(Editor's note: Doug Kass has sprouted some bull horns recently, and the following excerpts from The Edge, his trading diary available exclusively on RealMoney Silver , confirm that he is putting his money where his mouth is.)
Some Long Ideas
This blog post originally appeared on RealMoney Silver on Oct. 20 at 11:59 a.m. EDT. Here are some of my ideas as to where I would begin to look for long investment positions amid the carnage we call the U.S. stock market. I would stick with companies that are self-funding (have limited external financing requirements), diversified (not dependent on narrow end markets) and not U.S.-centric with a broader geographic focus (i.e., a beneficiary of export and emerging market growth). Within the context of a low interest rate environment, I would particularly emphasize high-yielding stocks. Some examples might include American Express ( AXP), General Electric ( GE), Freeport-McMoRan Copper & Gold ( FCX), the Consumer Staples Select Sector SPDR ( XLP), Hatteras Financial ( HTS), Disney ( DIS), Peabody Energy ( BTU), Linn Energy ( LINE), Atlas Pipeline ( APL) and Transocean ( RIG).Recommended Viewing
This blog post originally appeared on RealMoney Silver on Oct. 21 at 7:50 a.m. EDT.
Mortgage REITs Will Benefit From Drop in Libor
This blog post originally appeared on RealMoney Silver on Oct. 21 at 9:18 a.m. EDT. The most direct beneficiaries of a fall back to earth in Libor are the mortgage REITs. With a continued drop in Libor will come a resumption of wide spreads. Moreover, I wouldn't be surprised if the shares in this group -- similar to the example of Linn Energy posted earlier -- have been artificially deflated by Lehman and related forced selling. Mortgage REITs remain my favorite long sector.Doug Kass writes daily for RealMoney Silver , a premium bundle service from TheStreet.com. For a free trial to RealMoney Silver and exclusive access to Mr. Kass' daily trading diary, please click here.