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Short Seller Andrew Left Targets MicroStrategy Stock As Hedge Against Bullish Bitcoin Bet: 'Completely Detached From BTC Fundamentals'
Thursday, November 21, 2024 - 12:55pm | 523Citron Research’s Andrew Left believes the run in shares of MicroStrategy Inc (NASDAQ:MSTR) is not going to end well in the near term, and he’s putting his money where his mouth is. What To Know: Left on Thursday announced a new short position in software firm turned Bitcoin (CRYPTO:...
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Cannabis ETF Gains Momentum, Rising Over 8% As DEA Rescheduling Rumors Intensify (UPDATED)
Friday, March 15, 2024 - 11:58am | 1262Editor’s Note: This article has been updated to include a tweet from AdvisorShares Pure US Cannabis ETF (MSOS). The cannabis industry seems to be sharing collective hopes Friday that this time the rumors of federal rescheduling are true, which has got weed stocks hitting the roof with...
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How Elon Musk May Have Just Reignited His War With The SEC
Thursday, April 7, 2022 - 4:39pm | 876The latest clash in the long history of drama between Tesla Inc (NASDAQ: TSLA) CEO Elon Musk and the U.S. Securities and Exchange Commision may soon play out over Musk's recent investment in Twitter Inc (NYSE: TWTR). Filing Error? On Monday morning, Musk disclosed a 9.2% stake in Twitter via a...
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Elon Musk's Twitter Stake Sends Stock On Relentless Move Higher: Is Activist Investing Next?
Monday, April 4, 2022 - 3:17pm | 654As traders saw Monday in the premarket price action and strong follow in shares of Twitter Inc. (NYSE: TWTR), SEC filings can have a major impact on price action. With respect to a new stake by Elon Musk of 9.8% in the social media stock, investors are trying to anticipate his next move with the...
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Why This Investor Is Betting Against Donald Trump, Cathie Wood And Elon Musk Right Now
Monday, April 4, 2022 - 12:30pm | 925Just a few days into April, a popular investor known for sharing his short ideas has already taken on Donald Trump, Cathie Wood and now Elon Musk with short bets and callouts. What Happened: Seabreeze Partners Manager and Real Money Pro Contributor Doug Kass announced Monday morning...
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Whitney Tilson Names Cannabis ETF 'Favorite Pick For 2022' But Clock Is Ticking To Change US Regulations
Monday, January 3, 2022 - 4:27pm | 574It was another brutal year for cannabis stock investors in 2021 as the U.S. made very little regulatory progress on cannabis reform measures. Fortunately for cannabis stock investors, former hedge fund manager Whitney Tilson says he has high hopes for cannabis stocks in 2022. Tilson’s Take:...
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Why Doug Kass Says ARK Invest Unwind A 'Bona Fide Market Risk Now'
Tuesday, February 23, 2021 - 4:24pm | 630Growth stocks got crushed in early trading on Tuesday, sending shares of the ARK Innovation ETF (NYSE: ARKK) down nearly 12% at one point before the market stabilized. Yet the ARKK fund is now down more than 14% from its February high in less than two weeks, and Seabreeze Partners Management...
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Analyst: S&P Passed On Tesla Because It's 'Profoundly Overvalued'
Thursday, September 10, 2020 - 1:30pm | 569Tesla Inc (NASDAQ: TSLA) shares recovered more of their losses on Thursday after the stock logged its worst day in history to open the week. Tesla shares dropped more than 21% on Tuesday due to S&P passing on including Tesla in the S&P 500 index, a decision that has triggered mixed...
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'Nothing Short Of Stupid,' Hedge Fund Manager Says Of Post-Split Gains In Apple And Tesla
Tuesday, September 1, 2020 - 1:40pm | 569Apple Inc. (NASDAQ: AAPL) shares are up 6.1% and Tesla Inc (NASDAQ: TSLA) shares have gained 10% this week after both companies implemented stock splits starting on Monday. The big post-split gains have many market experts scratching their heads, especially considering investors have known the...
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Is Tesla Stock The 'Largest Single Bubble' In History?
Wednesday, August 26, 2020 - 6:00pm | 741Tesla Inc (NASDAQ: TSLA) gained another 6.4% to hit new all-time highs on Wednesday, once again without any major news from the company. Tesla has plenty of skeptics with the stock up 900% in the past year despite reporting a 4.9% drop in revenue last quarter. Seabreeze Partners Management...
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Is Now The Time To Short Tesla's Stock?
Friday, July 24, 2020 - 1:35pm | 486Tesla Inc (NASDAQ: TSLA) shares took another big hit on Friday and are now down 9.8% since the company reported second-quarter earnings on Wednesday. The sell-off has eased some pressure of a short squeeze in the stock that has endured throughout 2020, and some traders are speculating now may...
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13 Reasons COVID-19 Could Weigh On The Stock Market 'For Several Years'
Wednesday, July 8, 2020 - 4:30pm | 623The SPDR S&P 500 ETF Trust (NYSE: SPY) has come roaring back in recent months, gaining more than 40% from its March lows on expectations that the economy will bounce back from the COVID-19 shutdowns in the second half of 2020 and into 2021. Unfortunately for investors, Seabreeze Partners...
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Teslamania Runs Wild! Now What?
Thursday, February 6, 2020 - 4:01pm | 1276Tesla Inc (NASDAQ: TSLA) has been running in insanity mode this week. Shares dropped more than 17% on Wednesday, the stock’s second worst day in history. The sell-off came just two days after the stock hit an all-time intra-day high of $961.86 and gained 19.9%, its single best day in more...
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It Looks Like Somebody Is Slowly Accumulating A Massive Stake In CSX
Thursday, January 19, 2017 - 11:14am | 755Traders watching CSX Corporation (NASDAQ: CSX) in Wednesday’s after-hours session and Thursday’s premarket have been in for a crazy ride. Shares of the railroad company are up more than 20 percent to $43 Thursday morning, and the dramatic overnight move has many scratching their...
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Caterpillar CEO Comes Under Fire Amid Reductions, Tough Industrial Markets
Wednesday, July 27, 2016 - 3:53pm | 345Caterpillar Inc. (NYSE: CAT) shares are up more than 5 percent this week after the company slashed its full-year guidance and announced yet another round of job cuts. Caterpillar is now expecting to earn $3.55 per share in 2016 compared to previous guidance of $3.70. Doug Kass, president of...