Dan AmossDan Amoss

Dan Amoss, CFA, tracks aggressive accounting and other red flags that markets miss. He’s a student of the Austrian School of economics and Daily Reckoning fan since 2000. Agora Financial relies on Dan for macro market commentary as well as profitable plays like his 2008 call to readers to buy Lehman Bros. puts, which gained 462% as the stock fell from $45 to $12. And he called American Airlines’ bankruptcy long before the Chapter 11 filing, telling readers to short the stock, which tanked from $6 to just 26 cents.

Formerly, he was investment adviser to one of the top small-cap mutual funds in the country. He grew up on a semi-working small farm that his great-grandfather bought in 1907, learning thrift and the value of hard work through generations. 

This informs his drive to seek truth and expose frauds and promotions that suck in investors. He cut his teeth in finance interviewing management teams in “roadshows” and so knows the kind of BS they sell.

His bottom-up investing style focuses on management strategy, return on capital and the truth (and lies) buried in financial statements.

Tesla’s Upcoming Stress Test Of The S&P 500

As Tesla joins the S&P 500 index, we are likely to see a nearly no-bid environment over a few specific trading days for the non-Tesla components of the index. Such stocks must be trimmed substantially over just a few trading days by index fund managers who must raise cash for buying TSLA. There is plenty of liquidity in TSLA, and plenty of ready and willing sellers looking to dump shares into the automated bid from index fund managers.

When You Hear Stimulus, Imagine A Sugar Rush

Many economists have already forecast the types of stimulus plans that might arrive from the federal government, and how these plans might impact the economy. But endless stimulus can have long-run consequences for economic health. The result could be a radical debasement of the U.S. dollar, which promotes the case for owning gold.

MIDAS November Portfolio Update

We viewed gold’s sharp decline this week as a short-term dip and a great buying opportunity for investors. Buying during drawdowns and riding the upswings for profits is a winning combination. For now, Dan updates the latest developments for all our open positions in the portfolio, including a sell alert for gains last week.

When Momentum Stock Darlings Fall Through A Trap Door

We’re at the stage in the bull market when novice investors mistake bubble dynamics for real, sustainable fundamentals. Many of Wall Street’s “darlings” are propped up by hype and narratives instead of solid fundamentals like sustainable earnings, strong balance sheets, and predictable returns on capital. This can cause their stock prices to plummet without warning.

Lock In A 20% Return on Truist Financial

Truist issued an excellent third-quarter earnings report on Oct. 15. Its loan portfolio remains in great shape, despite the struggling economy. Also, the bank has a strong capital position with reserves that cover non-performing loans several times over. Even though we believe the stock could reach our price target by next July, it’s currently more than halfway there after only three months. So, let’s book gains now on this position.

Project Prophesy November Portfolio Update

As the U.S. election outcome remains uncertain, legal challenges and vote recounts could dominate headlines in the coming days and weeks ahead. We recommend remaining defensive in portfolio allocation with plenty of cash and small-sized option positions. For now, read on as Dan gives guidance on all our open positions, including three stocks moving from a buy to a hold.