Archive

Thursday, March 23, 2023

Don't Blame the Short Sellers for the Fall of SVB

By Herb Greenberg

When people start blaming short sellers for the downfall of a company – or the world's woes – it's often the time to wonder why... It's a lazy and frequently wrong argument, but more often... it's a diversionary tactic. I learned that firsthand when I was a journalist, spending much of my time talking to […]

Thursday, March 23, 2023

Big secret to wealth generation; An update on my 'Dirty Dozen' one year later; Removing GME from my list; Update on BBBY, META, and tech giants; Amazing Invention – This Drone Will Change Everything

By Whitney Tilson

1) Is a 58% annual return really possible? A 25-year study from Cambridge Associates recently concluded that one asset class outperformed portfolios made up of stocks and bonds by a very wide margin... The secret? Be sure to tune in on Tuesday, March 28 at 1 p.m. Eastern time to find out. I'll introduce you […]

Wednesday, March 22, 2023

The 'Canary in the Coal Mine' Is Concerning

By Mike DiBiase

Editor's note: Here at Empire Financial Research, we're long-term bulls over the future of the U.S. economy and stock market... But it's always useful to follow the analysis from smart people who have different opinions. As such, we're turning again this week to our friend and colleague Mike DiBiase – lead editor of our corporate […]

Wednesday, March 22, 2023

Upcoming event on Tuesday; What Is Bill Ackman Up To?; The rarity among billionaires of being willing to listen to disagreements and change your mind; Bill introduced me to my wife

By Whitney Tilson

1) In just a few days – on Tuesday, March 28 at 1 p.m. Eastern time – I'll introduce you to a man I've never spoken about before... He's bringing an exciting (and potentially very profitable) financial secret to the table – it's something you won't want to miss. Just go to EmpireBackdoor.com for more […]

Tuesday, March 21, 2023

We're in the Eye of a Financial Hurricane

By Mike DiBiase

Editor's note: Today in Empire Financial Daily, we're sharing a warning from our friend and colleague Mike DiBiase, the lead editor of our corporate affiliate Stansberry Research's distressed-debt newsletter, Stansberry's Credit Opportunities. Mike joined Stansberry after nearly two decades in the world of finance and accounting. He's an expert at analyzing vast amounts of data... […]

Tuesday, March 21, 2023

The Fed should pause tomorrow; Tesla tracking for a major first-quarter miss?; Antisemitic tweets soared on Twitter; Inside Elon Musk's cost-cutting drive at Twitter; Finding a Buyer for TikTok May Not Be So Easy; Instagram catching up with TikTok; John Oliver on timeshares

By Whitney Tilson

1) I think Bill Ackman is 100% correct in this tweet in which he lays out the case for the Fed to, in a "temporary pause," not raise rates tomorrow: 2) Tesla (TSLA) CEO Elon Musk responded to Ackman with this tweet: A friend's (likely spot-on) take: "Hey, now we know Tesla's Q1 results are […]

Monday, March 20, 2023

A Dark Side of Combining AI and Medicine

By Herb Greenberg

If there's one concern about mixing artificial intelligence ('AI') and medicine, it's that it will over diagnose and lead to under and over treatment... But another concern outside of specialized health care publications isn't getting much attention... It's that unregulated AI is starting to be used as a tool in insurance pre-authorizations – in some […]

Monday, March 20, 2023

Warren Buffett in Contact With Biden Team on Banking Crisis; Bankers flying to Omaha; Venture Catastrophists; What Gets Lost When You Rescue Markets; Forbes Fails

By Whitney Tilson

1) It's not surprising that the government is reaching out to Warren Buffett: Warren Buffett in Contact With Biden Team on Banking Crisis. Excerpt: Berkshire Hathaway's Warren Buffett has been in touch with senior officials in President Joe Biden's administration in recent days as the regional banking crisis unfolds. There have been multiple conversations between […]

Saturday, March 18, 2023

Even Mega-Cap Stocks Can't Escape Liquidity Risk

By Dan Ferris

Editor's note: Today in the Weekend Edition of Empire Financial Daily, our friend and colleague Dan Ferris from our corporate affiliate Stansberry Research is back with more insights – this time, with the details of what one of the most talked about financial terms really means for investors... Unfortunately, much of the mainstream financial media's […]

Friday, March 17, 2023

Unlike Fools, the Wise Avoid Most Stocks, Most of the Time

By Dan Ferris

Editor's note: Today in Empire Financial Daily, we're sharing an essay from our friend and colleague Dan Ferris over at our corporate affiliate Stansberry Research... Dan is the editor of Stansberry's Extreme Value newsletter, which focuses on buying world-class businesses trading at steep discounts. He also hosts the popular Stansberry Investor Hour podcast and writes […]

Friday, March 17, 2023

There is no banking crisis; First Republic stock; I disagree with Bill Ackman; Krugman: Three and a Half Myths About the Bank Bailouts; America Needs Its Small Banks; What's REALLY happening in Ukraine

By Whitney Tilson

1) The banking "crisis" continues to dominate the headlines... I use quotes around the word crisis because the contagion that's happening here is one of the most irrational things I've ever seen in the markets. THERE IS NO CRISIS! In total contrast to 2008, our banking system is strong, healthy, and well capitalized. A tiny […]

Thursday, March 16, 2023

Why the Banking Chaos Isn't a Repeat of 2008 or Even 1998

By Enrique Abeyta

For many investors, the concept of a bank failure may seem foreign... While there are always small banks that fail in any given year, there hasn't been a major bank failure since Washington Mutual back in September 2008 – during the heart of the global financial crisis. The failure also happened during an incredibly chaotic […]

Thursday, March 16, 2023

Doug Kass: Consider This Form Factor: The Biggest Will Be the Winningest; U.S. Threatens Ban if TikTok's Chinese Owners Don't Sell Stakes; TikTok Is a Venue for Child Sexual Exploitation; There Were a Few Savvy Investors Who Saw Silicon Valley Bank's Collapse Coming; SVB chart; Kyiv was surprisingly normal

By Whitney Tilson

1) I think my friend Doug Kass of Seabreeze Partners is right that the largest tech companies and banks will be the biggest beneficiaries of the recent turmoil in the markets. In yesterday's missive, he wrote: Consider This Form Factor: The Biggest Will Be the Winningest Mine is a simple investment strategy that may fit […]

Wednesday, March 15, 2023

Risk Is Not a Four-Letter Word

By Herb Greenberg

I was talking to a friend earlier this week about all things Silicon Valley Bank ('SVB') and he said that 'people need to relearn what risk is'... He was referring to the way SVB was handled, telling me... The fact that guys who don't know how to run a bank just put us back into […]

Wednesday, March 15, 2023

Why I think the Ukrainian tiger is about to devour the Russian bear – and the implications for stocks

By Whitney Tilson

The primary reason I've been to Ukraine twice in the past month is for humanitarian reasons. To alleviate the suffering that Russia's unprovoked, horrific attack has caused, I (with the generous support of hundreds of family members, friends, and readers) have purchased and delivered: 11 ambulances, with 15 more ordered and paid for (total cost: […]

Tuesday, March 14, 2023

Continuing the Conversation on Stock Buybacks

By Enrique Abeyta

In the March 2 Empire Financial Daily, I discussed the merits of stock buybacks... To briefly recap, I pointed out a couple of key factors to consider: Stock buybacks alter the supply of a company's stock, so – all other things held equal (including demand for the stock) – that should then lead to higher […]

Tuesday, March 14, 2023

First Republic; Mike Burry on the banking crisis; This Department-Store Stock Has Trounced Apple, Amazon, and Tesla; I visited the Babi Yar Holocaust Memorial

By Whitney Tilson

1) In yesterday's e-mail, after discussing the banking crisis, I concluded that "the entire banking sector is taking a hit... so I think it's time to start looking for babies thrown out with the bathwater," and mentioned Wells Fargo (WFC) and First Republic Bank (FRC), writing: A higher-risk, higher-reward idea I'm exploring is First Republic, […]

Monday, March 13, 2023

I'm back from a week in Ukraine; Bank runs; Wells Fargo and First Republic look interesting; Big takeaways from my trip; Zoom call on Wednesday

By Whitney Tilson

1) I just got back from a week traveling 1,600 miles all over Ukraine (more on this below and in future e-mails). Did I miss anything? I'm kidding, of course... Unlike when, for example, I was in Antarctica or hiking in the Sierra Nevada mountains in California, I had excellent Internet coverage – both on […]

Saturday, March 11, 2023

We're Buying Stocks, Not Companies

By Enrique Abeyta

If you've been investing for long, you might have heard comments like, 'Fundamentals don't matter in this market, just buy the 10 stocks that work'... It's a popular refrain when folks are confused by the market action. When something happens that they don't understand, they throw their hands up in the air. But these comments […]