Blackstone Inc. (BX)

3.80 3.20
Prev Close 118.94
Open 116.07
Day Low/High 114.31 / 117.73
52 Wk Low/High 62.72 / 149.78
Volume 4.13M
Exchange NYSE
Shares Outstanding 1198.18B
Market Cap 139.13B
P/E Ratio 57.04
Div & Yield N.A. (N.A)

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...

Adding to My Financial Longs

I'm adding further to my longs of Bank of America (BAC), Blackstone Group (BX), Citigroup (C), Goldman Sachs (GS), Morgan Stanley (MS) and most of my other financial holdings now. See my recent missive for my rationale. If I'm correct, we're seeing ...

Adding to My Financial-Sector Longs

I've added to the following financial-sector longs this morning: Goldman Sachs (GS) at $149.25. Morgan Stanley (MS) at $23.59. A small addition to Blackstone Group (BX) at $25.04.

Today's Takeaways and Observations

My thoughts on the day: I outlined my near- and intermediate-term outlook in parts one and two of this morning's opening salvo. I moved in dramatic fashion from a relatively large net long exposure taken on a week ago Wednesday and Thursday to a sma...

The Rally that Nearly Everyone Hates

I'm not much of a technician, but the S&P 500 has now broken through the resistance level that three previous attempts failed to breach. (I discussed this further in my opening missive today.) We're now more than 100 handles above the S&P 500's "noo...

Blackstone Rocks!

I'm going long on the Blackstone Group (BX) today and putting it on my "Best Long Ideas" list for reasons that I'll highlight shortly in an upcoming thesis in favor of junk bonds. I'll also have more to say about BX next week. But for now, click her...

Charts Indicate Blackstone Is Crumbling

Charts Indicate Blackstone Is Crumbling

The chart has been indicating a sell signal for months; $20 is the next area of support. 

The Market Gurus That I Listen To

I've gotten e-mails throughout the years from subscribers who've asked me whom I listen to in order to formulate my investment and economic views. Here's a partial list, along with an explanation as to why various "gurus" are on it: Investment Manag...

Byron Wien's 10 Surprises for 2016

My pal Byron Wien of the Blackstone Group (BX) has announced his 10 Surprises for 2016. Compare them to my list here and here and tell me what you think!

Private Equity's Watchwords: Cash and Caution

A new report indicates that conditions are changing for private equity firms.

Jim Cramer's 2016 Prediction: Eli Lilly Will Hit $100 a Share

Jim Cramer's 2016 Prediction: Eli Lilly Will Hit $100 a Share

Jim Cramer made some predictions about the stock market in 2016 while answering viewers’ social media questions.

Chart of the Day

Click here to check out the weak one-year chart of The Blackstone Group (BX). This could serve as yet another warning sign for equities' future over the coming months. Moroever, 4k BX Jan. 28 puts just traded (to open) at $0.44.