The Blackstone Group Inc. (BX)

NYSE : Finance
Prev Close 60.15
Day Low/High 60.39 / 61.39
52 Wk Low/High 32.17 / 60.19
Avg Volume 4.00M
Exchange NYSE
Shares Outstanding 659.35M
Market Cap 68.87B
EPS 2.30
P/E Ratio 26.04
Div & Yield 1.92 (3.30%)
Anbang Backs Out of Starwood Bid, Marriott Stock Sinks After-Hours

Anbang Backs Out of Starwood Bid, Marriott Stock Sinks After-Hours

Move clears the way for Marriott to complete its purchase of Starwood. 

Picking Up Distressed Shale Assets: Papa Knows Best

Former EOG executive launches focused energy fund.

Peak Hedge Funds

I'm back in the saddle! Bloomberg recently reported that the Blackstone Alternative Multi-Manager Fund (BXMMX), a mutual fund run by the Blackstone Group (BX) that allocates money to hedge funds, has lost almost half of its assets so far in March. C...

My Takeaways and Observations

My closing message to subscribers: The market's love affair with the Fed is a weakening embrace and the potency of response is diminishing. But a few steps back! My opening missive, "The U.S. Economy's Outlook is Darkening," seemed to be confirmed (...

Financials Look Bad Today (But I Like Weakness)

Bad fundamental news today for Credit Suisse (CS), Deutsche Bank (DB) and UBS (UBS) might to be unexpected, but should weigh on financials today. (Click here, here and here for a rundown of what the three banks are facing.) I recently jettisoned my ...

My Takeaways and Observations

I outlined my negative market outlook in this morning's opening missive, "Forget the 'Church of What's Happening Now.'" This summary detailed the fundamental, technical and sentiment headwinds that I see.  A challenge to Jim "El Capitan" Cramer on C...

Selling Best Buy Amid a Weakening Retail Outlook

The U.S. retail outlook is deteriorating, and I'm responding in my portfolio. The Commerce Department said today that retail sales dropped 0.1% in February -- but the real bad news was a revision to January's numbers. Commerce revised its initial re...

My Takeaways and Observations

 "What came first? The chicken or the Ben?" --Tiara Soleim, talking about "The Bachelor's" Ben Higgins this season Final rose? The obvious and recurrence of price action from the past continues, but for how long? Maybe only The Shadow knows.  "Move ...

Chinese Bid for Starwood Shows Hotel M&A Market Is Even HOT-ter

Chinese Bid for Starwood Shows Hotel M&A Market Is Even HOT-ter

Marriott already has a $12.2 billion bid for Starwood that awaits shareholder approval.

Midday Report: 'Zootopia' Tops Box Office; Stocks Mixed on Crude

Midday Report: 'Zootopia' Tops Box Office; Stocks Mixed on Crude

U.S. stocks remained under pressure as crude resumed its downward slide on Monday.

The Anbang Acquisition of Hotels From Blackstone Isn't All Good News

It looks like a way for Anbang to park some cash in some Western asset.

Blackstone downgraded at Deutsche

My Takeaways and Observations

I remain "all in short," positioned on Friday afternoon.   My message for the day this morning? "Don't worship at the church of what's happening now."  The key insight today was the flight to safety. More risk off might lie ahead. Thanks for the nic...

Making Some Major Portfolio Ch-Ch-Changes

"I still don't know what I was waiting for And my time was running wild. A million dead-end streets Every time I thought I'd got it made. It seemed the taste was not so sweet So I turned myself to face me. But I've never caught a glimpse Of how the ...

Gold Doesn't Look So Golden to Me

Gold is up today, but the metal's moves to the upside have a long history of ending in a climax fashion. Thus, when I read that Blackstone Group (BX) has suspended issue of new shares of its SPDR Gold Shares ETF (GLD) because of "a surge in demand,"...

Today's Takeaways and Observations (Early Edition)

Today's Takeaways and Observations (Early Edition) It's been another win for the bulls so far in the session, with the SPDR S&P 500 ETF (SPY) higher at last check after being down 85 cents earlier today. I started the day underscoring the "Top 10 Re...

My Takeaways and Observations

A win for the bulls. I outlined my cautious view in my opener.  I sold a number of longs and reduced my long side today.   I sold my biotech basket for a good two-and-a-half-week gain.  I reduced my bank longs from large to between small and medium ...

My Takeaways and Observations

If I had to guess, today's sharp rally was a function of monthly inflows, technical breakouts and programs. But it is only a guess. However, you will watch in the business media all the talking heads who liked yesterday's market and purchased opport...

I'm Bullish on Banks

Bond yields are spiking higher today and the iShares 20+ Year Treasury Bond ETF (TLT) is down $2, and financials are conspicuous to the upside. Here's my current take on the sector: Banks. I'm long on Citigroup (C), Bank of America (BAC), JPMorgan C...

Taking Off a Small Amount of My Financial Longs

"I expect recent pressures on net interest margins (i.e. lower rates and a flattening yield curve) to continue this year. I also believe that analysts' current earnings estimates are vulnerable in the next two quarters. However, more-aggressive cost...

My Outlook for the Market's Major Sectors (Part 1)

"Yellen is wrong -- and she has a lot of company. It is an amazing reality that, among economists, the faith in the possibility of endless expansions has survived the 2008-2009 financial crisis and the Great Recession. What history teaches is disqui...

Takeaways and Observations

Hello, all -- I'm back! Great job yesterday by Chris "Not the Designer" Versace in subbing for me. My takeaways and observations regarding yesterday's action: St. Louis Fed President James Bullard is full of bull. Ray Dalio of hedge fund Bridgewater...

3 Stocks My Asset-Management Strategy Loves

This computerized strategy is based in the investing of Peter Lynch.

A Peek at Hedge Fund EJF Capital's Picks

Latest filing shows the firm bought BX, AC, CFG and more in 4Q.

Today's Takeaways and Observations

I am playing the contrary for a rally and thinking Second Level  -- and so far, so good. The U.S. dollar reversed the recent trend and increased in value relative to the euro today. There were three dips today, and all of them held as the market ben...

Adding to My Bank and Industrial Longs

With the SPDR S&P 500 ETF (SPY) now down by over $4.25 a share, the market's decline is accelerating and some panic -- a necessary reagent to a tradeable low -- is coming to the fore. So, I'm moving to a slightly net long exposure after starting the...

My Current Take on the Market

I remain bearish and net short as we get ready for another trading week to begin. I recently substituted my short of the SPDR S&P 500 ETF (SPY) with out-of-the-money SPY puts. This strategy increases my delta and short exposure as stocks fall, which...

Where Will We Go for Growth Stocks?

Alternative energy and private equity are 2 areas worth exploring.

A Wild Day ... and More to Come

As I noted in my morning missive yesterday: "I like to speak the truth and say "I Don't Know" when I don't know what to make of things. Unlike the last two weeks: -- I don't feel I have any particular near-term edge in view. -- The risk-vs.-reward q...

Today's Takeaways and Observations

Is it Friday yet? The market is almost unplayable for most. A crude reversal likely was the catalyst for the turnaround, as quants ran on board the train from the morning lows. As I mentioned this morning, there is little edge or trend right now. If...