Jim Cramer: Taming the Inflation Beast
Doug Kass: Why I Remain Bearish
"More dovish (than expected) Fed comments contributed to a midday reversal in the averages in Wednesday's trading session. That party contributed to a 20-point reversal in the S&P 500 Index from the morning's lows," says Doug Kass, author of Real Money Pro's "Doug's Daily Diary."
"Tactically, I believe that the rally will be short lived and that, the current high end of the recent trading range (since early February), will prove to be difficult to overcome over the near term. My concerns are multiple," Kass notes.
For Kass, "Most importantly, we are in an advanced economic and market cycle."
Boyd Gaming Is a High Roller
Real Money Pro columnist Ed Ponsi says, "In the gaming sector, most of the attention is drawn by big names like MGM Resorts (MGM) and Wynn Resorts (WYNN) . Those stocks have performed well in recent years, with Wynn returning an outstanding 94.88% last year on top of a 25.03% return in 2016."
But, Ponsi point out, "Like a card counter that successfully avoids detection, there is another name in this sector that may have eluded investors' attention. For example, Boyd Gaming (BYD) has a market cap of just $4 billion, so it rarely makes headlines. Yet this little casino stock has been a high roller, cashing in a gain of about 440% since the start of 2013."