The so called 'bond king' Jeffrey Gundlach of Doubleline Capital fame, has sounded a warning against investing in the FANG group of stocks, which include Facebook Inc. (NSDQ:FB), Amazon.com (NSDQ:AMZN), Netflix Inc. (NSDQ:NFLX) and Alphabet Inc. (NSDQ:GOOGL). The Doubleline CEO, in an appearance on CNBC's Fast Money Halftime Report last Friday, stated: 'I think the FANGs are a bubble�frankly. I think they are all based upon the past which changed on Tuesday (US Presidential Election day)'. The FANG group of stocks have lost 2.75% on average (equal weights) since the results of the election were announced, a stark contrast from the 9.7% average gains posted in the YTD up to Nov 8. FB stock had led the pack with gains of 18.7% in the year upto�the election and has now lost 3.6% in the trading sessions following the election. Should FB investors heed the warning and exit the stock?�(See also: Has The Trump Victory Created A Buying Opportunity In FB Stock?)
stock options trading: Cinemark Holdings Inc(CNK)
Advisors' Opinion: - [By Monica Gerson]
Cinemark Holdings, Inc. (NYSE: CNK) is projected to report its quarterly earnings at $0.46 per share on revenue of $699.23 million.
Aecom (NYSE: ACM) is expected to report its quarterly earnings at $0.72 per share on revenue of $4.55 billion.
stock options trading: Franco-Nevada Corporation(FNV)
Advisors' Opinion: - [By Ben Levisohn]
Given revised commodity deck forecasts (particularly for Steel and Gold) and improved Balance Sheet health (Steels, Precious and Industrials Metals) we are upgrading our ratings on several stocks in our coverage. We generally favor companies that have already initiated specific ��self-help��, have low-cost assets and are less exposed to China supply and demand dynamics. In Steels, we have increased our rating from Hold to Buy on Nucor (NUE) and from Sell to Hold on US Steel. We have also upgraded Kinross Gold (KGC) to a Hold on valuation…On higher-than-peer valuations, we reiterate Sell-rated Coeur Mining (CDE), Franco-Nevada (FNV), Goldcorp (GG), Teck Resources (TCK) and highly leveraged AK Steel given preference to issue further equity if possible.
- [By Ben Levisohn]
Deutsche Bank’s Jorge Beristain and Chris Terry released their earnings preview for the gold miners–including Barrick Gold (ABX), Goldcorp (GG), Franco-Nevada (FNV), and Coeur Mining (CDE)–and conclude that only one gold miner deserves a Buy rating: Newmont Mining (NEM). They explain why:
stock options trading: Travelzoo Inc.(TZOO)
Advisors' Opinion: - [By Casey Wilson]
Year to date, the company's stock price has fallen over 42%. Meanwhile, its competitors' share prices have increased during the same period. The Travelzoo Inc. (Nasdaq: TZOO) share price has gained 41% YTD, and Priceline Group Inc. (Nasdaq: PCLN) has gained over 19%.
stock options trading: Icahn Enterprises L.P.(IEP)
Advisors' Opinion: - [By Robert Rapier]
CVR Partners’ fertilizer plant is located in Coffeyville, Kansas, adjacent to the refinery owned by CVR Refining (NYSE: CVRR). CVR Energy (NYSE: CVI), majority-owned by Carl Icahn via Icahn Enterprises (NYSE: IEP), is the general partner and owns most of the units for both CVR Partners and CVR Refining.