Monday, May 16, 2022
By Keith Kaplan
Since the start of the New Year, up-and-coming growth stocks like Affirm (AFRM), Roblox (RBLX), and Shopify (SHOP) are down more than 50%... So-called "must own" tech stalwarts like Netflix (NFLX) and Meta Platforms (FB) have suffered 35% haircuts from the start of the year. When it comes to wealth building, we all know that […]
Saturday, May 14, 2022
By Keith Kaplan
Editor's note: In today's Weekend Edition of Empire Financial Daily, we're sharing insights from our friend and colleague Keith Kaplan, the CEO of our corporate affiliate TradeSmith... At TradeSmith, Keith uses his more than two decades of experience as a software architect and cloud engineer to leverage the power of software for everyday investors. TradeSmith […]
Friday, May 13, 2022
By Herb Greenberg
Here's something that somehow fell through the holes of grabbing headlines, but shows just how desperate some companies are to 'make' their numbers... It all has to do with something at quarter-end that was called "the art of the close" at Rollins (ROL), which owns the Orkin exterminating company. And it's everything you hear about […]
Thursday, May 12, 2022
By Bryan Beach
Raising money for an unknown purpose isn't exactly an easy sell... As I explained yesterday, 19th-century industry titan Henry Villard was only able to pull it off because he spent years establishing a reputation as a rainmaker... and people were lining up to invest alongside him. That's how Villard established the first of what would […]
Wednesday, May 11, 2022
By Bryan Beach
Editor's note: Here at Empire Financial Research, Enrique Abeyta has been notoriously bullish on special purpose acquisition companies ("SPACs")... even amid the recent carnage. As the more questionable SPACs have gone bust, Enrique says that the opportunity in the sector has actually grown. And he isn't the only one who's bullish... Over at our corporate […]
Tuesday, May 10, 2022
By Herb Greenberg
The tale of this stock is also a tale of this market, filled with irony and luck... I call it the "Tale of the TUP"... I'm talking about Tupperware Brands (TUP), the company whose iconic brand has become the Kleenex of plastic storage containers. Last week, Tupperware reported extremely disappointing first-quarter results – so bad […]
Monday, May 9, 2022
By Whitney Tilson
On Saturday, I shared three important lessons that I've learned from more than two decades on Wall Street... These are: Beware of speculating, avoid the hottest sectors, and think independently. Let your winners run. Tune out the noise and focus on fundamentals. And in today's essay, I'd like to share four more lessons you can […]
Saturday, May 7, 2022
By Whitney Tilson
For the first dozen years of running my own hedge fund, I crushed the market – nearly tripling my investors' money in a flat market... Along the way, my assets under management grew from $1 million to $200 million. And I made a lot of money for myself. I don't tell you this to brag. […]
Friday, May 6, 2022
By Herb Greenberg
One hallmark of the past (fill in the blank) years is that some investors only know a world in which stocks go straight up... And that every dip is a buying opportunity in every stock. It goes for private companies, too – perhaps especially private companies, with so many born-in-a-bull-market entrepreneurs confusing brains with a […]
Thursday, May 5, 2022
By Berna Barshay
Shares of ride-hailing app Lyft (LYFT) plunged 30% yesterday on a disappointing earnings report... LYFT shares are now trading at a level only before seen during the COVID-19-induced crash of March 2020 and are trading at a fraction of the 2019 initial public offering ("IPO") price of $72... This was the worst one-day drop ever […]
Wednesday, May 4, 2022
By Berna Barshay
I finally made it to Value Investing Woodstock... aka Nerdchella... aka the Berkshire Hathaway (BRK-B) annual meeting in Omaha... I have been meaning to experience this meeting for at least 20 years, but something always got in the way. Late April/early May is a busy time of year – when I was younger, it was […]
Tuesday, May 3, 2022
By Herb Greenberg
Warren Buffett stated the obvious at Berkshire Hathaway's (BRK-B) annual meeting over the weekend when he said the markets have become a 'gambling parlor'... The reality is, they've always been. After all, the saying "play the market" has been around forever... It's Wall Street's version of "playing the ponies." The difference this time was the […]
Monday, May 2, 2022
By Enrique Abeyta
Would you pay $450,000 to be neighbors with a celebrity? And that's not all... What if it was to be a digital neighbor? Well, that's how much one person spent to own a plot of virtual land next to rapper Snoop Dogg's "house" in a digitally created space back in early December. The headline-grabbing amount […]