$SNAP Slides on News That Zuckerberg’s Instagram Stole Their Business Model

I will admit to having fun with the Snapchat face filters. I don’t have a Snapped Chat account of my own, but I do mess around with other people’s accounts and enjoy creating diabolically grim messages on their ‘stories.’

It wasn’t enough for Mark Zuckerberg to control every aspect of retarded people’s social media lives. Now he has to steal the ideas of other’s trying to do the same. Where is the honor amongst thieves?

Instagram caters to 200 million users daily.

Today we’re introducing face filters, an easy way to turn an ordinary selfie into something fun and entertaining! https://t.co/8gq9g8sVZD pic.twitter.com/VjiafDhMmv

— Instagram (@instagram) May 16, 2017

Snapchat does have 160 million users, so I wouldn’t call them an irrelevant company. However, like Twitter, their business seems to be bogged down by the inability to actually make money — which is, ultimately, the whole point of business.

Shares of SNAP are down more than 2% this morning.

I happen to be long gold, in dollar terms now, so I am okay with these reprehensible creatures celebrating the death of the US dollar. I will not speculate as to why the dollar is getting ass-hammered this morning, only highlighting the fact that it is happening.

Down nearly 1% v the euro isn’t a garden variety stroll in the filthy streets of Paris. On this dollar agony, gold and silver are both bid higher by 0.4% and 0.8%, respectively.

Ok fuck it, I’ll take a shot at it. Maybe Wall Street is cynically pricing in the fact that Trump’s economic stimulus is DOA? As such, rates cannot go higher, because the economy is about to fucking swan dive into a bag of concrete cinder blocks.

Okay, that might’ve been a slight exaggeration. TJ Maxx is one of the winners in this dystopian retail landscape of ours — retailer of excess inventory at cut throat prices. If you’re not cut throat pricing, or catering to the hedonistically rich, you’re not doing much of anything these days. You’re Macy’s.

Alas, even the pirates of retail are starting to feel the burn of Amazon, a monopolistic nightmare that seeks to enslave all of you through an enjoyable experience and great prices.

Reports Q1 (Apr) earnings of $0.82 per share, $0.03 better than the Capital IQ Consensus of $0.79; revenues rose 3.2% year/year to $7.78 bln vs the $7.88 bln Capital IQ Consensus. Diluted EPS $0.04 above high-end of Company’s plan primarily due to a benefit from an accounting change in share-based compensation as well as a benefit from foreign currency, which were both higher than expected.

Comps +1% vs. +0-1% guidance.

Co issues downside guidance for Q2, sees EPS of $0.81-0.83 vs. $0.92 Capital IQ Consensus Estimate; comps +1-2%.

Co issues guidance for FY18, raises EPS to $3.82-3.89 from $3.80-3.89 vs. $3.90 Capital IQ Consensus Estimate; reaffirms comp +1-2%.

“Comp store sales growth was once again driven by customer traffic. We achieved these results despite the unfavorable weather in parts of the U.S. and Canada compared to last year. We were pleased to see sales trends pick up as the quarter progressed. With our disciplined inventory management, our merchandise margin was up, which speaks to the resiliency and flexibility of our off-price retail model. Further, we are confident that we are gaining market share at each of our four major divisions. The second quarter is off to a solid start and we have excellent liquidity in our inventories.”

I should create an algo to short any company that blames weather for failed execution. Shares of TJX are off by 5%.

Pro-tip: buy this candle. It’s the only reason why I visit that God forsaken store.

Another morning passes by is another opportunity for an analyst to embarrass himself.

Here are today’s random dart throws by our analyst community.

Vipshop upgraded to Overweight from Neutral at JP Morgan
New Oriental Education & Technology upgraded to Buy from Neutral at Goldman
TAL Education downgraded to Neutral from Buy at Goldman
Alibaba target raised to $155 from $130 at MKM Partners
GoDaddy target raised to $50 from $46 at Piper Jaffray
SAGE Therapeutics initiation details — Buy at Needham; tgt $82
Vipshop target raised to $18 at Stifel; Beat & raise; potential spin of finance unit, restructure logistics; Buy
Regal Entertainment upgraded to Buy from Hold at Loop Capital
Eli Lilly removed from Conviction Buy List at Goldman
NantKwest downgraded to Sell from Neutral at Citigroup
Aetna target raised to $158 at Stifel following Investor Day
Hostess Brands initiated with an Overweight at a boutique firm
MercadoLibre downgraded to Neutral from Overweight at JP Morgan
MDC Holdings downgraded to Underperform from Market Perform at Wells Fargo
Baxter, Edwards Lifesciences (EW) both added to Conviction Buy List at Goldman
Medtronic initiated with a Neutral at Goldman; tgt $87
Stryker initiated with a Neutral at Goldman; tgt $129
Varian Medical initiated with a Neutral at Goldman; tgt $92
Boston Scientific initiated with a Neutral at Goldman; tgt $28
Abbott Labs initiated with a Neutral at Goldman; tgt $45
Zimmer Biomet initiated with a Sell at Goldman; tgt $92
Intuitive Surgical initiated with a Buy at Goldman; tgt $1000
Dr Pepper Snapple upgraded to Overweight from Equal-Weight at Morgan Stanley
Church & Dwight downgraded to Underweight from Equal-Weight at Morgan Stanley
Valero Energy downgraded to Neutral from Buy at Goldman
Delek US Holdings upgraded to Buy from Neutral at Goldman

Here’s what I think is going on here. McMaster is the problem. From all the reports I’ve read, he’s trying to strong arm the President into a neocon strategy of war. After all, Bill “fucking” Kristol was elated to find out that McMaster had been selected to become national security director when it happened.

McMaster leaked the intel and then did a presser saying nothing happened, in order to make himself indispensable, since he was rumored to be on the chopping block. Trump fed up with the leaks, came out and said what happened, reminding people that it was his right to share the intel and declassify it.

So what are we talking about here? Why is this considered sensitive intel?

ISIS is scheming about ways to blow up airplanes using laptops. Who in their right mind is interested in keeping that intel secret? I’d like to hear the argument to protect the diabolical strategies of ISIS secret. If we are going to kill ISIS in Syria, which is the whole point of working with Russia, sharing intel that could save civilian lives is hardly ‘top secret’ intel that ‘is keeping us alive’, like some of the Morning Shills are spewing this morning.

McMaster might be on his way out.

As President I wanted to share with Russia (at an openly scheduled W.H. meeting) which I have the absolute right to do, facts pertaining….

— Donald J. Trump (@realDonaldTrump) May 16, 2017

…to terrorism and airline flight safety. Humanitarian reasons, plus I want Russia to greatly step up their fight against ISIS & terrorism.

— Donald J. Trump (@realDonaldTrump) May 16, 2017

The real issue, once again, is the leaks. This bodes extremely poorly for anything getting done in this administration. The permanent government fuckers, the one’s who’ve indebted us to our eyeballs with war expenses and entitlements and have placed us on a path to disaster, do not want Trump in office. Whether I like it or not is immaterial. I think it’s fairly clear where they’re trying to bring this entire Russian myth.

I have been asking Director Comey & others, from the beginning of my administration, to find the LEAKERS in the intelligence community…..

— Donald J. Trump (@realDonaldTrump) May 16, 2017

As for how the media is framing this, utterly contemptible, a ploy to distract from the much larger story out there: WHO KILLED SETH RICH? Who did it, you little shits?

Position accordingly.

Being an agent of chaos, I love this timeline. The Trump administration is quickening the path towards civil unrest. In turn, the day of the rope for leftards hastens.

The left’s favorite e-celebrity, Alex Jones, is out with a report tonight, citing his sources deep within the White House saying that McMaster himself leaked the details of the Trump-Russian meeting last week, in order to make himself indispensable. Jones claims this machiavellian move by Mcmaster was designed to make it impossible for Trump to fire him — since it would expose Trump to salacious rumors and only serve to derail his agenda.

Here is Jones doing a Periscope with Roger Stone, gabbing about the latest drama.

One thing is abundantly clear: “they” aren’t going to let him do anything. As investors, I think it’d be wise to start discounting in the fact that none of Trump’s economic plans are going to get passed. They will not rest until this President…

The only form of western democracy that is acceptable to the marxist media and deep state shills is the overt liberal varietal, which is synonymous with societal and cultural suicide.

Alas, the Luciferians need their sacrificial blood.

Pro-tip for people trying to discern fake news from the main stream media: whenever a salacious story appears out of nowhere, typically of an incredulous nature, copy and paste the article into a word press file to see if the word count is more than 1,500. Usually, the media propagandists dress up their fake reports with a lot of subterfuge, in order to give it the semblance of importance. Any normie might see tonight’s Washpo report, claiming the President revealed top secret info, without naming sources or even the slightest details of what the intel was about, and think it was important, since it was so long and wordy.

Meanwhile, the report is 100% shit, without sources or anything in it to be taken seriously.

Source: Washpo Fake News

President Trump revealed highly classified information to the Russian foreign minister and ambassador in a White House meeting last week, according to current and former U.S. officials, who said Trump’s disclosures jeopardized a critical source of intelligence on the Islamic State.

The information the president relayed had been provided by a U.S. partner through an intelligence-sharing arrangement considered so sensitive that details have been withheld from allies and tightly restricted even within the U.S. government, officials said.

The partner had not given the United States permission to share the material with Russia, and officials said Trump’s decision to do so endangers cooperation from an ally that has access to the inner workings of the Islamic State. After Trump’s meeting, senior White House officials took steps to contain the damage, placing calls to the CIA and the National Security Agency.

“This is code-word information,” said a U.S. official familiar with the matter, using terminology that refers to one of the highest classification levels used by American spy agencies. Trump “revealed more information to the Russian ambassador than we have shared with our own allies.”

One day after dismissing Comey, Trump welcomed Russian Foreign Minister Sergei Lavrov and Ambassador Sergey Kislyak — a key figure in earlier Russia controversies — into the Oval Office. It was during that meeting, officials said, that Trump went off script and began describing details of an Islamic State terrorist threat related to the use of laptop computers on aircraft.

For almost anyone in government, discussing such matters with an adversary would be illegal. As president, Trump has broad authority to declassify government secrets, making it unlikely that his disclosures broke the law.

Soooo, literally nothing.

More Washpo nonsense, the ride never ends

Thank you Julie Tate and Ellen Nakashima for wasting 5 minutes of my time reading this complete shit.

Nationa Security Advisor, H.R. Mcmaster, weighs in.

The modern day robber barons have disclosed their latest, nonsensical, scatter-brained, moves. Here are some of the lowlights.

Source: Briefing.com
Simon Properties indicated lower after Neuberger Berman Group’s Steve Eisman says short; recommends as a retail play – SPG

ValueAct Holdings (Jeffrey Ubben, Bradley Singer) discloses updated portfolio positions in 13F filing reflecting increased BHI VRX NTCT ADS positions
Highlights from 2017 Q1 filing as compared to 2016 Q4 filing:

New positions in: BIVV (~8.48 mln shares)

Increased positions in: BHI (to ~31.41 mln shares from ~27.41 mln shares), VRX (to ~18 mln from ~14.99 mln), NTCT (to ~2.3 mln from ~1.65 mln), ADS (to ~5.88 mln from ~5.25 mln)

Maintained positions in: FOX (~53.33 mln shares), CBG (~41.87 mln shares), TRN (~15.58 mln shares), STX (~9.54 mln shares), AWI (~9.2 mln shares), WLTW (~8.11 mln shares)

Closed positions in: ALSN (from ~10.53 mln shares)

Decreased positions in: MSFT (to ~23.01 mln shares from ~38.63 mln shares), MS (to ~17.88 mln from ~26.9 mln)

BP Capital (Boone Pickens) discloses updated portfolio positions in 13F filing with new HUN SND PE SUM AM PUMP positions
Highlights from 2017 Q1 filing as compared to 2016 Q4 filing:

New positions in: HUN (~0.22 mln shares), SND (~0.18 mln), PE (~0.17 mln), SUM (~0.13 mln), AM (~0.1 mln), PUMP (~0.06 mln), CQP (~0.04 mln), NBLX (~0.04 mln), EQM (~0.04 mln), MMP (~0.02 mln)

Increased positions in: EPD (to ~0.33 mln shares from ~0.11 mln shares), MPLX (to ~0.2 mln from ~0.07 mln), BHI (to ~0.13 mln from ~0.05 mln), TRGP (to ~0.12 mln from ~0.05 mln), PTEN (to ~0.23 mln from ~0.18 mln) ENBL (to ~0.24 mln from ~0.21 mln), TEP (to ~0.04 mln from ~0.02 mln) SEP (to ~0.03 mln from ~0.01 mln), NS (to ~0.06 mln from ~0.04 mln)

Closed positions in: SPN (from ~0.64 mln shares), SXL (from ~0.46 mln), NOV (from ~0.23 mln), NWL (from ~0.2 mln), EEP (from ~0.16 mln), OKS (from ~0.15 mln), NFX (from ~0.12 mln), JBLU (from ~0.11 mln)

Decreased positions in: WPX (to ~0.38 mln shares from ~0.96 mln shares), FET (to ~0.14 mln from ~0.49 mln), NR (to ~0.18 mln from ~0.51 mln), SUN (to ~0.11 mln from ~0.42 mln), HZN (to ~0.14 mln from ~0.45 mln), KMI (to ~0.49 mln from ~0.68 mln), LNG (to ~0.1 mln from ~0.27 mln), GT (to ~0.16 mln from ~0.27 mln), WPZ (to ~0.25 mln from ~0.35 mln), RSPP (to ~0.15 mln from ~0.24 mln)

Jericho Capital (Josh Resnick – presented at Sohn Conference last week) discloses updated portfolio positions in 13F filing with new LC / SYMC positions

Highlights from 2017 Q1 filing as compared to 2016 Q4 filing:

New positions in: LC (~5.91 mln shares), MOMO (~2.21 mln), SYMC (~1.26 mln), RHT (~1.07 mln), CTRP (~0.96 mln), ATVI (~0.95 mln), CRTO (~0.9 mln)
Increased positions in: ZEN (to ~2.46 mln shares from ~1.8 mln shares), TTWO (to ~0.78 mln from ~0.4 mln), ADI (to ~0.59 mln from ~0.51 mln), NOW (to ~0.75 mln from ~0.69 mln)

Maintained positions in: STMP (~0.6 mln shares

Closed positions in: P (from ~6.05 mln shares), AMD (from ~4.63 mln), CY (from ~3.07 mln), SABR (from ~2.96 mln), MGM (from ~2.51 mln), FEYE (from ~2.08 mln), S (from ~2.07 mln), ARRS (from ~1.36 mln)

Decreased positions in: MRVL (to ~5.82 mln shares from ~7.44 mln shares), DISH (to ~0.75 mln from ~1.66 mln), MBT (to ~2.78 mln from ~3.55 mln), TMUS (to ~1.83 mln from ~2.33 mln), PFPT (to ~0.44 mln from ~0.57 mln), CHTR (to ~0.14 mln from ~0.24 mln), MELI (to ~0.24 mln from ~0.28 mln)

Luxor Capital Group discloses updated portfolio positions in 13F filing with new CJ position, closed out HLT / BJRI

Highlights from 2017 Q1 filing as compared to 2016 Q4 filing:

New positions in: CJ (~3.68 mln shares), AFI (~0.07 mln)

Increased positions in: HGV (to ~1.95 mln shares from ~0.36 mln shares), ALLY (to ~3.45 mln from ~2 mln), VOYA (to ~1.62 mln from ~1.27 mln)
Maintained positions in: MB (~4.17 mln shares), GRUB (~4.08 mln shares), NXST (~0.4 mln shares)

Closed positions in: BAS (from ~2.57 mln shares), HLT (from ~2.25 mln), BJRI (from ~2.1 mln), DYN (from ~1.46 mln), RESI (from ~0.62 mln), ARCH (from ~0.31 mln), AAMC (from ~0.09 mln)

Decreased positions in: GLNG (to ~0.91 mln shares from ~3.39 mln shares), DHXM (to ~4.53 mln from ~6.56 mln), VDTH (to ~4.15 mln from ~5.65 mln), IWM (to ~0.24 mln from ~0.92 mln), IAC (to ~0.16 mln from ~0.77 mln), LBTYK (to ~1.8 mln from ~2.09 mln), CONN (to ~0.05 mln from ~0.22 mln)

Etsy: TPG Group Holdings discloses 4.3% active stake, believes Etsy will be best served by a commitment from partners who are also focused on creating long-term value in both public and private companies

Shake Shack: 12 West Capital Management discloses 5.7% passive stake

Canyon Capital discloses updated portfolio positions in 13F filing: Adds DHT, CAH, MCK, SNAP; Closes BAC, BK, WFC, C
Highlights from 2017 Q1 filing as compared to 2016 Q4 filing:

New positions in: CSTM (~3.03 mln shares), ARD (~1.95 mln), CJ (~1.86 mln), DHT (~1.7 mln), NRG (~1.43 mln), TRCO (~1.39 mln), CAH (~0.32 mln), AGN (~0.3 mln), MCK (~0.21 mln), ABC (~0.18 mln), SNAP (~0.14 mln).

Increased positions in: TWX (to ~5.7 mln shares from ~1.15 mln shares), YHOO (to ~27.91 mln from ~24.87 mln), MGM (to ~17.82 mln from ~14.94 mln), BERY (to ~4.96 mln from ~3.14 mln), CMCS.A (to ~2.66 mln from ~1.13 mln) RAI (to ~3.17 mln from ~2.79 mln),
Maintained positions in: ALLY (~8.94 mln shares

Closed positions in: BAC (from ~1.83 mln shares), CYH (from ~1 mln), VAL (from ~0.9 mln), BK (from ~0.84 mln), TWNK (from ~0.76 mln), WFC (from ~0.74 mln), C (from ~0.7 mln)

Decreased positions in: SCI (to ~1.5 mln shares from ~2.55 mln shares), CAR (to ~0.85 mln from ~0.98 mln), DVMT (to ~0.43 mln from ~0.54 mln)

Elliott Management (Paul Singer) discloses updated portfolio positions in 13F filing with new ABCO CJ LOGM MJN EGN ACAD MON NFX positions
Highlights from 2017 Q1 filing as compared to 2016 Q4 filing:

New positions in: ABCO (~2.03 mln shares), CJ (~1.32 mln), LOGM (~1.22 mln), MJN (~1.05 mln), EGN (~0.85 mln), ACAD (~0.78 mln), MON (~0.44 mln), NFX (~0.39 mln)

Increased positions in: NRG (to ~18.07 mln shares from ~4.38 mln shares), ARNC (to ~51.1 mln from ~37.54 mln), ECA (to ~18.89 mln from ~12.13 mln; also has calls), NOG (to ~4.58 mln from ~2.45 mln), RRTS (to ~3.31 mln from ~1.86 mln) DVMT (to ~7.46 mln from ~7.13 mln), CTXS (to ~7.09 mln from ~6.71 mln)

Maintained positions in: HES (~18.8 mln shares), AA (~10.24 mln shares), CDK (~8.11 mln shares)

Closed positions in: SYMC (from ~12 mln shares), TSU (from ~7.57 mln), GTYH (from ~4.4 mln), AGN (from ~2.74 mln), CYH (from ~1.83 mln), CNDT (from ~1.75 mln), THC (from ~1.49 mln), NXPI (from ~0.91 mln)

Decreased positions in: ABG (to ~0.21 mln shares from ~0.38 mln shares)

Paulson & Co (John Paulson) discloses updated portfolio positions in 13F filing: Adds TMUS, DISH; Closes HPE, VMW, TTWO
Highlights from 2017 Q1 filing as compared to 2016 Q4 filing:

New positions in: BKD (~5.04 mln shares), TMUS (~4.14 mln), DISH (~3.45 mln), ARNC (~0.98 mln), XENT (~0.64 mln), TNDM (~0.5 mln), TRVN (~0.41 mln), FGL (~0.4 mln), Z (~0.17 mln), TEAM (~0.16 mln)

Increased positions in: MJN (to ~1.18 mln shares from ~0.03 mln shares), NXPI (to ~1.13 mln from ~0.37 mln), SD (to ~0.67 mln from ~0.25 mln), DVAX (to ~0.46 mln from ~0.17 mln), RIGL (to ~0.55 mln from ~0.39 mln), ESPR (to ~0.23 mln from ~0.1 mln), GSK (to ~0.42 mln from ~0.3 mln) STE (to ~0.42 mln from ~0.31 mln), PFE (to ~0.41 mln from ~0.35 mln), FDX (to ~0.05 mln from ~0.01 mln)

Maintained positions in: VRX (~19.38 mln shares), CACQ (~13.12 mln shares), AKRX (~8.4 mln shares), MNK (~7.5 mln shares), AIG (~4.55 mln shares), GLD (~4.36 mln shares), SHPG (~4 mln shares), TWX (~3.02 mln shares)

Closed positions in: HPE (from ~2.98 mln shares), DVMT (from ~1.09 mln), VMW (from ~0.99 mln), ATVI (from ~0.97 mln), TTWO (from ~0.97 mln)

Decreased positions in: STAY (to ~20.09 mln shares from ~28.63 mln shares), TEVA (to ~11 mln from ~15.93 mln), ETSY (to ~0.83 mln from ~1.27 mln), AEM (to ~0.76 mln from ~1.08 mln), EBAY (to ~0.47 mln from ~0.62 mln), INSM (to ~0.09 mln from ~0.21 mln), SNY (to ~0.15 mln from ~0.25 mln), GOLD (to ~0.43 mln from ~0.5 mln)

General Electric CEO Jeffrey Immelt discloses purchase of 100K shares at $28.03-28.08, worth ~$2.8 mln

Jana Partners (Barry Rosenstein) discloses updated portfolio positions in 13F filing: Affirms new WFM positions
Highlights from 2017 Q1 filing as compared to 2016 Q4 filing:

New positions in: WFM (~14.27 mln shares), TIF (~5.67 mln), HPE (~4.44 mln), FWONK (~4.15 mln), DOW (~3.55 mln), QVCA (~2.96 mln), HAWK (~2.7 mln), LSXMK (~1.76 mln), LSXMA (~1.61 mln), SHW (~0.65 mln), SHPG (~0.54 mln), WBMD (~0.45 mln), LADR (~0.3 mln), LAUR (~0.29 mln), PSDO (~0.13 mln)

Increased positions in: ZAYO (to ~2.44 mln shares from ~1.03 mln shares), CTSH (to ~2.63 mln from ~1.44 mln), SEM (to ~2.97 mln from ~2.27 mln), AET (to ~1.45 mln from ~0.89 mln), YHOO (to ~2.51 mln from ~2 mln) DERM (to ~0.66 mln from ~0.24 mln), UHS (to ~2.45 mln from ~2.05 mln)

Maintained positions in: LBRDK (~5.31 mln shares), WLTW (~1.48 mln)

Closed positions in: TIME (from ~5 mln shares), LW (from ~1.86 mln), VVV (from ~1.32 mln), HRS (from ~1.1 mln), DVMT (from ~0.75 mln), PRXL (from ~0.75 mln)

Decreased positions in: BMY (to ~0.72 mln shares from ~3.87 mln shares), CRM (to ~1.78 mln from ~3.17 mln), NUVA (to ~1.2 mln from ~1.81 mln)

Blue Ridge Capital (John Griffin) discloses updated portfolio positions in 13F filing:

Highlights from 2017 Q1 filing as compared to 2016 Q4 filing:

New positions in: CSX (~4.84 mln shares), LW (~1.8 mln), MDCO (~1.1 mln)

Increased positions in: BAC (to ~15.62 mln shares from ~13.95 mln shares), LILAK (to ~4.78 mln from ~4.01 mln), AGN (to ~1.91 mln from ~1.54 mln), ALNY (to ~1.59 mln from ~1.32 mln), TDG (to ~1.39 mln from ~1.18 mln) NKE (to ~5.34 mln from ~4.99 mln),

Maintained positions in: HDS (~7.2 mln shares), WFC (~5.57 mln shares), LBTYK (~5.51 mln shares)

Closed positions in: CHK (from ~11.88 mln shares), SWN (from ~6.72 mln), FIT (from ~3.87 mln), GPRO (from ~1.76 mln), AMBA (from ~1.63 mln), GPOR (from ~1.57 mln), TSX:CP (from ~1.5 mln), NFLX (from ~1.39 mln), Z (from ~0.54 mln), TSLA (from ~0.16 mln)

Decreased positions in: CDK (to ~5.09 mln shares from ~5.55 mln shares), C (to ~3.97 mln from ~5.57 mln), ADSK (to ~5.7 mln from ~7.24 mln), TRU (to ~1.3 mln from ~2.62 mln), GRA (to ~1.98 mln from ~2.7 mln), FB (to ~2.8 mln from ~3.41 mln), CHTR (to ~1.01 mln from ~1.51 mln), V (to ~2.13 mln from ~2.4 mln)

Owl Creek Asset (Jeffrey Altman) discloses updated portfolio positions in 13F filing: New COT CYH positions
Highlights from 2017 Q1 filing as compared to 2016 Q4 filing:

New positions in: COT (~2.74 mln shares), CYH (~0.46 mln), KAACU (~0.44 mln), HTHT (~0.25 mln), NTES (~0.15 mln)

Increased positions in: CIT (to ~3.95 mln shares from ~2.34 mln shares), C (to ~1.15 mln from ~0.35 mln), HLF (to ~1.47 mln from ~0.67 mln), AAP (to ~0.62 mln from ~0.36 mln), ADNT (to ~1.36 mln from ~1.18 mln) TAL (to ~0.45 mln from ~0.37 mln),

Maintained positions in: SERV (~2.61 mln shares), PDVW (~2.13 mln)

Closed positions in: VER (from ~3.94 mln shares), BAC (from ~0.9 mln), LPX (from ~0.89 mln), NNA (from ~0.75 mln), HCA (from ~0.74 mln), DISH (from ~0.48 mln)

Decreased positions in: LW (to ~2.03 mln shares from ~2.31 mln shares) YHOO (to ~14.29 mln from ~15.72 mln)

Soros Fund Management (George Soros) discloses updated portfolio positions in 13F filing

Highlights from 2017 Q1 filing as compared to 2016 Q4 filing:

New positions in: SNAP (~1.65 mln shares), CNDT (~1.59 mln), CJ (~1 mln), GRAM (~0.73 mln), LRCX (~0.56 mln), KMI (~0.49 mln), TTWO (~0.46 mln), TSX:AYA (~0.45 mln), FWON.A (~0.43 mln), COP (~0.4 mln)

Increased positions in: SIGM (to ~3.7 mln shares from ~1.57 mln shares), HPE (to ~3.2 mln from ~1.07 mln), NOMD (to ~1.33 mln from ~0.21 mln), BV (to ~1.67 mln from ~0.71 mln), MDLZ (to ~1.24 mln from ~0.46 mln) SYMC (to ~1.2 mln from ~0.43 mln), SREV (to ~1 mln from ~0.44 mln) RAI (to ~0.58 mln from ~0.05 mln),

Maintained positions in: CACQ (~5.71 mln shares

Closed positions in: TVPT (from ~2.4 mln shares), IMOS (from ~1.28 mln), EXTR (from ~0.97 mln), GDS (from ~0.76 mln), EBAY (from ~0.67 mln), P (from ~0.6 mln), KSS (from ~0.6 mln), FHB (from ~0.53 mln), FITB (from ~0.52 mln)

Decreased positions in: AGRO (to ~8.92 mln shares from ~11.92 mln shares), INVN (to ~0.38 mln from ~1.31 mln), VIAV (to ~0.37 mln from ~1.27 mln), KEG (to ~1.25 mln from ~1.85 mln), SUPV (to ~1.67 mln from ~2 mln), UBNT (to ~0.05 mln from ~0.17 mln), CYBR (to ~0.19 mln from ~0.28 mln), MLNX (to ~0.07 mln from ~0.15 mln), LBRDK (to ~7.91 mln from ~8.32 mln)

Glenview Capital (founder-Larry Robbins, Pres Mark Horowitz) discloses updated portfolio positions in 13F filing:

Highlights from 2017 Q1 filing as compared to 2016 Q4 filing:

New positions in: INTC (~4.93 mln shares), HAIN (~2.75 mln), SHPG (~1.02 mln), TMUS (~0.79 mln), ZBH (~0.77 mln), TSS (~0.73 mln), MHK (~0.36 mln), DD (~0.21 mln)

Increased positions in: ENDP (to ~10.38 mln shares from ~4.25 mln shares), DOW (to ~11.86 mln from ~8.8 mln), CCE (to ~4.32 mln from ~2.01 mln), LOW (to ~5.45 mln from ~4.08 mln), FMC (to ~10.58 mln from ~9.55 mln) MCK (to ~0.92 mln from ~0.68 mln), V (to ~2.11 mln from ~1.88 mln)

Maintained positions in: Q (~6.9 mln shares), CBS (~5.47 mln shares), AET (~5.03 mln shares), AAPL (~3.14 mln shares)

Closed positions in: HLS (from ~7.27 mln shares), MAN (from ~1.73 mln), WBA (from ~1.5 mln), ABG (from ~0.57 mln), TWX (from ~0.4 mln)

Decreased positions in: FLEX (to ~31.48 mln shares from ~37.17 mln shares) FDC (to ~10.72 mln from ~13.55 mln), PAH (to ~11.2 mln from ~13.85 mln), BKD (to ~14.73 mln from ~16.63 mln), ABBV (to ~7.3 mln from ~9.12 mln), LH (to ~2.66 mln from ~4.19 mln), MRVL (to ~2.64 mln from ~3.92 mln), WMB (to ~7.24 mln from ~8.44 mln), ANTM (to ~4.71 mln from ~5.87 mln)

Eminence Capital (Ricky Sandler) discloses updated portfolio positions in 13F filing: Adds CYBR; Closes FTNT, TTWO, HUM, and MON

Highlights from 2017 Q1 filing as compared to 2016 Q4 filing:

New positions in: CYBR (~0.42 mln shares)

Increased positions in: RXN (to ~7.2 mln shares from ~0.81 mln shares), WEN (to ~11.72 mln from ~9.17 mln), IMPV (to ~3.3 mln from ~1.48 mln), FNF (to ~5.64 mln from ~3.95 mln), TRIP (to ~2.7 mln from ~1.5 mln) TLRD (to ~7.25 mln from ~6.14 mln), STZ (to ~0.87 mln from ~0.6 mln)

Maintained positions in: ZNGA (~58 mln shares), LQ (~10.59 mln shares), LEN (~8.52 mln shares), ARRS (~7.66 mln shares), USFD (~5 mln shares), INXN (~4.53 mln shares), ICE (~4.13 mln shares), ANTM (~0.99 mln shares)

Closed positions in: G (from ~5.18 mln shares), FTNT (from ~3.13 mln), TTWO (from ~1.87 mln), CAA (from ~1.37 mln), VSAT (from ~1.24 mln), HUM (from ~1.08 mln), MON (from ~0.23 mln)

Decreased positions in: ADSK (to ~8.08 mln shares from ~11.6 mln shares), CF (to ~2.67 mln from ~5.28 mln), AN (to ~1.3 mln from ~3.42 mln), CBG (to ~3.7 mln from ~5.82 mln), P (to ~10.55 mln from ~12.34 mln), YHOO (to ~0.35 mln from ~2.06 mln), DNKN (to ~2.99 mln from ~4.54 mln), MS (to ~1.66 mln from ~2.91 mln)

Berkshire Hathaway (Warren Buffett) discloses updated portfolio positions in 13F filing: Not seeing any new positions

Highlights from 2017 Q1 filing as compared to 2016 Q4 filing:

Increased positions in: AAPL (to ~129.36 mln shares from ~57.36 mln shares), BK (to ~33.01 mln from ~21.67 mln), LUV (to ~47.66 mln from ~43.2 mln)

Maintained positions in: WFC (~0 mln shares), KO (~0 mln shares), KHC (~0 mln shares), AXP (~0 mln shares), USB (~0 mln shares), PSX (~0 mln shares)

Closed positions in: FOXA (from ~8.95 mln shares)

Decreased positions in: IBM (to ~64.56 mln shares from ~81.23 mln shares), WBC (to ~2.91 mln from ~3.37 mln)

Orbimed Advisors discloses updated portfolio positions in 13F filing: Adds MYL, SRRA; Closes ITEK, SGMO, ABT

Highlights from 2017 Q1 filing as compared to 2016 Q4 filing:

New positions in: SRRA (~3.7 mln shares), OBSV (~2.61 mln), AUPH (~1.8 mln), CNC (~1.66 mln), MYL (~1.3 mln), ACAD (~1.17 mln), GBT (~1.08 mln), SRPT (~1.05 mln), RDUS (~0.7 mln), HRTX (~0.65 mln)

Increased positions in: SGYP (to ~21.15 mln shares from ~18.24 mln shares), THC (to ~5.35 mln from ~3.72 mln), SEM (to ~2.09 mln from ~0.83 mln), ADAP (to ~1.91 mln from ~0.72 mln), MRK (to ~5.71 mln from ~4.62 mln) DERM (to ~1.02 mln from ~0.43 mln), AET (to ~1.31 mln from ~0.81 mln) EW (to ~1.84 mln from ~1.35 mln), BMY (to ~1.91 mln from ~1.49 mln),

Maintained positions in: BSX (~15.31 mln shares), ALXN (~3.71 mln shares), CELG (~3.13 mln shares), VRTX (~2.17 mln shares), INCY (~1.97 mln shares)
Closed positions in: ITEK (from ~1.85 mln shares), FWP (from ~0.8 mln), SGMO (from ~0.71 mln), PTLA (from ~0.55 mln), MOH (from ~0.5 mln), ABT (from ~0.25 mln), PTCT (from ~0.2 mln), RARE (from ~0.17 mln)

Decreased positions in: IMMU (to ~1.23 mln shares from ~3.8 mln shares), ARRY (to ~14.18 mln from ~16.09 mln), NBIX (to ~0.44 mln from ~2.13 mln), AFMD (to ~2.02 mln from ~3.38 mln), AMGN (to ~1.44 mln from ~2.33 mln), ABBV (to ~2.08 mln from ~2.93 mln), MNTA (to ~2.11 mln from ~2.95 mln), MDGS (to ~0.06 mln from ~0.6 mln), GKOS (to ~1.74 mln from ~2.18 mln), XENE (to ~0.63 mln from ~1 mln)

Pershing Square Capital (Bill Ackman) discloses updated portfolio positions in 13F filing:

Highlights from 2017 Q1 filing as compared to 2016 Q4 filing:

Maintained positions in: PAH (~40.45 mln shares), QSR (~39.15 mln shares), NOMD (~33.33 mln shares), HHC (~3.57 mln shares), CMG (~2.88 mln shares)

Closed positions in: VRX (from ~18.11 mln shares)

Decreased positions in: MDLZ (to ~19.94 mln shares from ~22.94 mln shares), APD (to ~2.28 mln from ~3.87 mln)

Carl Icahn discloses updated portfolio positions in 13F filing:

Highlights from 2017 Q1 filing as compared to 2016 Q4 filing:

New positions in: CNDT (~19.81 mln shares)

Maintained positions in: XRX (~99.03 mln shares), FCX (~91.24 mln shares), CVI (~71.2 mln shares), AIG (~45.64 mln shares), LNG (~32.68 mln shares),

PYPL (~31.57 mln shares), HTZ (~29.26 mln shares), HLF (~22.87 mln shares)

Closed positions in: NUAN (from ~18.38 mln shares), AGN (from ~0.43 mln)

Greenlight Capital (David Einhorn ) discloses updated portfolio positions in 13F filing:

Highlights from 2017 Q1 filing as compared to 2016 Q4 filing:

New positions in: CNDT (~5.96 mln shares), PRGO (~1.7 mln), MU (~1.6 mln), ALR (~1.05 mln), CLPR (~1 mln), VREX (~0.67 mln)

Increased positions in: GM (to ~54.76 mln shares from ~13.17 mln shares), CNX (to ~22.66 mln from ~15.4 mln), FRED (to ~2.18 mln from ~1.5 mln)
Maintained positions in: GRBK (~24.12 mln shares), AER (~12.46 mln shares), MYL (~8.69 mln shares), GDX (~7.94 mln shares), VOYA (~5.92 mln shares), YHOO (~4.28 mln shares)

Closed positions in: AGR (from ~1.57 mln shares), YELP (from ~0.87 mln)

Decreased positions in: CC (to ~5 mln shares from ~8.95 mln shares), RAD (to ~16.78 mln from ~20.46 mln), AAPL (to ~3.97 mln from ~5.81 mln), TWX (to ~2.06 mln from ~3.31 mln)

Baker Bros discloses updated portfolio positions in 13F filing: new TNXP BPMX ANAB JNCE positions

Highlights from 2017 Q1 filing as compared to 2016 Q4 filing:

New positions in: TNXP (~0.45 mln shares), BPMX (~0.38 mln), ANAB (~0.15 mln), JNCE (~0.1 mln), BIVV (~0.01 mln)

Increased positions in: INCY (to ~34.11 mln shares from ~23.5 mln shares), CBAY (to ~1.41 mln from ~0.31 mln), GNMX (to ~1.62 mln from ~0.88 mln), RIGL (to ~2.52 mln from ~2.02 mln), SGMO (to ~4.53 mln from ~4.06 mln) TRVN (to ~0.86 mln from ~0.45 mln), HRTX (to ~2.78 mln from ~2.38 mln) LJPC (to ~0.38 mln from ~0.01 mln),

Maintained positions in: SGEN (~45.72 mln shares), ACAD (~25.82 mln shares), GHDX (~13.77 mln shares), ALXN (~6.54 mln shares), BMRN (~4.81 mln shares)

Closed positions in: ADHD (from ~2.34 mln shares), ABBV (from ~1.69 mln), OSIR (from ~0.5 mln), SCYX (from ~0.47 mln), TENX (from ~0.42 mln), NERV (from ~0.26 mln)

Decreased positions in: ARRY (to ~1.59 mln shares from ~2.59 mln shares), ZGNX (to ~0.38 mln from ~0.84 mln), EXEL (to ~2.6 mln from ~3 mln), VSAR (to ~1.66 mln from ~1.92 mln), AGLE (to ~0.19 mln from ~0.4 mln), CRBP (to ~0.13 mln from ~0.26 mln), PRTO (to ~0.3 mln from ~0.39 mln), JUNO (to ~0.05 mln from ~0.08 mln)

Duquesne Family Office (Stanley Druckenmiller) discloses updated portfolio positions in 13F filing with new ABX POT S MSFT CRM positions

Highlights from 2017 Q1 filing as compared to 2016 Q4 filing:

New positions in: ABX (~2.85 mln shares), POT (~2.09 mln), S (~1.66 mln), MSFT (~1.62 mln), CRM (~0.96 mln), CTRP (~0.91 mln), AEM (~0.88 mln), PTC (~0.83 mln), CMCSA (~0.69 mln), NKTR (~0.67 mln)

Increased positions in: ACIU (to ~2.39 mln shares from ~1.58 mln shares), LYB (to ~1.16 mln from ~0.57 mln), COG (to ~0.96 mln from ~0.43 mln), AA (to ~1.37 mln from ~1.2 mln), PXD (to ~0.13 mln from ~0.11 mln)

Closed positions in: FCX (from ~2.88 mln shares), XLF (from ~2.4 mln), ABBV (from ~1.22 mln), IWM (from ~0.99 mln), WFC (from ~0.96 mln), C (from ~0.93 mln), SWN (from ~0.83 mln)

Decreased positions in: HAL (to ~0.3 mln shares from ~1.04 mln shares), BAC (to ~2.11 mln from ~2.56 mln), NUE (to ~0.16 mln from ~0.36 mln)

Tiger Global discloses updated portfolio positions in 13F filing: New positions in APO, TDOC; increased position in DPZ; closed position in VIPS and SYMC

Highlights from 2017 Q1 filing as compared to 2016 Q4 filing:

New positions in: APO (~23.33 mln shares), TDOC (~4.9 mln), VXX (~1.22 mln), AMT (~0.61 mln), NFLX (~0.43 mln), ELF (~0.43 mln)

Increased positions in: DPZ (to ~2.9 mln shares from ~0.61 mln shares), TDG (to ~2.54 mln from ~0.43 mln), EDU (to ~2.43 mln from ~1.57 mln), TAL (to ~1.77 mln from ~1.27 mln), FB (to ~0.71 mln from ~0.37 mln)

Maintained positions in: JD (~46.19 mln shares), AMZN (~1.35 mln)

Closed positions in: VIPS (from ~5.02 mln shares), SYMC (from ~2.63 mln)

Decreased positions in: FCAU (to ~34.7 mln shares from ~52.74 mln shares), CHTR (to ~1.57 mln from ~2.33 mln), BABA (to ~4.76 mln from ~5.28 mln), ONDK (to ~2.09 mln from ~2.46 mln)

Coatue Management discloses updated portfolio positions in 13F filing: New SNAP UAA / UA positions

Highlights from 2017 Q1 filing as compared to 2016 Q4 filing:

New positions in: SNAP (~20.96 mln shares), EBAY (~8.1 mln), FWONK (~6 mln), UAA (~1.53 mln), DDD (~0.96 mln), UA (~0.46 mln)

Increased positions in: SYMC (to ~17.16 mln shares from ~4.51 mln shares), BAC (to ~22.76 mln from ~14.68 mln), AVGO (to ~2.94 mln from ~1.98 mln), DIS (to ~2.25 mln from ~1.46 mln), JPM (to ~2.63 mln from ~1.88 mln) AMZN (to ~0.4 mln from ~0.27 mln), FB (~6.65 mln shares from ~6 mln)

Maintained positions in: JD (~12.66 mln shares), ATVI (~11.98 mln shares), LBRDK (~8.65 mln shares), EA (~4.34 mln shares), BABA (~4.18 mln shares), NVDA (~4.12 mln shares), NFLX (~3.01 mln shares)

Closed positions in: XLF (from ~13.26 mln shares), HTZ (from ~1.64 mln), AKRX (from ~1.43 mln), MBLY (from ~1.27 mln), LCI (from ~1.13 mln), BOX (from ~1.12 mln), SPLK (from ~1.1 mln), AMBA (from ~0.87 mln), CALM (from ~0.84 mln), FFIV (from ~0.82 mln)

Decreased positions in: FIT (to ~5.25 mln shares from ~8.27 mln shares), HAIN (to ~1.08 mln from ~2.06 mln), CMCM (to ~0.47 mln from ~1.25 mln), NTRI (to ~0.04 mln from ~0.69 mln), EQIX (to ~0.53 mln from ~0.89 mln), SSYS (to ~0.46 mln from ~0.76 mln), AMT (to ~1.06 mln from ~1.31 mln), GOOG (to ~0.41 mln from ~0.56 mln), ALGT (to ~0.03 mln from ~0.16 mln), AAPL (~2.94 mln shares from 3.2 mln)

Immediately, I know many of you traderfags are up in arms over that title, ready to show me your recent executions for VJET and DDD. But most normal people out there do not have the 3-d sector cordoned off, isolated to view its alpha.

With gains of 25% over the past month, color me impressed. However, and bear this in mind, every single 3-d combined equates to a market less than $9b, so it’s literally nothing in the big scheme of things. Needless to say, this sector has been on fire.

Now let me show you a tool inside Exodus that could’ve helped you into this sector before it ran higher.  This is a composite reading of all of the best performing industries, by month, using seasonal return statistics. In other words, over the course of X amount of month’s, the 3-D printing space netted an average return of +4.18%. The way you would’ve traded it is simple. The screener would be fixed for best performing industries, correlated against the top ranked tech scores. It would only produce a ‘pick’ if the tech score eclipsed 3.00.

For DDD, that came on the first day of the month, when the stock was $16.24.

For these types of trades, I normally recommend 10 day holding periods, no more. In that case, you’d be selling this stock tomorrow — for at least a 36% gain.

When I discussed building systems and models, this is precisely what I was talking about. This would be a seasonality model, based on alpha.

Hopefully this Friday my new strategy can be implemented and you might bear witness to this sort of greatness unraveling in real time — just like the old days, but on a much higher level of sophistication.

The end must be near for Sears. Last week they blamed the media for their sales slumps, today they’re going public about a business negotiation gone bad with a Chinese vendor, One World, maker of shitty furniture.

SAD!

10:34 | SHLD | (8.84 -0.64)
Sears Holdings CEO says ‘taking a stand to protect our company’ against a vendor

“Today, we are taking a stand against one vendor that is trying to take unfair advantage of us: One World, a company with whom we have had over a nine-year business relationship, has threatened to refuse to perform under their Supply Agreement unless we agree to what we believe are unreasonable demands. One World has informed us of their intention to take the very aggressive step of filing a lawsuit against us as they seek to embarrass us in the media to force us to let them out of their contract. But Sears has nothing to be embarrassed about — we have lived up to our word under our contract, and we will take the appropriate legal action to protect our rights and ensure that One World honors their contract.”\
“One World is a subsidiary of Techtronic Industries, a conglomerate based in China with over $5 billion in revenues…we have paid One World more than $868 million since 2007 — a relationship that helped One World build a formidable presence in the tool industry. Sears has paid and continues to make all payments to One World as they come due, and we are fully capable of continuing to meet our obligations under the Supply Agreement.

There are important competitive reasons why we will fight hard to hold One World to honor our agreement. One World also manufactures power tools for other companies — by reducing its commitment to Sears, One World can do more business with those other companies by diverting resources now committed to Sears without incurring the cost of expanding its manufacturing or outsourced procurement capacity.”

This is the slowest and most predictable implosion of a major retailer ever. People have been predicting the demise of Sears-Kmart for well over a decade now. The final stages of it are becoming increasingly undignified.