This Day On The Street
Continue to site
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 why he's holding on to his eBay position, why there are plenty of potential economic shocks on the horizon and why the recent declines in Apple shares are good, not bad, for the broader market.

Please click here for information about subscribing to RealMoney Pro.

Not Selling eBay
Originally published on Thursday, April 19 at 8:21 a.m. EDT.
  • The company's earnings (and the story) are that good.
  • I have owned eBay (EBAY) since the depths of the stock market in 2009.

    My cost is $11.64, and, despite the $5.50 share price move upward today, I am not selling a single share as the earnings (and the story) are that good.

    At the time of publication, Kass was long EBAY.

    No Shortage of Shocks
    Originally published on Thursday, April 19 at 9:43 a.m. EDT.
  • More tepid domestic economic growth raises the susceptibility of our fragile economy to shocks.
  • Nothing compares
    No worries or cares
    Regrets and mistakes
    They are memories made.
    Who would have known how bittersweet this would taste?

    -- Adele, Someone Like You

    The jobless claims number was poor relative to expectations. Moreover, the previous week's numbers were revised upward. At 380,000, claims are consistent with a slowing in monthly payroll growth to about 175,000 a month, though I expect next month's report to be closer to 150,000.

    The excuse last week for the weak initial jobless claims numbers was Good Friday. Is there an excuse again this week? Can we sugarcoat the jobs report?

    Well, look at the yield on the 10-year U.S. note (at 1.97%); it seems to be signaling that more economic weakness lies ahead. Indeed, several of the most recent economic releases are consistent with decelerating growth.

    More tepid domestic economic growth raises the susceptibility of our fragile economy to shocks, and there is no shortage of potential shocks, as I related in my opening missive, "Dirty Dozen."

    I remain of the view that fair market value for the S&P 500 is approximately 1360 compared to last night's close of 1385. This is not an especially attractive reward vs. risk (though not terrible either), and I still think we are range-bound between 1300 and 1430 as far as the eyes can see. This helps to explain why I move back and forth around market-neutral, buying the dips and selling the rips.

    At the time of publication, Kass had no positions in securities mentioned.
    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
    Real Money

    More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

    Product Features:
    • Access to Jim Cramer's daily blog
    • Intraday commentary and news
    • Real-time trading forums
    Only $49.95
    14-Days Free
    14-Days Free
    EBAY $24.43 0.00%
    AAPL $93.74 0.00%
    FB $117.58 0.00%
    GOOG $693.01 0.00%
    TSLA $240.76 0.00%


    Chart of I:DJI
    DOW 17,773.64 -57.12 -0.32%
    S&P 500 2,065.30 -10.51 -0.51%
    NASDAQ 4,775.3580 -29.9330 -0.62%

    Free Reports

    Top Rated Stocks Top Rated Funds Top Rated ETFs