-
Tilson Says Nikola's Trevor Milton Will Land 'Behind Bars For Securities Fraud'
Wednesday, September 16, 2020 - 2:36pm | 737Nikola Corporation (NASDAQ: NKLA) were trading slightly higher Wednesday afternoon during another volatile trading day following allegations of fraud by short seller Hindenburg Research last week. Nikola bulls are hoping the share price has found support following news that both the SEC and the...
-
Why It's Unlikely Warren Buffett Is Actually Investing In Snowflake
Sunday, September 13, 2020 - 9:30am | 577Legendary Wall Street investor Warren Buffett has long been skeptical of big-name IPOs. That's why some Buffett followers were surprised to see Buffett’s Berkshire Hathaway Inc (NYSE: BRK-A) (NYSE: BRK-B) invest $550 million in the upcoming Snowflake IPO. However, experts familiar with...
-
Is Buffett Selling Banks, Buying Gold A Warning Sign For Investors?
Tuesday, August 18, 2020 - 11:40am | 680Berkshire Hathaway Inc. (NYSE: BRK-A) (NYSE: BRK-B) CEO Warren Buffett has always been a huge fan of bank stocks and a vocal critic of gold. Berkshire’s latest 13F filing revealed that Buffett spent the second quarter selling bank stocks like Wells Fargo & Co (NYSE: WFC) and JPMorgan...
-
The Next Wirecard? 20 Things To Watch For To Spot A Massive Market Fraud
Friday, July 3, 2020 - 9:51am | 636German payments processor WIRECARD AG/ADR (OTC: WCAGY) has been one of the biggest investment disasters and potentially biggest financial frauds in recent history after the company revealed that more than $2.1 billion in cash had gone missing from its accounts. One of the few firms that saw the...
-
Could Collateralized Loan Obligations Trigger The Next Financial Crisis?
Sunday, June 28, 2020 - 8:20pm | 762One of the silver linings of the 2020 economic downturn is that so far, unlike in 2008, the global financial system does not appear to be in immediate danger. However, in his daily newsletter last week, Whitney Tilson said there's something threatening the stability of global banks in 2020 as...
-
Dave Portnoy Trades And Entertains, But Whitney Tilson Says He's Reminiscent Of The 'Proverbial Shoeshine Boy'
Saturday, June 13, 2020 - 9:22am | 834Dave Portnoy, the founder of the hugely popular sports and pop culture website Barstool Sports, has turned his attention to the stock market since the cancellation of major sporting events. Portnoy has had success up to this point with his somewhat tongue-in-cheek daily “Davey Day...
-
Hertz, Chesapeake Energy Leading The 'Bankruptcy Bubble'
Tuesday, June 9, 2020 - 4:10pm | 651Stocks that have declared bankruptcy or are on the brink of bankruptcy have been among the best market performers in the past week. In his daily newsletter on Tuesday, Whitney Tilson warned investors of the seemingly obvious danger of buying shares of bankrupt companies. A Bankruptcy Example: While...
-
4 Reasons Investors Should Prepare For 'Liberal Landslide' In November
Monday, May 18, 2020 - 3:22pm | 659The Nov. 3 U.S. presidential election has the potential to be the biggest stock market catalyst of the year. The latest numbers from online prediction market PredictIt suggest Democrats have a 52% chance of capturing the White House from President Donald Trump, but former hedge fund manager...
-
Why Whitney Tilson Is Selling Stocks: 'We're In An Enormous Hole'
Tuesday, May 12, 2020 - 2:30pm | 508The SPDR S&P 500 ETF Trust (NYSE: SPY) has rallied more than 30% off its March lows. But given the fact that the U.S. economy continues to hemorrhage jobs at an unprecedented level, there are a growing number of market experts that believe the recent surge in stock prices may be a bear market...
-
One-Year Anniversary Of Whitney Tilson's $100 Tesla Call
Tuesday, March 10, 2020 - 11:01am | 481A little over a year ago, on March 4, 2019, Whitney Tilson made a very bold call on Tesla Inc (NASDAQ: TSLA). At the time, Tesla shares were trading at around $295, but Tilson predicted that by the end of the year they would be below $100. Instead, one year later, they have more than doubled since...
-
Citron Research Says Tesla Shares Are Doing 'Too Much Too Fast'
Friday, December 27, 2019 - 2:46pm | 531Tesla Inc (NASDAQ: TSLA) has been one of the biggest market winners of the second half of 2019. On Friday, Citron’s Andrew Left said the stock may run out of gas in the near future. The short seller, who has taken both sides of the Tesla trade in recent years, said on Twitter Tesla’s 96...
-
Will Cannabis Stocks Bounce Back In 2020?
Monday, December 23, 2019 - 5:21pm | 1002It has been a brutal year for cannabis investors. Heading into 2020, cannabis investors are now weighing whether to cut their losses or buy the dip in a bet on a rebound ahead. Alan Brochstein, author of the 420 Investor and founding partner of New Cannabis Ventures, recently discussed his outlook...
-
Tilson: PayPal's 'Highly Deceptive Practices' Could Be Grounds For Class Action Lawsuit
Saturday, December 7, 2019 - 9:29am | 656Former Kase Capital Management hedge fund manager Whitney Tilson called out Paypal Holdings Inc (NASDAQ: PYPL) this week for practices that he said could leave the company vulnerable to a class action lawsuit. When recently using the payment app to send funds to a friend, Tilson said he came across...
-
Uber Is Still Whitney Tilson's Favorite Short Idea
Wednesday, November 6, 2019 - 12:50pm | 603Uber Technologies Inc (NYSE: UBER) investors are taking another big hit on Wednesday, with the stock dropping more than 4% to new all-time lows as insiders dump shares following the company’s first major lockup expiration since its IPO. Uber shares are now down more than 21% since Whitney...
-
Whitney Tilson Loses Tesla Bet With Andrew Left, Will Donate $15K To Charities
Friday, October 25, 2019 - 3:43pm | 510Seven months after Tesla bear and former Kase Capital Management hedge fund manager Whitney Tilson said Tesla Inc (NASDAQ: TSLA) would not be profitable in any quarter of 2019, his misfire is costing him $15,000. Back in March, Tilson bet Citron Research founder Andrew Left and a group of other...