Buy the (big) dip in the mREITs, say both KBW and RBC Capital. "We think the bond market has over-reacted and mREITs have over-reacted to that over-reaction," says KBW (presumably Bose George). Stocks to buy if the Fed cuts back earlier-than-expected: CMO, HTS, MFA, ANH, DX. Stocks if the Fed continues with the status quo: AGNC, NLY, WMC. RBC favors NLY, MFA, and HTS, but warns AGNC's higher leverage magnifies losses as well as gains. The sector (MORT +1.1%) is continuing with yesterday afternoon's bounce. [View news story]
Yep. Cramer-contrarian is highly profitable. 10 years now he has been making my skin crawl, yet he rakes it in with his antics. Another example that if you can't make it on one end, make it on another. Dinosaur of the 1990s Bull run, when any monkey could make money.
Buy the (big) dip in the mREITs, say both KBW and RBC Capital. "We think the bond market has over-reacted and mREITs have over-reacted to that over-reaction," says KBW (presumably Bose George). Stocks to buy if the Fed cuts back earlier-than-expected: CMO, HTS, MFA, ANH, DX. Stocks if the Fed continues with the status quo: AGNC, NLY, WMC. RBC favors NLY, MFA, and HTS, but warns AGNC's higher leverage magnifies losses as well as gains. The sector (MORT +1.1%) is continuing with yesterday afternoon's bounce. [View news story]
Diana Containerships Business Model Continues To Deteriorate [View article]
I gave you a hard time about the ethics before, thought it is really only an issue as long as you are a CFA candidate / CFA. Yes, I knew you were CFA Level 2 Candidate. Just running the car over your foot a bit. So don't screw up the exam in a few weeks.
You have a long road ahead, and we're waiting for you at the finish line. You influence whether we wait with laurel crowns or lead clubs.
When long at $7, You could have sold the $7.50 calls and bought the $7.50 puts at a 2:1 ratio, in any number of accounts now allowing that with account minimum. Dividend in your pocket, with only a little slippage.
"Irrational exuberance" is the last term Alan Greenspan says he would use to describe today's market, but he believes stocks are "significantly undervalued" by historical standards. On banks and the concept of too big to fail, the former Fed head says it's the most important regulatory issue of the time; the problem is "getting worse, not better," but he does not favor a big-bank breakup. [View news story]
Wow- Greenspan has turned into quite the Muppet. Get him some green facepaint, and there is an opening for him in the new Star Wars movies.
Bank bailouts are alive and well, with investors in Italy's Monte dei Paschi approving the sale of several non-strategic stakes to raise capital, thus qualifying it for a €3.9B rescue from the Bank of Italy. The bank faces major losses from derivative trades that happened under the nose of then top-regulator Mario Draghi. "Stupefying," that Draghi failed to prevent this, says former finmin Tremonti. [View news story]
Been watching this one as Canary in Coal Mine for a long time. Siena's most talked about secret. Friend in finance says the atmosphere at a northern office of the bank is that of a tomb. Quietly selling everything antique out the back doors, going home and helping the wife quietly sell many of their possessions so they and the kids have something to live on in future years.
His near mute grimness is confirmed by old friends in the area from University. I hope better things for these people, if not Italy.
The Fed shouldn't even talk about halting QE until headline unemployment drops to 7.25% (it's 7.8% now), says the Boston Fed's Eric Rosengren. ZIRP, of course, will remain in place until UE hits 6.5%. If the employment picture doesn't improve, not only will the beatings continue, but Rosengren sees scope for an even-larger QE program. [View news story]
Superman: faster than a speeding bullet, but not faster than the US$ printing presses.
Whitney Tilson may be cringing a bit today, as shares of Herbalife (HLF +9%) continue to claw their way back from last weeks drubbing. The stock is rising again for a fourth session as some big hedge funds take advantage of the opportunity to cover shorts on the weakness created after Pershing Square's Bill Ackman accused the company of being a "sophisticated pyramid scheme." The stock has now risen nearly 30% since hitting a fresh two-year low last Tuesday. [View news story]
Poll: Who is less respected in their field?
(a) Chris Chase (b) Whitney Tilson (c) Joan Rivers
Whitney Tilson may be cringing a bit today, as shares of Herbalife (HLF +9%) continue to claw their way back from last weeks drubbing. The stock is rising again for a fourth session as some big hedge funds take advantage of the opportunity to cover shorts on the weakness created after Pershing Square's Bill Ackman accused the company of being a "sophisticated pyramid scheme." The stock has now risen nearly 30% since hitting a fresh two-year low last Tuesday. [View news story]
Whitney Tilson: a self promoting tool. How he gets them in, I will never know. Doesn't make them anything while the market goes up +100%, yet living fat off the fees. Most successful financial failure since subprime went toes up.
Slicing up McDonald's (MCD +0.2%): Analysts remain almost evenly divided on the restaurant stock with nearly every upgrade balanced by a downgrade, although the debate on CNBC (video) earlier missed the point. While a new management team was properly held up a potential driver for new innovation, claiming McDonald's is a China growth story was a bit much for Hedgeye's Howard Penney who noted less than 1% of the company's stores are in the nation. Reasons to buy: 1) McCafes. 2) "Killing it" with breakfast business. Reasons to sell: 1) Valuation. 2) "Too slow, too promotional." [View news story]
Ate at MCD yesterday with our CFO. Discussed our position. Got to admit I am getting Fried on this one. More puns welcome.... bring them, bring them all.
Slicing up McDonald's (MCD +0.2%): Analysts remain almost evenly divided on the restaurant stock with nearly every upgrade balanced by a downgrade, although the debate on CNBC (video) earlier missed the point. While a new management team was properly held up a potential driver for new innovation, claiming McDonald's is a China growth story was a bit much for Hedgeye's Howard Penney who noted less than 1% of the company's stores are in the nation. Reasons to buy: 1) McCafes. 2) "Killing it" with breakfast business. Reasons to sell: 1) Valuation. 2) "Too slow, too promotional." [View news story]
Slicing up McDonald's (MCD +0.2%): Analysts remain almost evenly divided on the restaurant stock with nearly every upgrade balanced by a downgrade, although the debate on CNBC (video) earlier missed the point. While a new management team was properly held up a potential driver for new innovation, claiming McDonald's is a China growth story was a bit much for Hedgeye's Howard Penney who noted less than 1% of the company's stores are in the nation. Reasons to buy: 1) McCafes. 2) "Killing it" with breakfast business. Reasons to sell: 1) Valuation. 2) "Too slow, too promotional." [View news story]
Bought the dip into low $80s. Selling into the high $80s. Wash, rinse, repeat.
Not surprising given the firm's 1575 target for the S&P 500 next year, Goldman's Global Strategy Team upgrades U.S. equities to Overweight for the next 3 months. Global growth is "a hump to get over, then a clear road ahead," is #1 among the Top 10 themes for 2013. [View news story]
Nike (NKE) plans to buy back $8B worth of class B shares in a four-year program, the sportswear giant said late yesterday, joining CVS Caremark in announcing a major repurchase program. Nike will commence the scheme once it completes an existing $5B program in FQ2 2013; over the past decade, the company has repurchased $10B worth of shares. (PR) [View news story]
Uhmm... No. NKE lower after announcing buyback. Someone has been massively unloading for days, selling into the QE3 and this buyback spike. This darling has repeatedly shown what I interpret as considerable insider trading. It was largely front-run into its 25 point drop off last earnings.
Very careful with this puppy. Like the brand, like the company, - but hate the way the stock is traded. Sort of an In-Club for certain institutions and large hedge funds. Everyone else need not apply.
Wait for earnings and bottom buy or trade off that.
Apple (AAPL) will ask Judge Koh to impose treble damages (over $3B) on Samsung (SSNLF.PK) in response to last month's huge jury win, "legal sources" (Samsung lawyers?) tell the Korea Times. A hearing regarding Apple's request could took place on Friday - Judge Koh has proven willing to grant many of Apple's requests before, during, and after the trial. [View news story]
I read up on her court history a bit more. She was a very logical choice. Still feels she is being moved around a bit like a chess piece. Belief in free will is a very old topic, and she is in an environment of considerable influence.
Did I criticize Apple for protecting its patents? I did not. I had not followed the case, having no financial interest in it. Reading now for the sake of curiosity, I do appreciate the orchestration.
Buy the (big) dip in the mREITs, say both KBW and RBC Capital. "We think the bond market has over-reacted and mREITs have over-reacted to that over-reaction," says KBW (presumably Bose George). Stocks to buy if the Fed cuts back earlier-than-expected: CMO, HTS, MFA, ANH, DX. Stocks if the Fed continues with the status quo: AGNC, NLY, WMC. RBC favors NLY, MFA, and HTS, but warns AGNC's higher leverage magnifies losses as well as gains. The sector (MORT +1.1%) is continuing with yesterday afternoon's bounce. [View news story]
Buy the (big) dip in the mREITs, say both KBW and RBC Capital. "We think the bond market has over-reacted and mREITs have over-reacted to that over-reaction," says KBW (presumably Bose George). Stocks to buy if the Fed cuts back earlier-than-expected: CMO, HTS, MFA, ANH, DX. Stocks if the Fed continues with the status quo: AGNC, NLY, WMC. RBC favors NLY, MFA, and HTS, but warns AGNC's higher leverage magnifies losses as well as gains. The sector (MORT +1.1%) is continuing with yesterday afternoon's bounce. [View news story]
Diana Containerships Business Model Continues To Deteriorate [View article]
You have a long road ahead, and we're waiting for you at the finish line. You influence whether we wait with laurel crowns or lead clubs.
When long at $7, You could have sold the $7.50 calls and bought the $7.50 puts at a 2:1 ratio, in any number of accounts now allowing that with account minimum. Dividend in your pocket, with only a little slippage.
Ne'O
"Irrational exuberance" is the last term Alan Greenspan says he would use to describe today's market, but he believes stocks are "significantly undervalued" by historical standards. On banks and the concept of too big to fail, the former Fed head says it's the most important regulatory issue of the time; the problem is "getting worse, not better," but he does not favor a big-bank breakup. [View news story]
Get him some green facepaint, and there is an opening for him in the new Star Wars movies.
Who pulls his strings these days?
Is The Current Market Overvalued? [View article]
Bank bailouts are alive and well, with investors in Italy's Monte dei Paschi approving the sale of several non-strategic stakes to raise capital, thus qualifying it for a €3.9B rescue from the Bank of Italy. The bank faces major losses from derivative trades that happened under the nose of then top-regulator Mario Draghi. "Stupefying," that Draghi failed to prevent this, says former finmin Tremonti. [View news story]
Siena's most talked about secret. Friend in finance says the atmosphere at a northern office of the bank is that of a tomb. Quietly selling everything antique out the back doors, going home and helping the wife quietly sell many of their possessions so they and the kids have something to live on in future years.
His near mute grimness is confirmed by old friends in the area from University. I hope better things for these people, if not Italy.
The Fed shouldn't even talk about halting QE until headline unemployment drops to 7.25% (it's 7.8% now), says the Boston Fed's Eric Rosengren. ZIRP, of course, will remain in place until UE hits 6.5%. If the employment picture doesn't improve, not only will the beatings continue, but Rosengren sees scope for an even-larger QE program. [View news story]
but not faster than the US$ printing presses.
Whitney Tilson may be cringing a bit today, as shares of Herbalife (HLF +9%) continue to claw their way back from last weeks drubbing. The stock is rising again for a fourth session as some big hedge funds take advantage of the opportunity to cover shorts on the weakness created after Pershing Square's Bill Ackman accused the company of being a "sophisticated pyramid scheme." The stock has now risen nearly 30% since hitting a fresh two-year low last Tuesday. [View news story]
(a) Chris Chase
(b) Whitney Tilson
(c) Joan Rivers
Whitney Tilson may be cringing a bit today, as shares of Herbalife (HLF +9%) continue to claw their way back from last weeks drubbing. The stock is rising again for a fourth session as some big hedge funds take advantage of the opportunity to cover shorts on the weakness created after Pershing Square's Bill Ackman accused the company of being a "sophisticated pyramid scheme." The stock has now risen nearly 30% since hitting a fresh two-year low last Tuesday. [View news story]
Slicing up McDonald's (MCD +0.2%): Analysts remain almost evenly divided on the restaurant stock with nearly every upgrade balanced by a downgrade, although the debate on CNBC (video) earlier missed the point. While a new management team was properly held up a potential driver for new innovation, claiming McDonald's is a China growth story was a bit much for Hedgeye's Howard Penney who noted less than 1% of the company's stores are in the nation. Reasons to buy: 1) McCafes. 2) "Killing it" with breakfast business. Reasons to sell: 1) Valuation. 2) "Too slow, too promotional." [View news story]
Slicing up McDonald's (MCD +0.2%): Analysts remain almost evenly divided on the restaurant stock with nearly every upgrade balanced by a downgrade, although the debate on CNBC (video) earlier missed the point. While a new management team was properly held up a potential driver for new innovation, claiming McDonald's is a China growth story was a bit much for Hedgeye's Howard Penney who noted less than 1% of the company's stores are in the nation. Reasons to buy: 1) McCafes. 2) "Killing it" with breakfast business. Reasons to sell: 1) Valuation. 2) "Too slow, too promotional." [View news story]
Slicing up McDonald's (MCD +0.2%): Analysts remain almost evenly divided on the restaurant stock with nearly every upgrade balanced by a downgrade, although the debate on CNBC (video) earlier missed the point. While a new management team was properly held up a potential driver for new innovation, claiming McDonald's is a China growth story was a bit much for Hedgeye's Howard Penney who noted less than 1% of the company's stores are in the nation. Reasons to buy: 1) McCafes. 2) "Killing it" with breakfast business. Reasons to sell: 1) Valuation. 2) "Too slow, too promotional." [View news story]
Wash, rinse, repeat.
Not surprising given the firm's 1575 target for the S&P 500 next year, Goldman's Global Strategy Team upgrades U.S. equities to Overweight for the next 3 months. Global growth is "a hump to get over, then a clear road ahead," is #1 among the Top 10 themes for 2013. [View news story]
Do as I do, not as I say?
Waka, waka, waka. Take it Muppets.
Nike (NKE) plans to buy back $8B worth of class B shares in a four-year program, the sportswear giant said late yesterday, joining CVS Caremark in announcing a major repurchase program. Nike will commence the scheme once it completes an existing $5B program in FQ2 2013; over the past decade, the company has repurchased $10B worth of shares. (PR) [View news story]
NKE lower after announcing buyback. Someone has been massively unloading for days, selling into the QE3 and this buyback spike. This darling has repeatedly shown what I interpret as considerable insider trading. It was largely front-run into its 25 point drop off last earnings.
Very careful with this puppy. Like the brand, like the company, - but hate the way the stock is traded. Sort of an In-Club for certain institutions and large hedge funds. Everyone else need not apply.
Wait for earnings and bottom buy or trade off that.
Apple (AAPL) will ask Judge Koh to impose treble damages (over $3B) on Samsung (SSNLF.PK) in response to last month's huge jury win, "legal sources" (Samsung lawyers?) tell the Korea Times. A hearing regarding Apple's request could took place on Friday - Judge Koh has proven willing to grant many of Apple's requests before, during, and after the trial. [View news story]
Did I criticize Apple for protecting its patents? I did not. I had not followed the case, having no financial interest in it. Reading now for the sake of curiosity, I do appreciate the orchestration.
As if I didn't think a Chaebol was underhanded...