57.04
Div & Yield N.A. (N.A)

More Night Moves: A Quick Look at Overnight Futures

* The market (and money) never sleeps -- and neither do I, it appears! * Futures steadily dropped throughout the night after the guide-down. * Thanks to late Friday afternoon and yesterday's (probably short lived but robust rally) S&P oscillator dec...

Private Equity Looks Exposed: I See Warning Signs

Another potentially disappointing signpost is the weak pin action in private equity shares - and .   KKR and BX are first derivatives of equities -- they should correlate with stocks and, with the strength of today's market rebound, it could also be...

My Mea Culpa for Thursday's QQQ Boo-Boo as Even Oil Stocks Slip and Slide

My Mea Culpa for Thursday's QQQ Boo-Boo as Even Oil Stocks Slip and Slide

The bulls could be in for a world of hurt if Thursday's price action is any indication.

Some Possible Negative Tells That I See

* Outside day to the downside in the Russell Index. * Uninspiring breadth relative to the near 60 handle rise (at the top) in the S&P Index. * Blackstone was +$6/share on big earnings beat, now -$2/share. * Sharp intraday reversal in growthy tech na...

Premarket Movers

Upside - +48% (launches DriveMod Kit, a fully-equipped autonomous vehicle hardware integration module) - +22% (lands an energy as a service contract with large North American energy infrastructure company) - +10% (earnings, guidance) - +8.5% (earnin...

Airbnb Has Availability for an Extended Stay

Airbnb Has Availability for an Extended Stay

The wind is at Airbnb's back as travel returns with a vengeance. And there's another market dynamic in play.

Shoulda Held On

I covered my and shorts for a good profit on Friday - but I should have held on:  Feb 11, 2022 ' 02:02 PM EST DOUG KASS 3 Shorts Covered I covered my (SBUX) short at $94.18, (BX) short at $125, and (KKR) short at $123.80. I plan to reshort any stren...

3 Shorts Covered

I covered my short at $94.18, short at $125, and short at $123.80.

Covering Shorts

I just covered the following shorts - all banks, , and .

Whassup With Financials?

I plan to cover my bank shorts today on weakness. I am long Citigroup and JPMorgan Chase . I am short Bank of America and Wells Fargo . Speaking of financials, if Blackstone and KKR are not much lower, I plan to add to those shorts.

3 Moves

I am back to slightly net short.  And I have added to and shorts. - Reminder, I have a meeting between 2:30 and 4:30 today - so radio silence.

I'm a Busy Boy This Morning

I'm doing a lot of trading this morning. I'm selling short March $454 SDPR S&P 500 calls at $11.35 I sold some more JPMorgan Chase at $156.54 I'm adding to KKR and Blackstone shorts on the morning gap. Oh, and FibroGen is on the move.

2 Moves

I am adding to my Blackstone  short. I have covered some short puts and I just added to my SPY short (March $440 calls). Getting shorter on strength.

Also...

Late Friday I reestablished the following shorts into the market's strength: , , , , , and .

Trading Long Rentals

I am out of all my trading long rentals: , , , , , (still in ), ,

Blackstone Poised to Become Biggest Aussie Gambling Operator

Blackstone Poised to Become Biggest Aussie Gambling Operator

After buying in at a bargain price, the private equity firm is upping its bid for troubled Crown Resorts.

Covering Shorts

I have covered the following shorts this morning - , , , , , , , and . I also covered and shorts just now. And I have covered my short.

Five Stock Moves

I added to and on weakness. On the whoosh lower, I covered my short for a loss, and reduced my and shorts.

Three Adds

I have added to shorts in , and .

With Blackstone's Earnings Beat, the Stock Is Set to Make New Highs

With Blackstone's Earnings Beat, the Stock Is Set to Make New Highs

Here's how traders can play BX.

Blackstone

Covered a portion of my Blackstone short at $109.82.

Excellent Shorts

Some of our shorts are excellent today: , , , , , , , , , , , .

More Short Covering

I have covered half of my Blackstone and KKR & Co. shorts at $117.74 and $59.80, respectively.

Today's Trades

* Bought and . * Covered and shorts. * Covered SPY short puts and added to short calls. * Shorted , , , , , , and .

Evergrande's Troubles Leave Unbuilt City the Size of Los Angeles

Evergrande's Troubles Leave Unbuilt City the Size of Los Angeles

There are homes that could house an urban population of around 4 million now under construction by Evergrande alone.

Short Moves

I am covering a portion of my positions in the following shorts now: , , , , , , , , , , , and .

Liking Blackstone

One of my favorite financial shorts is Blackstone :  * Exposure to China * Exposure to Real Estate * The new issue market may be closing.  * Private equity firms are basically leveraged longs.

Hong Kong Market Tanks as Evergrande Property Scare Broadens

Hong Kong Market Tanks as Evergrande Property Scare Broadens

The broad Chinese property sector, the mainland's largest single industry, is selling off in Hong Kong as investors try to work out which will be the next domino to fall.

Macau's Casino Stocks, Near Record Lows, Face Specter of Tough License Reviews

Macau's Casino Stocks, Near Record Lows, Face Specter of Tough License Reviews

Macau's gambling empires will undergo government reviews that likely will end with different degrees of bad for U.S. operators.

Fear and Loathing on Wall Street

* We remain in a 'Bull Market In Complacency' * There is certainty and precision of the bullish consensus despite a wide range of possible market and economic outcomes - many of which are adverse and market unfriendly * A deeper than expected (and "...