Caterpillar Inc. (CAT)

* Back to between small- to medium-sized net long * We are now exactly at my intrinsic value calculation for the S&P Index I have covered my medium sized short on the whoosh lower: And, as I suggested on Friday (when I sold out about half of my puts...

Thanks for reading my Diary today and all week. It's been a long five days and I am going to sign off early. This has been a difficult period for many and I have tried to unemotionally explain how I am navigating and coping with the markets (and lif...

Danielle DiMartino Booth asks whether a downturn in tech spending lies ahead: With major chemical companies such as DuPont and BASF pulling 2020 guidance, the Chemical Activity Barometer from the ACC provides a convenient macro proxy; this barometer...

* CAT remains my favorite short Morgan Stanley has turned bearish on Caterpillar , citing "downside risks of a multi-year downturn in spending in the non -residential construction industry". The brokerage has moved the stock from neutral to sell (wi...

My short book consists of Apple and Caterpillar shorts, as well as long puts.

Bidding to cover a small amount of Caterpillar at $108-09. The shares are nearly -$20 from my April 9th short at $127+. My rationale: the downside risk vs. reward to the upside is no longer as attractive.

Caterpillar's share price (-$5.45) appears to be rolling over on the charts. CAT was placed on my Best Ideas List (short) on April 9. 2020 at $127.40/share. Now trading at $109.15.

Bank of America downgrades this morning. The shares were -$7.65 this morning. CAT is my largest short position (from Thursday): Apr 09, 2020 ' 12:00 PM EDT DOUG KASS Adding to CAT I added to my Caterpillar (CAT) short this morning and I have put it ...

* We are all "Japan" now * At 2800, the S&P has hit my "fair market value" * I am back to market neutral -- having sold all of my Index longs * I have no plans to sell my individual stocks as many are undervalued and trade at a 2400 S&P equivalent (...

I have put on some shorts, including moving to large. This brings me to a market neutral position. Phew! I plan to buy weakness in light of my constructive intermediate term outlook.  

I added to my Caterpillar   short this morning and I have put it on my Best Ideas List (short).

* A big sub beat took DIS shares +$7 in the after hours * DIS is among my favorite long positions Like Caterpillar , I have profited shorting Disney over the last four years. A perennial member of my Best Ideas List (short) since 2016, I recently re...

* On March 16 I took a trading long rental in Caterpillar - selling it out shortly thereafter for a profit * I took a trading short rental in CAT, at the close yesterday * CAT's shares have climbed from under $90 to over $127 since March 16th Over t...

I have made a promise of more company-specific, action-based ideas and less pontification. I have updated 6-7 financial holdings in the last few days and today I am going to continue this tack with Disney and Caterpillar . Coming up.

* My revised levels 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 t...

I have just sold my trading long rental for a nice gain. This follows the profitable sales of and recently. That day, I also purchased and - despite the sharp gains (particularly in Procter), I am holding on to these.

Back in mid-March I established five new long positions: Mar 17, 2020 ' 01:01 PM EDT DOUG KASS 5 New Long Positions In addition to materially adding to existing longs, I have established new long positions (some are trades, other investments) in the...

* Will be forthcoming... At all times, but particularly during a crisis, circulating bottom-up investment ideas is of paramount importance. Don't get me wrong, a market view is very important - and so is the analytical discussion surrounding that ma...

With S&P futures down markedly, I will be a dip buyer. As documented, I have sold some of my trading long rentals (e.g., S&P futures, , , etc.) and I plan to reestablish those positions on any meaningful market weakness.

* At the current price of about $151, I cannot easily find such an attractive entry point as Goldman Sachs . (Was -$7 and now almost flat after being +$19 Tuesday). * In just a few minutes just rallied by more than +$2 from my incremental purchase! ...

Should the stock market continue to follow through after Tuesday's historic advance traders and investors will be faced with some tough decisions: * Does one sell off the trading layer of our portfolios? * Should we maintain our longer term investme...

Over the last few days I have established new positions in , , , , , , ,  , , , , and some other more speculative investments. I also initiated a long S&P futures position which I will jettison on an extension of this rally (if it occurs).

* Before you read this opening missive be sure you understand your risk appetite and profile as well as your time frame * I see a possible "generational" investment opportunity developing and I am now even more aggressively buying for the intermedia...