DHUnplugged Podcast

DHUnplugged #305: From Unicorn to UniCorpse


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It has been a busy couple of weeks while DHunplugged was on a short vacation. Markets rally, oil climbs and central banks are getting more aggressive.
China is still in terrible shape, but investors are still looking for more stimulative actions to come to the rescue.
It will be a big week upcoming with a busy economic calendar and the Fed’s rate decision on Wednesday…
And.. What is with the Unicorns? Write-downs happening quickly as there is a sense that valuations are way to rich for many of these names.

Click HERE for Show Notes and Links
Trip to Panama – had some interesting foods and experiences. (Plenty of Ceviche, Cow Foot Soup, Tripe and more…)

– Panama casinos… 5.5% cash check out charge!

– Diving 2 oceans on one day!
Daylight Savings Time is here! Happy? – Plenty of stories about problems related to the time change… More accidents, less productivity. Really? LINK
Prem Watsa, the investor who heads Fairfax Financial Holdings Ltd. and foretold a drop in technology company shares two years ago, is now saying “I told you so.” In his annual letter to shareholders, Watsa said he expects tech stocks from Twitter Inc. to Yelp Inc. to fall even further — as much as 90 percent from their peak in the last two years. Now calling former UNICORNS = UNICORPSES
Weird story – A day after indited on violations of Sherman Act, U.S. shale pioneer Aubrey McClendon dies in suspicious auto accident.

— Data shows he hit speeds of 89 miles an hour seconds before his Chevy Tahoe slammed into a concrete bridge earlier this month in a fatal crash, according to a report issued Monday afternoon by the Oklahoma City Police Dept. McClendon’s SUV, which was fitted to run on compressed natural gas instead of gasoline, crossed the center lane more than 60 yards before the crash. He wasn’t wearing a seat belt, the Oklahoma City Police said. Data recovered from the vehicle’s black box showed that McClendon tapped his brakes several times before the crash, but didn’t truly brake hard. His Tahoe hit the bridge at roughly 78 miles an hour.
Just as the markets turn, several big brokerages are slashing the year-end price target for S&P 500. Morgan Stanley is the latest with a price target of 2,050. Do we view this as a contrary indicator?
OOFAH – The massive rise for some energy and materials companies over the past couple of weeks has been amazing. (and the fall this week)
— Past 30 days: Halliburton +22% , Helmrich & Payne +29%,  Chesapeake Energy +176%, Marathon Oil +49%, Linn Energy +157%,  Continental Resources +43%…. (Some relief as companies get reprieve with advancing oil prices and secondary offerings)
Politics: Trump rallies cancelled as violent protests have begun. This is going to be a nightmare… What happened today? Who will drop out?
Twitter and social media – how to make sense of the financial world? So many players trying to advance their own agendas…

— Afterthefact’ers, toldyouso’ers, vague range gang, complainers, pumpanddump’ers, pompous parade, clickandsell’ers, negative nellies, positive posse…
Auto-Upgrade? As Microsoft auto-upgrades more PCs to Windows 10, some users are complaining that they weren’t adequately notified. Reports of unwanted Windows 10 upgrades have been circulating for the past few days on Reddit and Twitter, etc.
New trend?
...more
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DHUnplugged PodcastBy Horowitz and Dvorak

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