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 […]
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 […]
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 […]
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 […]
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... […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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: […]
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 […]
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, […]
By Herb Greenberg
One theme I've been hammering away at since the bubble burst has been how the market had fooled the seemingly smartest of the smart... As I tweeted back in March 2021... Source: Twitter/@herbgreenberg The latest example, of course, is the failure of SVB Financial (SIVB), whose Silicon Valley Bank was the bank to the stars […]
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 […]
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 […]
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