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Market Wrap For March 14: Ukraine Tension Drag Markets Lower
Friday, March 14, 2014 - 5:17pm | 2348Read More...U.S. stocks declined as concerns escalated over Ukraine, two days before its citizens will vote in a referendum to split from Ukraine and become part of Russia. Russian President Vladimir Putin is gearing up to “invade eastern Ukraine” as a six hour talk between U.S. Secretary of State John...
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Market Wrap For February 14: Markets End The Week Positive
Friday, February 14, 2014 - 5:50pm | 2701Read More...U.S. stocks rose on Friday as investors were able to overlook some disappointing economic data as a result of cold weather. Major indices showed signs of strength today as the Nasdaq continues to inch towards historical all time highs of 5,135.52 recorded on March 10,2000. Today, the index hit...
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Bill Ackman Stands Firm, Noting, "Enron Also Had Audited Financial Statements"
Wednesday, December 18, 2013 - 10:38am | 560Read More...In late December 2012, hedge fund manager, Bill Ackman gave a 342 slide presentation explaining why he thought MLM company, Herbalife (NYSE: HLF), was an illegal pyramid scheme and why he had taken at least a 20 million share short position. Despite losing as much as $500 million over the past...
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Market Wrap For November 4: Economy Is Steady, Tapering Could Be Around The Corner
Wednesday, December 4, 2013 - 6:16pm | 2104Read More...Stock futures declined before the equity markets opened after the ADP employment report showed a higher than expected 215,000 jobs were added during the month of November. Investors and traders were spooked by the report that solidifies the Fed's case to begin tapering. Traders and investors...
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J.C. Penney Bulls: You Won't Like This
Tuesday, August 20, 2013 - 6:29pm | 604Read More...The miserable second-quarter release put out by struggling retailer J.C. Penney (NYSE: JCP) this morning wasn't exactly a surprise, but the sheer size of the miss has bears licking their chops. J.C. Penney reported a loss of $2.16 per share, missing earnings estimates by over 103, while also...
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Another Hedge Fund Manager Adds JC Penney
Tuesday, August 20, 2013 - 2:21pm | 353Read More...Following a trend of hedge funds adding JC Penney (NYSE: JCP) to their portfolios, Bloomberg reported that hedge fund manager Kyle Bass entered a long position in the company by buying their debt. This announcement came several hours before the company announced its earnings. Despite top and...
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Kyle Bass on Herbalife: I Would Never Bet Against Dan Loeb
Friday, February 1, 2013 - 12:30pm | 159Read More...Hedge fund manager Kyle Bass, known for his bet against U.S. subprime and his prescient prediction on the European debt market, told CNBC's Gary Kaminsky on Friday that he would "never bet against Dan Loeb." Loeb, the fund manager of Third Point, has an 8.2 percent stake in multi-level marketing...
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Kyle Bass: Investors Buying Japanese Stocks are Picking Up Dimes in Front of a Bulldozer
Friday, January 18, 2013 - 4:28pm | 413Read More...Hayman Capital's Kyle Bass spoke with CNBC's David Faber on Friday about his outlook for a number of markets and how his hedge fund is positioned. Bass was particularly adamant about Japan's disastrous fiscal situation and his belief that the Japanese yen and bond market is headed for a...
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Kyle Bass: This Ends in War
Thursday, December 27, 2012 - 3:53pm | 553Read More...Kyle Bass is no stranger to provocative statements. Last year, in a speech given at AmeriCatalyst, Bass expounded on his short yen thesis, a trading idea he had held for some time, but one that has not, at least until now, appeared to have gone his way. With the yen continuing to plummet following...
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Not Rising: Short Japan With These ETFs (EWJ, AAXJ, FXY)
Thursday, March 1, 2012 - 5:28pm | 614Read More...The Japanese economy, the world's third-largest behind the U.S. and China, showed a smaller-than-expected fourth-quarter GDP contraction. Capital spending actually rose 4.9% and Japan's economy looks to be getting a lift from a weaker yen and reconstruction efforts following last year's tragic...
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Pain Ahead: 3 Predictions For 2012
Friday, December 23, 2011 - 4:51pm | 778Read More...Europe Will Experience Hard Defaults - While the market is not currently anticipating hard defaults in the Eurozone, some of the world's top investors are predicting just that outcome. Specifically, Greece will default in the early part of the year and this could set off a "cluster" of sovereign...
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Is Japan Next?
Friday, December 2, 2011 - 4:03pm | 520Read More...As the debt crisis in Europe has exacerbated in severity, speculation has grown that Japan could soon find itself in the same situation as the indebted euro nations. That is, facing extraordinary interest rates and the prospect of default. Kyle Bass of Hayman Capital has spearheaded this thesis,...
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Buffett vs the Japan Bears
Monday, November 21, 2011 - 2:01pm | 596Read More...On Monday, Warren Buffett announced that he was bullish on Japan, noting that the recent scandal involving Olympus had done little to shake his confidence in the country's economy. Yet, is Buffett losing his touch? Bloomberg reported on Monday that Japanese exports declined for the first time in...
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MGIC Investment Adding On To Gains As Bass Takes Stake
Monday, November 7, 2011 - 4:23pm | 104Read More...MGIC Investment Corp. (NYSE: MTG) shares are spiking on news from the Wall Street Journal that notoriously bearish hedge fund manager Kyle Bass has purchased a 4.9% stake in the company. Bass, of Hayman Advisors, said that the losses of the U.S. housing market are largely past them. The news...
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MGIC Investment Corp. Spikes On Comments From Kyle Bass
Monday, November 7, 2011 - 4:05pm | 89Read More...Shares of MGIC Investment Corp. (NYSE: MTG) are spiking on Monday after hedge fund manager Kyle Bass said that they appear undervalued. The stock has gained 10.55% to $2.84. Bass famously bet against he mortgage market prior to the collapse at his hedge fund Hayman Capital, but now it appears that...
