Up on @realmoney this morning:
* Why $GM should rev up now (added to Best Ideas List long two days ago)
* $GM announcement could hurt $TSLA shares
* Structural gutting of small businesses -what does it mean?
* Why I just shorted $FB
* $KHC provides a conservative outlook -

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More from @DougKass

19 Sep
The pandemic rocks Ron Perelman's empire.
Couldn’t happen to a nicer guy.
bloomberg.com/news/articles/…
Back in 1992 I wrote a critical cover story on his Marvel Entertainment for Barrons.
Here it is!
thestreet.com/tsc/common/ima…
Perelman sued me for $50 million (and barely had a dollar in my pocket at that time) claiming that my article was inflammatory and caused him to lose several
hundred million dollars as the stock plummeted. Shortly after I won the suit (and he paid my legal expenses) Alan Abelson followed up with five more interviews with me about the dire prospects for Marvel. Marvel ultimately declared bankruptcy (it declared it again a few years
Read 5 tweets
18 Sep
Coming up on @realmoney
Has The Nasdaq Topped... And Is The Index In The Process of Breaking Down?
* While the correction is only in its second week, the evidence suggests the growing possibility of a Nasdaq top and a break down in the Nasdaq
Fueled by a revolutionary but
evolving change in market structure - in which ETFs/quant strategies and products garnered large market share gains and dominance (while traders drove up call activity, pressuring a "Gamma Squeeze") - a select group of Nasdaq leaders have been responsible for an unsustainable
advance in the Nasdaq which came to an abrupt halt recently in what we might call a "Gamma Peak."
The Nasdaq's price action over the last two years and the ascent during the dot.com era in 1999-2000 are eerily similar ... @jimcramer @tomkeene @SquawkCNBC
Read 4 tweets
17 Sep
@realmoney @jimcramer @tomkeene @SquawkCNBC Snowflake had Wall Street at "cloud" yesterday as the IPO's market value climbed to $81 billion.
With a loss of $350 million in its fiscal year ending January 2020 and another $170+ million of losses through the first six months of its
current fiscal year and a PE ratio of 220x , the company even boasts a catchy stock symbol, SNOW. At current prices, SNOW is the 69th largest market cap in the S&P despite having less trailing revenues ($440 million) of any company in the S&P Index. (Coincidentally, Amazon went
public in 1997 and traded at a market cap of $442 million (the same sales rate of SNOW today!). But it took another 14 years for Amazon's market cap to hit $80 billion (which at the time had already reached $40 billion in sales))
Unfortunately, those with a sense of market
Read 5 tweets
16 Sep
The Berkshire Hathaway thesis I just heard on @cnbc @WilfredFrost @saraeisen @jimcramer makes very little sense based upon the empirical evidence.
As such, it is a silly narrative and an ill advised reason for suggesting a valuation reset.
Snowflake is a minimal investment
for Berkshire relative to its asset base. The promoter of the thesis suggests Warren's $AAPL investment is further evidence that the company is no longer investing in traditional, non technology investments.
Memo to Berkshire Bull: the Apple investment was made three years ago -
when some envisioned Apple as a value play (at less than 15x PE). As to why he is not likely selling Apple now - though it is a large portion of the company's investment portfolio - probably has more to do with not wanting to pay taxes on $60 billion of unrealized gains than
Read 6 tweets
15 Sep
Today's comments by @jimcramer to Speaker Nancy Pelosi were taken totally out of context by the many in the media and outside the media. I have been writing a column alongside Jim for 23 years on @realmoney and I know Jim professionally as well as anyone.
To suggest his was an
attack on the Speaker of the House is not only patently absurd but indicates that those have no knowledge about Jim's respect for her and the office that she represents.
It seems everyone is looking for a "gotcha" moment - well, people are looking under the wrong rock here.
I have admired Jim up close for over the last two decades. He is more sensitive, more respectful, more intelligent, more charitable and a more compassionate person than the haters represent and have any concept of. To me he is a role model as an educator, commentator, husband
Read 4 tweets
10 Sep
@realmoney @stoolpresidente
Shtick 10
Trading Knowledge 0
Sep 10, 2020 | 04:47 PM EDT DOUG KASS
Stocks Are as Easy as Alphabet Soup... Right.
Can you pick letters out of a bag and read them? Then you can play the stock market...
* So says Dave Portnoy (@stoolpresidente)
* I blame the media, not Portnoy, on this PT Barnum dujour
David Portnoy likens the stock market to a casino, and suggests the biggest mistake you can make is to stop when you are losing money (1:45 into the video). Interesting, as the casinos always make money for a reason.
The odds are in their favor, and people don't stop. Until they lose it all.
Anyway, premature self congratulation (I wanted to write ejaculation!) once again.
One more amateur mistake.
Memo to @stoopresidente: At least wait until the market is closed for the day to declare
Read 6 tweets

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