Uber has seen a ferocious challenge to its business model of late. It seems everything it touches turns into fool's gold. It is easy to assign blame to the current CEO, but Dara Khosrowshahi was shoehorned into a difficult situation after previous CEO Travis Kalanick defiantly departed leaving the company in tatters in his wake.
Global Market Comments May 14, 2018 Fiat Lux Featured Trade: (THURSDAY, JUNE 14, 2018, NEW YORK, NY, GLOBAL STRATEGY LUNCHEON), (THE MARKET OUTLOOK FOR THE WEEK AHEAD, OR TAKING ANOTHER BITE AT THE APPLE), (AAPL), (FAREWELL TO DAVID ROCKEFELLER)
What happens after markets test the top end of a range? They test the bottom end of the range. So, the game here is to pick where and when is the next short-term top. Now that Q1 earnings are out of the way, there is no major positive driver of the market for two more
Mad Hedge Technology Letter May 14, 2018 Fiat Lux Featured Trade: (MEET THE NEW FANG), (AMZN), (WMT), (FB), (NFLX), (GOOGL), (UBER)
Watching Sotheby's sell off the possessions of David Rockefeller, the memories came flooding back. A Picasso went for a staggering $115 million, while a Monet fetched $80 million. A leather easy chair estimated at $300 sold for $8,000. I've seen then all, either at the downtown headquarters of Chase Manhattan Bank, which Rockefeller turned into
"It's easier to get out of Cuba than to get out of Facebook," said a market analyst.
Yes, it's Wal-Mart (WMT). No, I'm not making this recommendation because they let you park your RV in their parking lots at night for free. And no, I'm not smoking California's biggest cash crop either (it's not grapes). I predicted as much in my recent research piece, "Who Will Be the Next FANG?" by clicking
Global Market Comments May 11, 2018 Fiat Lux Featured Trade: (WEDNESDAY, JUNE 13, 2018, PHILADELPHIA, PA, GLOBAL STRATEGY LUNCHEON), (MAY 9 BIWEEKLY STRATEGY WEBINAR Q&A), (FB), (MU), (NVDA), (AMZN), (GOOGL), (TLT), (SPX), (MSFT), (DAL), (MAD HEDGE DINNER WITH BEN BERNANKE)
Come join me for lunch at the Mad Hedge Fund Trader's Global Strategy Update, which I will be conducting in Philadelphia, PA, on Wednesday, June 13, 2018. An excellent meal will be followed by a wide-ranging discussion and an extended question-and-answer period. I'll be giving you my up-to-date view on stocks, bonds, currencies, commodities, precious
Below please find subscribers' Q&A for the Mad Hedge Fund Trader May 9 Global Strategy Webinar with my guest co-host Bill Davis of the Mad Day Trader. As usual, every asset class long and short was covered. You are certainly an inquisitive lot, and keep those questions coming! Q: Would you still short Facebook (FB)?