Empire Financial Daily Newsletters

November. 2020

The Fed Chairman Just Made a Shocking Announcement

By Eric Fry

Empire Financial Daily,
Saturday, November 28, 2020
Editor’s note: Today, we’re sharing an essay from our colleague Eric Fry, editor of The Speculator, over at research firm InvestorPlace. Eric is known for his fantastic long-term track record – including numerous 10-bagger calls. He recommended buying Asian stocks during the depths of the late 1990s currency crisis… buying Russian stocks during Russia’s debt-currency […]

The Update Issue: Apple Cuts Prices, Spotify Doubles Down, More on Celebrity Booze

By Berna Barshay

Empire Financial Daily,
Wednesday, November 25, 2020
Apple (AAPL) threw a bone to developers who were annoyed with its 30% revenue share on App Store sales… Last Wednesday, Apple announced the App Store Small Business Program, which will cut fees on paid apps and in-app purchases sold through the App Store for any developer that earns less than $1 million annually from […]

How a 'Free' Game Just Quadrupled One Video-Game Developer's Revenues

By Alex Griese

Empire Financial Daily,
Tuesday, November 24, 2020
► Despite a relaxation of COVID-19-related restrictions over the summer, one at-home stock just reported record results in the third quarter… In its latest earnings release, video-game maker Activision Blizzard (ATVI) noted that net revenues and earnings per share were up more than 50% and 200% year over year, respectively. In particular, the company’s Activision […]

Retail's Blowout Quarter

By Berna Barshay

Empire Financial Daily,
Monday, November 23, 2020
► Last week, we got a slew of retail earnings… and most companies beat on at least a few key metrics, if not all of them. Most of the retailers that reported third-quarter earnings last week beat estimates for revenue, same-store sales growth, and earnings. Additionally, growth in sales led to expanding margins as companies […]

Don't Make This $100,000 Mistake

By Mike DiBiase

Empire Financial Daily,
Saturday, November 21, 2020
Editor’s note: Today, we’re sharing a warning from our friend Mike DiBiase, lead editor of Stansberry Research’s distressed-debt newsletter, Stansberry’s Credit Opportunities. Mike joined Stansberry Research after nearly two decades in the world of finance and accounting. He’s an expert at analyzing vast amounts of data and understands complex accounting issues and how to read […]

The Update Issue: L Brands Shatters Earnings, Simon and Taubman Make Up, Shocker at HBO Max

By Berna Barshay

Empire Financial Daily,
Friday, November 20, 2020
► On Wednesday, L Brands (LB) crushed third-quarter earnings expectations… The company, which owns specialty retail chains Victoria’s Secret and Bath & Body Works, reported a massive beat… clocking in at $1.13 per share for the third quarter versus analyst estimates of just $0.14 cents. LB shares climbed 18% yesterday in the wake of the […]

An IPO Completes Airbnb's Stunning Pandemic Comeback

By Berna Barshay

Empire Financial Daily,
Thursday, November 19, 2020
► The comeback kid of the ‘sharing economy’ will hold its initial public offering (‘IPO’) next month… The long-awaited IPO filing for home rental site Airbnb became public on Monday, which means by mid-December, ABNB shares should be listed and trading. Coming into 2020, the company was expected to become one of the biggest IPOs […]

Luxury Shrugs Off the Pandemic

By Berna Barshay

Empire Financial Daily,
Wednesday, November 18, 2020
► You’d think a global recession wouldn’t be the ideal time to hike up already pricey discretionary items… But that’s exactly what the European luxury goods industry did earlier this year: raise the prices of handbags that already cost $2,000 or more. While luxury companies aren’t always forthcoming in regards to these price increases, one […]

Tech's China Problem

By Berna Barshay

Empire Financial Daily,
Tuesday, November 17, 2020
► The climate for U.S. firms manufacturing in China has gotten decidedly more difficult over the last few years… Great attention has been paid in newspaper headlines and political debates to the tariff aspect of the U.S.-China trade war – as well as high-profile battles like the one surrounding TikTok. Yet one major aspect that […]

Reinventing Black Friday

By Berna Barshay

Empire Financial Daily,
Monday, November 16, 2020
► We’re approaching what is traditionally the start of the all-important holiday shopping season… I’m talking about Black Friday. Typically the busiest shopping day of the year, modern folklore asserts that the day after Thanksgiving got its name from being the day that retailers flipped from making losses – or operating “in the red” – […]

Why a Biden Victory Is a Huge Win for Crypto and Cannabis

By Teeka Tiwari

Empire Financial Daily,
Saturday, November 14, 2020
Editor’s note: In today’s Weekend Edition of Empire Financial Daily, we’re sharing an essay from our friend Teeka Tiwari over at our sister company, Palm Beach Research Group. Teeka was one of the first analysts in our industry to get his readers into cryptocurrencies. Longtime readers know we’re skeptical about “cryptos,” but the returns are […]

The Update Issue: Low Sports Ratings, Movie Delays, and Hard Seltzer

By Berna Barshay

Empire Financial Daily,
Friday, November 13, 2020
► No one really knows why sports ratings are down, but it’s a good bet that it’s not just about the ‘culture wars’… As I wrote about in yesterday’s Empire Financial Daily, the highly anticipated return of televised professional sports came not with a bang, but with more of a whimper… at least in terms […]

Everybody Wanted Sports Back... Then They Didn't Watch Them

By Berna Barshay

Empire Financial Daily,
Thursday, November 12, 2020
► Last week, Sinclair Broadcast Group (SBGI) took one of the quickest and most dramatic write-downs of an acquisition that I’ve ever seen… Last year, when Disney (DIS) bought the studio and select cable network assets of Fox (FOXA), one of the regulatory conditions of the sale was that the Regional Sports Networks (“RSNs”) that […]

Private Equity Runs on Dunkin'

By Berna Barshay

Empire Financial Daily,
Wednesday, November 11, 2020
► Late last month, private holding company Inspire Brands announced it had reached a deal to purchase Dunkin’ Brands (DNKN) for a whopping $11.3 billion… Following about a week of rumors and speculation, Inspire Brands announced on October 30 that it would acquire Dunkin’ for $106.50 per share, a 26% premium to its 20-day trading […]

The Battle for Breakfast

By Berna Barshay

Empire Financial Daily,
Tuesday, November 10, 2020
► Last year, every restaurant chain wanted a piece of the breakfast business… Fast-food companies had stars in their eyes as they contemplated serving breakfast. The meal was outgrowing the lunch and dinner business industrywide, as busy commuters and parents increasingly sought “grab and go” options that they could pick up on their way to […]

When We Can Go Back to the Office, Will We?

By Berna Barshay

Empire Financial Daily,
Monday, November 9, 2020
► With this morning’s promising news of a potentially 90% effective COVID19 vaccine from Pfizer (PFE), we’ve taken a big step toward knowing when we can return to normal… If the vaccine proves safe and as effective as studies indicate so far, office work as we knew it pre-pandemic could become a reality again by […]

Any Serious Biotech Investor Should Own This Type of Company

By Dave Lashmet

Empire Financial Daily,
Saturday, November 7, 2020
Editor’s note: Today, we’re featuring an essay from Dave Lashmet… He’s the resident biotech expert over at our corporate affiliate Stansberry Research, and he writes the excellent Stansberry Venture Technology newsletter. Dave is a scientist and a former professor, and he’s always on the lookout for the next breakthrough medicines that can save lives… as […]

The Update Issue: The Election and Your Money

By Berna Barshay

Empire Financial Daily,
Friday, November 6, 2020
► Uber (UBER) and Lyft (LYFT) sighed with relief as California’s Proposition 22 ballot measure passed with a comfortable margin… California voters handed the app-based ride-hailing companies a major victory when they voted 58% in favor of Prop 22. As I discussed on Monday, the ballot initiative exempts Uber and Lyft from having to bring […]

'Sweatpants Nation' Can't Save This Brand

By Berna Barshay

Empire Financial Daily,
Thursday, November 5, 2020
► It hasn’t been a good day for clothing company Hanesbrands (HBI)… HBI shares plunged around 20% today and turned yesterday’s 10% year-to-date gain into today’s 10% year-to-date decline… While Hanesbrands’ third-quarter earnings results were roughly in line with analyst expectations and revenue outperformed estimates by 9%, a disappointing outlook for the fourth quarter sent […]

Have We Found the New Wells Fargo?

By Alex Griese

Empire Financial Daily,
Wednesday, November 4, 2020
► Citigroup (C) is in regulatory hot water… In early October, federal regulators handed down a new consent order after years of pushing the company to prioritize overhauling its risk systems. The order landed the bank a $400 million fine and extensive new oversight and restrictions. Thanks to this regulatory blow and fine, combined with […]

How Retail Has Been Preparing for Election Day

By Berna Barshay

Empire Financial Daily,
Tuesday, November 3, 2020
► A funny thing happened on my way to go buy Halloween-themed hair accessories last week… That Sunday, I popped into my local Claire’s store – a chain that sells accessories, cosmetics, and toys to grade-school, tween, and teen girls – to pick up a birthday present. A couple of nights later, walking by around […]

The Races You Probably Haven't Heard of That Could Affect Your Portfolio

By Berna Barshay

Empire Financial Daily,
Monday, November 2, 2020
► With all eyes on the presidential election and the battle for the Senate, there’s been relatively little ink spilled on this year’s state ballot initiatives… During every election, some states will take issues right to the people and let them decide on laws directly, as opposed to through their elected state representatives. In a […]
Whitney Tilson

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About Berna

Berna Barshay is editor of Empire Financial Daily and a contributing editor to the Empire Stock Investor and Empire Investment Report newsletters.

She graduated cum laude from Princeton University and earned her MBA from Harvard Business School in 1997.

Following her graduation, Barshay spent 20 years on Wall Street. She began her career in equity derivatives at Goldman Sachs and later worked as a buy-side equity analyst at Sanford Bernstein, where she covered global consumer cyclicals and conglomerates.

Later, Barshay spent five years working as a portfolio manager of the Ingleside Select Fund, a long/short fund with a focus on value and event-driven stocks. She later was a portfolio manager at Swiss Re, where she managed the Consumer long/short book on the equity proprietary trading desk.

She has additional experience as a buy-side analyst at several long/short hedge funds – including Sky Zone Capital, Metropolitan Capital, Buckingham Capital, and LaGrange Capital – where she primarily covered consumer and technology, media, and Internet stocks in the U.S. and Europe, with some additional work in financials and energy.

Barshay is a fashion enthusiast, a pop culture addict, obsessive indoor cycler, and prolific social media user. She currently lives in New York with her husband, daughter, and three dogs.