Today, I want to share some exciting updates on one of our portfolio companies: Hims & Hers Health Inc. (NYSE: HIMS). The company just reported earnings and the numbers were fantastic. Its operational momentum is alive and well, and investors pushed HIMS stock higher in response. Our model portfolio now shows an open gain of more than 50% since our August 2022 entry.
Read MoreI just wrote a piece for The Banyan Edge on “value” investing. Watch for it to drop tomorrow. If you aren’t aware, The Banyan Edge is a free daily newsletter we email to more than 225,000 investors. My colleagues and close friends — Charles Sizemore, Ian King, Mike Carr and Charles Mizrahi — are also each featured on a particular day of the week. It’s our opportunity to write about the investment trends and topics we’re most passionate about … and provide truly valuable information, analysis and recommendations. My day of the week is FRIDAY…
Read MoreIf you’re like most investors I know, you probably hold the following beliefs, even if subconsciously: Buying stocks is noble because it funds innovation, growth and prosperity, and… “Shorting” stocks is evil. I agree with #1 … but am here today to dispute the misconception in #2. Look, I get why “shorting” stocks appears less than noble. The optics of some high-powered Wall Street trader taking home billions in profits while grandma loses 50% of her 401(k)… It feels icky. But it’s not the whole story.
Read MoreJust a brief note today, as I’m traveling to an off-site company meeting. Otherwise, it’s a big day for Max Profit Alert… We just released the presentation I put together on our short Tesla trade. It’s called “The Next Big Short.” As I mentioned last week, my hope is that we’ll welcome a large group of new subscribers to the service, allowing more folks to get in on the Tesla trade I’ve been writing about since last summer.
Read MoreAh man, this rally… What to make of it?! After a slogging, near-20% decline last year, the S&P 500 is up 9% so far in 2023. And of course, many individual stocks are up far more. A couple of weeks ago, I wrote about how the S&P 500 is at an important inflection point.
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