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Why 'Average Folks' Could Be Getting Hit Hardest By Hertz Bankruptcy
Wednesday, March 3, 2021 - 2:54pm | 465Read More...Roughly nine months after the company officially filed for Chapter 11 bankruptcy, Hertz Global Holdings Inc (OTC:HTGZQ) announced a plan to re-emerge from bankruptcy this week. Like most bankruptcy restructuring plans, the news wasn't good for common stock shareholders, and former hedge fund...
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Why GameStop Stock Traders Should Beware The 'Law Of Twos And Threes'
Friday, February 26, 2021 - 6:31pm | 483Read More...GameStop Corp. (NYSE: GME) shares closed at $101.74 Friday after the stock surged from under $45 on Wednesday to as high as $184.68 on Thursday. Some traders may see the extreme volatility in GameStop as chaotic and unbelievable, but former hedge fund manager Whitney Tilson said Friday that...
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Tilson: Frothy Stock Market Could Still Be 'One To Two Years From The Top'
Wednesday, December 30, 2020 - 3:00pm | 456Read More...A growing number of investors and analysts are becoming concerned about the stock market’s steep valuations and the frothy trading in a number of tech stocks. Just because the market has a stretched valuation doesn’t mean it can’t go higher — and it doesn’t mean...
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Tilson: Avoid Bitcoin And 'Lead A Happier And More Prosperous Life'
Friday, December 18, 2020 - 2:35pm | 443Read More...Bitcoin prices pulled back from their all-time highs above $23,000 on Friday, but the Grayscale Bitcoin Trust (OTC: GBTC) traded higher by 1.7% on investor optimism that the huge 2020 bitcoin rally will spill over into 2021. Former hedge fund manager Whitney Tilson predicted the bursting of the...
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EV Stocks Continue Rally As Short Sellers Question Valuations
Monday, November 23, 2020 - 4:07pm | 597Read More...Electric vehicle stocks were outperforming the broader market Monday. The gains are being led by U.S.-listed, China-based EV manufacturers Nio Inc – ADR (NYSE: NIO), Xpeng Inc – ADR (NYSE: XPEV) and Li Auto Inc. (NASDAQ: LI). Nio Recovers From Citron Crash: Nio shares, which...
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Nikola Lock-Up Expiration Could Be A Ticking Timebomb
Wednesday, October 14, 2020 - 1:20pm | 433Read More...Nikola Corporation (NASDAQ: NKLA) shares have stabilized somewhat in the past two weeks following a major September swoon. A Hindenburg Research report accusing Nikola of being “an intricate fraud built on dozens of lies” and the resignation of chairman Trevor Milton triggered the sell-...
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Experts React To Nikola Sell-Off: 'It's Not Too Late To Get Out'
Wednesday, September 23, 2020 - 11:29am | 543Read More...An extremely difficult week for Nikola Corporation (NASDAQ: NKLA) investors became even worse Wednesday, with the stock down more than 10% midday. The move comes after co-founder Trevor Milton stepped down from his role as chairman earlier this week following accusations by short seller Hindenburg...
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Tilson Says Nikola's Trevor Milton Will Land 'Behind Bars For Securities Fraud'
Wednesday, September 16, 2020 - 1:36pm | 737Read More...Nikola 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...
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Why It's Unlikely Warren Buffett Is Actually Investing In Snowflake
Sunday, September 13, 2020 - 8:30am | 577Read More...Legendary 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...
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Is Buffett Selling Banks, Buying Gold A Warning Sign For Investors?
Tuesday, August 18, 2020 - 10:40am | 680Read More...Berkshire 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...
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The Next Wirecard? 20 Things To Watch For To Spot A Massive Market Fraud
Friday, July 3, 2020 - 8:51am | 636Read More...German 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...
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Could Collateralized Loan Obligations Trigger The Next Financial Crisis?
Sunday, June 28, 2020 - 7:20pm | 762Read More...One 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...
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Dave Portnoy Trades And Entertains, But Whitney Tilson Says He's Reminiscent Of The 'Proverbial Shoeshine Boy'
Saturday, June 13, 2020 - 8:22am | 834Read More...Dave 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...
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Hertz, Chesapeake Energy Leading The 'Bankruptcy Bubble'
Tuesday, June 9, 2020 - 3:10pm | 651Read More...Stocks 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...
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4 Reasons Investors Should Prepare For 'Liberal Landslide' In November
Monday, May 18, 2020 - 2:22pm | 659Read More...The 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...
