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AllenKlee

AllenKlee
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  • Laszlo Birinyi remains bullish on the whole (video), viewing the recent drop as a "normal correction reacting to some unexpected news." He's into financials, recently buying Goldman Sachs (GS) and Citigroup (C); he's not buying Apple (AAPL) right now even though it's one of his firm's largest holdings. Gold miners (GDX) are his biggest short, especially Barrick Gold (ABX) and Newmont Mining (NEM). [View news story]
    Birinyi has an excellent track record.

    The portfolio he is recommending is positioned to outperform in a rising interest rate scenario. If you believe that Fed is going to do what they say and interest rates will continue to rise, then what he is recommending makes sense.

    Most financials have stronger earnings when rates rise and net interest margins expand. Gold stocks are negatively correlated with the dollar and the dollar should rise along with higher interest rates.
    Jun 23 02:57 PM | Likes Like |Link to Comment
  • Did Herbalife Repurchase Shares While In Possession Of Material Non-Public Information? [View article]
    I don't understand. If HLF had disclosed more about being investigated it is likely that would have caused stock to move down. According to this article, company was buying back stock. So they were buying back stock at higher prices than what they would have if they disclosed the information. It is not in the company's interest to buy back stock higher if they think it is going lower in the future.
    Feb 21 06:43 AM | Likes Like |Link to Comment
  • Mellanox (MLNX) guides on its Q4 call for Q1 revenue of $78M-$83M, far below a consensus of $129.5M. Shares are halted, expect a big drop when they resume trading. Update (6:00 PM) : Shares have resumed trading, and are down 25% AH to $38.75. [View news story]
    Key question on stock is whether the Q1 shortfall in guidance can be explained by customer having a $30 million inventory build that will be mostly worked off during that quarter. If that is true, then this should be viewed as a "1x" event. Some investors may consider this a "show me" story until management can prove otherwise; likely when report next quarter.
    Jan 23 07:02 PM | 1 Like Like |Link to Comment
  • A big bull throws in the towel on Herbalife (HLF) with Janney downgrading the stock to Hold. The upside case: Janney goes private. The downside: The regulators kill it. Shares -1.6% premarket. AquaResearch: Herbalife is both a terrible short and a terrible long. [View news story]
    I don't understand why a sell side analyst would not have their rating based on the fundamentals of the company.
    Jan 11 09:19 AM | Likes Like |Link to Comment
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