Bitcoin has soared to close to $100,000. However, buying an asset that’s run up 47% over the past month is generally a bad idea. Right now, Bitcoin is at the shoeshine-boy-is-buying point of the mania… But, as Kim Iskyan writes today, short-term noise aside, the future is clear: And it’s Bitcoin.
In this second short recommendation in as many weeks, we show how Bank of America is going to go spectacularly bust, and when it does, it’s going to take down a lot of other banks with it.
In today’s Journal, Porter recommends taking steps now to hedge your portfolio and to raise cash. The first step, he says, is to identify which companies that you hold haven’t been performing well over the last five years.
Editor’s Note: On Tuesdays we turn the spotlight outside of Porter & Co. to bring you exclusive access to the research, the thinking, and the investment ideas of the analysts who Porter follows. If you’re new to The Big Secret on Wall Street and want to learn more about this membership benefit, you can read
We are excited to share with you this latest Porter & Co. Open Forum – a regular feature to allow readers to hear analysts from all our research advisories share ideas about markets and their portfolios. Below, we bring you a discussion between Distressed Investing editor Marty Fridson and editorial director Kim Iskyan. In this
Dear Readers, Shares of semiconductor chip designer ARM Holdings (Nasdaq: ARM) have dropped below the level of our 10% trailing stop loss. We recommended ARM shares on September 18 at $138, and are following our stop loss recommendation to sell at $134. We will use today’s closing price as the official exit price in our
Similar to Steve Jobs, Porter believes, Donald Trump has a “reality distortion field.” Trump’s reality distortion field, however, is blinding his supporters into thinking that he can return broad prosperity to the middle class without major dislocations in the markets.
On the news that Warren Buffett bought shares of Domino’s Pizza, Porter reveals a list of other Big Secret portfolio companies the legendary investor should invest in.
This week, we’re adding our first short to The Big Secret portfolio – that is, a stock we think will decline. This American manufacturer and defense icon has been destroyed by horrific management and regulatory failures… and we think there’s a real chance that shareholders will be wiped out.