The Good, the Bad and the Ugly; Short Discourse on Disney: Doug Kass' Views

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The Good, the Bad and the Ugly

Originally published May 10 at 2:41 p.m. EST

"There are two kinds of spurs, my friend. Those that come in by the door; those that come in by the window." --Tuco, " The Good, the Bad and the Ugly"
The Good
* The price of crude oil rose by +$1.81. Energy Select Sector SPDR (ETF) ( XLE) , my newest Best Ideas Long, is up a beaner.
* Nvidia ( NVDA) , Coty ( COTY) , Electronic Arts ( EA) and Cabot Oil and Gas ( COG) .
* Kimberly Clark ( KMB) , the object of vague takeover rumors, continues to advance.
* The market held up well in the face of the Comey firing.
* Junk bonds were well bid despite weakness in the Treasury markets (see below).

The Bad
Bonds continue to sell off with yields near the highs of the past few months.
* Biowreck.
* Ford (F) , new low and breaking down on the chart--as it continues to move from the top left to the bottom right.

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