
Disney, Starbucks and Exxon Mobil: Doug Kass' Views
Doug Kass shares his views every day on RealMoneyPro. Click here for a real-time look at his insights and musings.
Why I've Expanded My Exxon and Schlumberger Shorts
Originally published at 1:07 PM EST on November 11, 2015
Oil prices are back down today and threatening to hit $43 a barrel.
I previously noted that my pal Dennis Gartman went long on oil, but he was stopped out of that position on Monday.
As for myself, you'll recall that I recently went short on Exxon Mobil (XOM) - Get Report and Schlumberger (SLB) - Get Report and placed both on my "Best Short Ideas" list. I've also added to those positions this week.
Position: Short SLB, XOM
Today's Trades
Originally published at 1:35 PM EST on November 11, 2015
I pressed my shorts today on Apple (AAPL) - Get Report , Exxon Mobil, MetLife (MET) - Get Report , Schlumberger, the iShares Russell 2000 ETF (IWM) - Get Report and the SPDR S&P 500 ETF (SPY) - Get Report .
I also established new shorts on Starbucks (SBUX) - Get Report , Walt Disney (DIS) - Get Report and the iShares China Large-Cap ETF (FXI) - Get Report . (Full disclosure: that's a Dennis Gartman fave on the long side.)
I'm also currently offering above-the-market short sales on Goldman Sachs (GS) - Get Report and Morgan Stanley (MS) - Get Report , but hadn't executed those trades as of this writing.
Position: Short DIS, SLB, XOM, SPY, IWM, AAPL, MET, SBUX, FXI
A Short Update on My Energy Plays
Originally published at 12:19 PM EST on November 12, 2015
My recent energy shorts -- Exxon Mobil and Schlumberger , which are both on my "Best Short Ideas" list -- are breaking down.
Position: Short XOM, SLB
My Short Take on Disney, Starbucks and Chinese Stocks
Originally published at 2:05 PM EST on November 11, 2015
I mentioned recently that I've added or expanded several short positions today.
Most of these moves involve stocks that I see as overbought in the near term, but others are grounded in fundamental reasons. The latter include:
- The iShares China Large-Cap ETF (FXI) - Get Report . I've written often about my disdain for Chinese securities and the false hope of China's gross-domestic-product growth.
- Starbucks (SBUX) - Get Report . In a consumer slowdown, price elasticity has to negatively impact Starbucks' comps.
- Walt Disney (DIS) - Get Report . I think Disney is fully priced, over-owned and vulnerable to consumer slowdown (theme-park prices are through the roof). DIS could also suffer from other issues, including a possible negative turn in sentiment based on the New York attorney general's ruling yesterday that fantasy-sports sites represent a form of illegal gambling. (Disney owns sports-news giant ESPN.)
Position: Short FXI, SBUX, DIS
At the time of publication, Kass and/or his funds were short XOM and SLB, FXI, DIS, SBUX, SPY, IWM, AAPL and MET, although holdings can change at any time.
Doug Kass is the president of Seabreeze Partners Management Inc. Under no circumstances does this information represent a recommendation to buy, sell or hold any security.








