Archive
The wave of virtual offerings is creating new risks... It has been impressive to see the conversion of large parts of the U.S. economy to a work-from-home world. However, one of the big areas of concern has been issues with hacking and security in virtual-meeting services like Zoom Video Communications (ZM). But working remotely hasn't […]
- AIV
- FB
- TDOC
- ZM
Key parts of the supply chain are being disrupted as global lockdowns stretch on... We've already started to hear the discussion – and sometimes, jokes – about the growing scarcity of products as many parts of the globe remain shut down due to the coronavirus pandemic. You've likely read about the run on toilet paper... […]
- AMZN
- PFE
Credit markets are still open, and that's a great sign... As Bloomberg reported last week, cruise ship operator Carnival (CCL) issued $4 billion in bonds... and $79 billion in investment-grade bond issuances were priced throughout the whole week. U.S. corporations sold a record number of bonds in the first quarter of this year, approaching $800 […]
- CCL
Are we living in biblical times? Looking at the news over the past few years, it's not hard to blame people for wondering if we're living in Ancient Egypt at the time of Moses. The headlines have been wild... We've had rivers turning blood red... Frogs have overrun places they don't normally appear in... We've […]
- ANTM
- BA
- BUD
- KHC
- UNH
- XOM
So much for bitcoin being 'digital gold'... In the midst of a market crash, investors often talk about safety assets. Whether it's U.S. Treasurys, gold, or real estate, people seek investments to park their cash to preserve capital when the markets tumble. For years, we've heard about bitcoin as an inflation hedge and a secure […]
- CSCO
- F
- IIVI
- LMT
- NOK
Think about paper losses versus realized losses... There's a saying in the professional investing world – in particular among registered investment advisors ("RIAs") – when talking clients off a panic-driven ledge: "You don't actually lose any money in the stock market until you realize your losses by selling." The only people who actually lost money […]
- NSIT
Boaz Weinstein is at it again... Anyone familiar with Michael Lewis' book The Big Short and the Great Recession – or who has worked in the credit markets since the late 2000s – likely knows how financial-services firm Deutsche Bank (DB) was almost sunk in the crisis. While he wasn't mentioned in The Big Short, […]
- APH
- DB
We're not the only ones saying now isn't the time to panic... Regular Altimetry Daily Authority readers know we've been consistently saying that while the current environment is going to be volatile, it's a time of opportunity. Two gurus we listen to have been saying the same thing... and just last week, they both explained […]
How long can the economy really last in a shutdown? Earlier this week, I came across an interesting chart in an article from investment bank JPMorgan Chase (JPM). It was an analysis of the number of days of operating costs that small businesses of different types have in cash on hand to survive if there […]
- AAPL
- JPM
- MCD
- MIDD
- MTW
- WBT
- YUM
- YUMC
Maybe flooding the venture-capital market with hundreds of billions of dollars wasn't a sound investment strategy... Japanese banking giant SoftBank is still facing the repercussions of its irresponsible dropping of helicopter money on the world of venture capital through its Vison Fund. Last week, the company announced it was seeking $10 billion to prop up […]
- AMT
- CCI
- SBAC