This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

The Best of Kass

NEW YORK ( TheStreet) -- Doug Kass of Seabreeze Partners is known for his accurate stock market calls and keen insights into the economy, which he shares with RealMoney Pro readers in his daily trading diary.

Among his posts this week, Kass discussed how one analyst's Google coverage missed the mark, what the latest data say about the U.S. economy and which coal stocks he's bullish on.

Please click here for information about subscribing to RealMoney Pro.


Pimping on Wall Street
Originally published on Friday, April 13 at 8:33 a.m. EDT.
  • I continue to be consistently disappointed by Wall Street's analytical community -- its maintenance approach to research, nonvariant lemming-like company views and indentured role relative to the companies it researches.
  • As an example, this morning Credit Suisse's Google (GOOG - Get Report) analyst writes that Google's proposal for new Class C nonvoting shares, via a stock distribution, "is designed to sustain the voting control of its Founders. ... Given that we like management's strategy and long-term approach, we are not alarmed by the structure."

    > > Bull or Bear? Vote in Our Poll

    Google's move is another example of horrible governance procedures. Although Google is independent, it is a lot less independent that most companies.

    Caveat emptor.

    At the time of publication, Kass had no shares in securities mentioned.


    The Pause That Refreshes
    Originally published on Thursday, April 12 at 9:31 a.m. EDT.
  • A market pause remains a healthy event and is providing me with an opportunity to selectively add long exposure.
  • This morning's economic data were on the soft side but not so weak as to unhinge the U.S. stock market.

    A market pause remains a healthy event and is providing me with an opportunity to selectively add long exposure.

    Overall, the economic data signify a modest slowdown in the jobs expansion and a slight increase in pipeline inflation.

    Initial jobless claims came in at 380,000 compared to expectations of 355,000 and to 367,000 the week earlier. This is the highest print since late January but still consistent with healthy monthly payroll growth of close to 200,000. There is some talk that there were issues with seasonal adjustments again. We should look for 150,000-175,000 jobs growth in April and May as some weather payback occurs.

    From that point, I would expect monthly payroll growth to approach 200,000 (which would be consistent with +2.25% to +2.50% real GDP growth).

    Core PPI was 0.1% above expectations and a like amount above February's print. Core intermediate PPI signals some increase in pipeline inflation, but given the still-wide manufacturing output gap and still-elevated unemployment rate, inflation is expected to remain benign.
    1 of 2

    Check Out Our Best Services for Investors

    Action Alerts PLUS

    Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

    Product Features:
    • $2.5+ million portfolio
    • Large-cap and dividend focus
    • Intraday trade alerts from Cramer
    Quant Ratings

    Access the tool that DOMINATES the Russell 2000 and the S&P 500.

    Product Features:
    • Buy, hold, or sell recommendations for over 4,300 stocks
    • Unlimited research reports on your favorite stocks
    • A custom stock screener
    Stocks Under $10

    David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

    Product Features:
    • Model portfolio
    • Stocks trading below $10
    • Intraday trade alerts
    14-Days Free
    Only $9.95
    14-Days Free
    Dividend Stock Advisor

    David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

    Product Features:
    • Diversified model portfolio of dividend stocks
    • Updates with exact steps to take - BUY, HOLD, SELL
    Trifecta Stocks

    Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

    Product Features:
    • Model Portfolio
    • Intra Day Trade alerts
    • Access to Quant Ratings
    Options Profits

    Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

    Product Features:
    • Actionable options commentary and news
    • Real-time trading community
    SYM TRADE IT LAST %CHG
    GOOG $625.61 0.00%
    AAPL $121.30 0.00%
    FB $94.01 0.00%
    TSLA $266.15 0.00%
    YHOO $36.67 0.00%

    Markets

    Chart of I:DJI
    DOW 17,689.86 -56.12 -0.32%
    S&P 500 2,103.84 -4.79 -0.23%
    NASDAQ 5,128.2810 -0.5040 -0.01%

    Free Reports

    Top Rated Stocks Top Rated Funds Top Rated ETFs