Burry, of "The Big Short" fame, had GameStop as his biggest holding in June when the stock was at only $4. Company Board member Stuart Lasher bought 25,000 shares of NOG just a few days after the public stock offering was announced. See Also: How To Buy Coca-Cola Stock. On Thursday, Luckin published an internal investigation, revealing its COO fabricated 2019 sales by about $310 million. MARKETWATCH PREMIUM How high is high, when it comes to dividend yields? It is very important to do your own analysis before making any investment. Being responsible to shareholders and Boards of Directors for company profits, these insiders cannot use their inside knowledge for selfish purposes. Which means that following their stock trades, especially of their own companies, can be a viable investment strategy. Carson Block said his Muddy Waters Capital “massively reduced” its short positions in recent days, mostly avoiding the buying frenzy that has burned at least two other hedge funds. Tesla CEO Elon Musk was involved in another Twitter storm overnight, tweeting that Bitcoin is “almost as BS as fiat money” in spite of Tesla’s recent $1.5 billion investment. 5: DistributionNOW, $10,770,000 In Common Stock NOW Inc (NYSE: DNOW) is an energy company located in Houston, Texas. The company has been seeing a dropoff in revenues over the past two years. CitiGroup’s stock hasn’t moved much throughout the last six months, but Burry is betting it will with these $33 million in call options. Shares of eHealth fell more than 15% in Wednesday's premarket trading after Block's disclosure. Carson Block Defends Short Selling, Says He's "Not Part Of The Establishment" Days after prolific short seller Andrew Left called it quits to focus on long-only research, another well known name in the industry, Carson Block, is stepping in to defend short selling. But he said the Reddit-fueled attacks on funds that shorted GameStop Corp., including Melvin Capital Management and Citron Research, are like nothing he’s seen before. The second move was announced on February 8 – an offering of senior notes at 8.125%, due in 2028. The Q3 results were also a company record, with a free cash flow of $1.3 billion. Oracle Is Turning Into a Cloud Giant. Carson Block said his Muddy Waters Capital “massively reduced” its short positions in recent days, mostly avoiding the buying frenzy that has … That exchange-traded fund is managed by Cathie Wood, who rocketed to star status in Reddit forums and on Twitter after becoming one of the best-performing investors of 2020. The precious metal is the traditional safe haven investment, backed by its use – starting 5,000 years ago – as a reliable store of value. 61. After 7 years without dividend payments, Kinross used its strong performance in recent months to restore the company dividend. You want $100,000 of yearly retirement income, including Social Security. Previously, WallStreetBets targeted heavily shorted stocks such as GameStop and AMC Entertainment Holdings Inc (NYSE: AMC). Investors looking to protect their portfolio and secure their wealth traditionally bought heavily into gold, and the price of gold has sometimes been used as a proxy (albeit an inverse one) for general economic health. Burry bought more than $330,000 in call options on the investment firm. Carson Block thinks that investing sentiment is reaching ludicrous levels — and that could eventually fracture a market that he views as fragile. Activist short-seller Carson Block, the founder of Muddy Waters Research, says the "markets are broken," and it's causing investors who traditionally focus on the fundamentals to have to trade on the technicals. (To watch Langton’s track record, click here) Kinross gets a Strong Buy recommendation from the analyst consensus, based on a 6 to 2 split between the Buy and Hold reviews. The only remaining question is, invest in what? Carson Block, the founder of Muddy Waters Capital, likes to talk about what a screwed up year 2020 was — on many levels. This year, NOG has made two moves to increase its operating capital. (Bloomberg) -- When the Texas power grid was on the brink of collapse and its operator plunged thousands into darkness, it didn’t make an exception for the oil and gas field.Power was, unsurprisingly, diverted to hospitals and nursing homes. (To watch Renza’s track record, click here) Turning now to the rest of the Street, other analysts also like what they’re seeing. The bottom line? 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Last November, the company announced that it will be initiating a dividend policy starting in 1Q21. Activist short seller Carson Block, known for his bets against companies including Sino-Forest Corp., names Vancouver-based miner as latest target. Block reminded Bloomberg on Monday that his firm works to uncover fraud… Interview/Profile. NOG owns a large acreage footprint in the region, holding title to the lands on which developers will drill and complete oil and gas wells. Let’s talk about gold. The content is intended to be used for informational purposes only. (See SSRM stock analysis on TipRanks) Newmont Mining (NEM) Last on the list, Newmont, is the world’s largest gold miner, boasting a $45.78 billion market cap, and active production in a variety of metals, including gold, silver, copper, zinc, and lead. (To watch Langton’s track record, click here) There are 8 recent reviews on SSRM shares – and every single one of them is a Buy, making the Strong Buy analyst consensus rating here unanimous. The most recent quarter reported, fiscal 3Q21, showed $4.29 billion at the top line, falling 14.6% year over year. Fourth quarter production was 39% of the total. We want to hear from you. This past January, Newmont announced a $1 billion continuation of the share repurchases. In recent days, Muddy Waters also largely withdrew from a short bet on Nano-X Imaging Ltd. after the stock was added to the ARK Israel Innovation ETF. The Nasdaq-listed stock tanked by more than 75% that day. Over the last week I have been trimming back my positions selling stock and taking out my callers and putters. Calix follows a subscription model, offering cloud software, systems, platforms, services, and solutions to the communications industry. Here’s How We Know. — Elon Musk (@elonmusk) February 19, 2021 Reflecting on his personal stance, Musk noted he is an "engineer" and not an "investor." I don’t even own any publicly traded stock besides Tesla. No. Is Nvidia stock a good buy now? 3: Kraft Heinz Co., $20,439,000 In Call Options (Notional Value) Burry bought $204,390 in call options on Kraft Heinz Co (NASDAQ: KHC) that could be worth more than $20 million if executed. Carson Block, the activist short-seller famous for targeting Chinese frauds, recognises familiar behaviour in the rally of shares such as GameStop. Block’s route to short selling was a circuitous one. Block began scaling back its positions about two weeks ago, when he recognized that a squeeze might be building in one of his shorts, GSX Techedu Inc., a Chinese maker of education software that Melvin also bet against. The move into the Marcellus gas play underpins management's aptitude to focus on generating the best economic returns…” Hanold rates NOG an Outperform (i.e. In terms of customer focus, we note that revenue in the quarter increased 3.1% q/q and 1.7%... the second quarter in a row of sequential improvement…” Perlin went on to list several reasons for his bullish thesis: “1) management succeeding on its strategic plan and achieving its FY22 targets; 2) DXC evolving into an at-scale digital / new technology player, which should help offset declines in traditional solutions; and 3) valuation is attractive relative to peers, especially given potential upside to synergy targets.” Perlin uses these comments to support an Outperform (i.e. 5-star analyst Paul Silverstein, of Cowen, notes that Calix has adopted an age-old strategy for beating the forecasts: “4Q20 fuels our view that near- and long-term earnings power and cash flow continue to be significantly greater than what Street has modeled… we respectfully note that CALX has established a clear pattern of appropriately and admirably taking a highly conservative stance as to risk assessment and, concomitantly, under-promising and over-delivering.” Silverstein clearly likes Calix’s approach, and he rates the stock an Outperform (i.e. (To watch Perlin’s track record, click here) The Wall Street analysts are taking a range of views on this stock, as shown by the 10 recent reviews – which include 4 Buys and 6 Holds. ... referring to the short positions … Here's why gas prices are rising — and how high they're likely to go, J.P. Morgan Says These 3 Gold Stocks Could Surge 40% (Or More), One of Bitcoin's biggest strengths could also present its biggest risk, Elon Musk On Why Tesla Invested in Bitcoin, Not Dogecoin, These ETFs can give you high dividend yields with relatively low risk. “We can confirm that The Coca-Cola Company has filed a pre-acquisition notification with the Federal Trade Commission (FTC) relating to its intent to acquire a controlling interest in BodyArmor,” Coke told BevNET. The content is intended to be used for informational purposes only. Subscribe now to stay ahead with the most trusted business news source. With this in mind, we used TipRanks’ database to find compelling penny stocks with bargain price tags. Carson Block Defends Short Selling, Says He’s “Not Part Of The Establishment” Days after prolific short seller Andrew Left called it quits to focus on long-only research, another well known name in the industry, Carson Block, is stepping in to defend short selling. The stock is selling for $15.25, and its robust $28.78 average price target suggests a high 89% one-year upside. (See NOG stock analysis on TipRanks) To find good ideas for stocks trading at attractive valuations, visit TipRanks’ Best Stocks to Buy, a newly launched tool that unites all of TipRanks’ equity insights. Got a confidential news tip? KO Price Action: Shares of Coca-Cola were trading down 0.27% at $50.60 at last check Friday. The current high prices bode well for producers. That doesn’t leave much room for error. Coke has a 52-week high of $60 and a 52-week low of $36.27. Two sets of statistics highlight Kinross’ profitability. Apple (AAPL) stock fell through the 50-day moving average this week, confirming January's failed breakout. (To watch Silverstein’s track record, click here) What does the rest of the Street think? With a return potential of 342%, the stock’s consensus price target stands at $16.67. 'Highly likely to end up a zero': Asanko Gold halted after Muddy Waters announces short position. It can be said BodyArmor is a direct competitor to Coke’s popular electrolyte sports drink Powerade. BTC hit an all-time high of $51,335.23 on Wednesday buoyed by Tesla’s purchase of the cryptocurrency and heightened institutional interest from other investors like MicroStrategy Incorporated (NASDAQ: MSTR). Kraft Heinz Company is of course a staple consumer goods company in the United States, producing hundreds of household products. Calix’s products give the customers real-time data and data insights into their end-users, allowing them to more efficiently monetize their business and customer interactions. According to analysis from short selling research firm Breakout Point, the funds just took out even bigger short positions than Block's, betting that Solutions 30 has much further to fall yet. Carson Block thinks that investing sentiment is reaching ludicrous levels — and that could eventually fracture a market that he views as fragile. The Wall Street Journal's Markets page provides short-sale info on U.S. stocks . Bitcoin is almost as bs as fiat money. Photo by Norbert Nagel via Wikimedia. A Giant Flaw in the Texas Blackout: It Cut Power to Gas Supplies, Best Dow Jones Stocks To Buy And Watch In February 2021: Apple Triggers Sell Signal. … Disclaimer: The opinions expressed in this article are solely those of the featured analysts. Cohen has notched a paper profit of roughly $500 million. All rights reserved. At $8.67, the average price target indicates ~134% upside potential. "From a legal perspective it's not a fraud. Carson the short seller wants me to panic, sell off so he can profit from my stupidity, on companies that rightly or wrongly may continue to rise in price I notice FT and Bloomberg say that CB/Muddy Waters were moving quickly to cut back negative bets on other companies in light of the gamestop saga. Tech Valuations Are Getting Scary. Short seller Carson Block, who runs Muddy Waters, announced a short position in the firm Thursday, and said its life-insurance subsidiary just concluded a trial with a hedge fund that could lead to billions in losses. The trial showed a statistically significant cough count reduction in patients with a higher baseline count. The clinical trials enrolled 574 and 535 patients, respectively, and used doses of 100mg or 200mg to treat heavy menstrual bleeding associated with uterine fibroids. In addition, the $37.40 average price target indicates a modest upside from current levels. (Bloomberg) --Carson Block is having an unusually tough time betting against Chinese stocks. However, earnings, at $4.29, were far stronger than the 80-cent and 96-cent losses reported in the previous two quarters. Intellectually, it's fraudulent.". Activist short-seller Carson Block, the founder of Muddy Waters Research, argues that short-sellers have “been a gift to long buyers.” “[Because] if you're long a stock and you lend it out, you get some interest expense. Coca-Cola Co's (NYSE: KO)'s dividend got a little sweeter Thursday. (See NEM stock analysis on TipRanks) To find good ideas for gold stocks trading at attractive valuations, visit TipRanks’ Best Stocks to Buy, a newly launched tool that unites all of TipRanks’ equity insights. (See CALX stock analysis on TipRanks) DXC Technology Company (DXC) Founded in 2017, in part as a spin-off from Hewlett Packard Enterprises, DXC is a leader in the business-to-business (B2B) IT field. To make that search easier, the TipRanks Insiders’ Hot Stocks tool gets the footwork started – identifying stocks that have seen informative moves by insiders, highlighting several common strategies used by the insiders, and collecting the data all in one place. Why It Matters: The selloff has attracted the attention of the online crowd who are further enthused by the loose association with Tesla Inc (NASDAQ: TSLA) CEO Elon Musk — who was a former business partner of Thiel, the Wall Street Journal reported. I am now back to my initial 25% position that I started with in December. If big investors needed a reminder of that idea, they got one in the past few weeks as hedge funds were squeezed out of short positions in the likes of GameStop. The U.S. Securities and Exchange Commission on Friday suspended trading in more securities that have seen jumps in both prices and trading volumes since late January amid social media interest. With 3 Buys and no Holds or Sells, the word on the Street is that BLU is a Strong Buy. One risk is that enthusiasm turns sour and spirals downward, according to one crypto investor. The Phase 2b studies, are now enrolling and dosing patients, with interim results expected by mid-year and top line results expected to be published in the fourth quarter. A Real Vision interview with famed activist short seller Carson Block who pulls no punches as he takes aim at Canada, Jack Ma and the U.S. pharmaceutical industry. The corona crisis depressed results, but even the depressed results were up year-over-year. Fernandez paid nearly $300,00 for the new shares. Looking ahead to 2021, the company has also announced a new dividend framework, setting the base payment at $1 per share annualized, and reiterated its commitment to capital return. Block also casts doubt on eHealth's growth since 2018, saying it's been driven largely by direct response TV advertising. The other consequence is requiring shorts to disclose positions can result in more dysfunction from corporations committing wrongdoing. Short-seller Carson Block is the founder of Muddy Waters Research Brendan McDermid/Reuters. Muddy Water founder/CEO Carson Block said he's still short Chinese tutoring company GSX Techedu (NYSE:GSX), which he calls a "near total fraud," though his position has been sized down from last year. The analysts seem to think so; all are Buy-rated and potentially offer significant upside. (See OBSV stock analysis on TipRanks) BELLUS Health (BLU) The second stock we’re looking at, BELLUS Health, is also a clinical stage biopharma research company – but the focus here is on an issue that few of us ever think about. Days after prolific short seller Andrew Left called it quits to focus on long-only research, another well known name in the industry, Carson Block, is stepping in to defend short selling. Investing strategies come in different forms and you can rely on several factors to achieve the end goal of strong returns. “In 2018, Coca-Cola became a shareholder in BodyArmor, in a deal that was structured to create value for both companies while also defining a path to ownership in the future. The suspensions are the latest effort by the SEC to address soaring retail investor interest driven by conversation on social media platforms, most notably seen in a surge and subsequent plunge in share prices of GameStop Corp. Last week, the regulator suspended trading in a defunct stock. Carson Block takes short position in online health insurance marketplace eHealth. With a background like that, it’s no wonder that this stock is seeing insider buying. It’s the largest regularly conducted survey of its kind. Singing the healthcare name’s praises is RBC Capital analyst Gregory Renza. 2: Pfizer $31,079,000 in Call Options (Notional Value) Burry purchased more than $300,000 in Pfizer Inc. (NYSE: PFE) call options. "They're basically booking all that theoretical revenue today and that is the crux of the problem.". Are they as good as gold? However, when fiat currency has negative real interest, only a fool wouldn’t look elsewhere. Results below expectations were a common pattern for the company’s 2020 performance in Q1 and Q2, as well. Fortunately, federal regulations require that the insiders make their inside trades public – to keep the playing field level. Citron Research, a prominent short seller, said last week it would stop publishing bearish reports, and focus instead on companies worth buying. ”Despite the PE miss of the ph.II trial in RCC, we believe the stats sig reduction in awake cough frequency in patients with high baseline demonstrated POC and viability of the asset.” It should come as no surprise, then, that Renza joined the bulls. MW is Short GSX Techedu Inc. (GSX US) We are short GSX because we conclude that it is a near-total fraud. With gold currently selling at $1,782 on the commodity exchanges, Kinross’s near-term success is clear. Santa Clara-based eHealth ended Wednesday down 11.7% to $103.20 each. Calix, Inc. (CALX) The first stock we're looking at is Calix, a cloud computing tech company. On average, analysts estimated a profit of 2 cents per share. Early life and career. And that gas was needed more than ever to generate electricity.As one executive described: It was like a death spiral.The result was a vicious cycle that serves as a painful lesson to any power grid operator and utility company dealing with rolling outages during extreme weather. But current times are actually pretty good for gold miners. Calix, like many high-tech software platform companies, offers a system that can streamline operations – a vital advantage in today’s expanding remote work climate. With that last detail in mind, it’s worth noting that NEM shares are up 29% in the last 12 months – more than the S&P’s gain of 16% over the same period. ObsEva is working to develop and commercialize new therapeutics for women’s reproductive health issues – up to and including pregnancy. This is based on 8 reviews, including 5 Buys and 3 Holds. Mr Block is 35 years old. Here are Burry’s top five holdings by dollar amount according to the most recent filing. See Also: GameStop Fame's Roaring Kitty To Congress: 'In Short, I Like The Stock' Price Action: Palantir shares closed nearly 7% lower at $25.17 on Thursday and rose 4.85% to $26.39 in the after-hours session. Our conclusions are based on GSX’s own user and attendance data files (i.e., this is n… more No. Block, who disclosed the short on CNBC's "Squawk Box," said he does not believe the company is a "fraud," but it is "in our view a massive stock promotion." RBC’s Scott Hanold is clearly bullish on this company’s expansion to a new region, writing, “NOG's Appalachian acquisition was strategic by accelerating leverage reduction, balance sheet clean-up, and diversifying its asset and commodity footprints. Block reminded Bloomberg on Monday that his firm works to uncover fraud and he “rejected the idea popular on Reddit’s WallStreetBets forum that short sellers are a part of the establishment”. Data is a real-time snapshot *Data is delayed at least 15 minutes. In an update announced last month, ObsEva reported that, pursuant to Phase 3 results, the European Medicines Agency (EMA) had validated for review the company's Marketing Authorization Application (MAA) for Yselty (100mg and 200mg).
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