This morning JP Morgan Chase announced their new commission-free mobile brokerage platform, a trading app. New accounts will get 100 free trades during their first year and if they maintain a balance greater than $15,000 they will continue to get… Read More
Citron Research tweeted on July 19 that AbbVie is the next great drug short. $ABBV the next great drug short. TGT price $60 Gottlieb’s comments for biosimilars and the removal of safe harbor is a DIRECT hit on Abbvie’s abuse… Read More
GE recently announced that a part of its ongoing restructuring effort it will spin-off its GE Healthcare division. GE will spin off 80% of the company to shareholders and then “monetize”, sell, their remaining 20% stake. The announcement peaked… Read More
AMM Third Quarter Client Letter: Over the last few years, no topic seems to have garnered as much interest and concern in the financial world than the specter of rising interest rates. For good reason, since interest rates affect everything… Read More
Yesterday we started selling Hilton Worldwide Holdings (HLT) in all client portfolios that held shares. We first bought Hilton in February 2017 after it completed its three-way spin-off transaction. Hilton separated its timeshare business, real estate holdings, and hotel management… Read More
Which animal is responsible for the greatest number of human deaths in the U.S. each year? ¹ Alligator Bear Deer Shark Snake The answer might surprise you. Deer are responsible for about 120 human deaths per year. Alligators, sharks, snakes, and… Read More
Download AMM’s Q2 2018 Client Letter Life’s but a walking shadow, a poor player that struts and frets his hour upon the stage and is heard no more. It is a tale told by an idiot, full of sound and… Read More
Our 2017 stock market prediction was wrong! From Issue 32 The S&P 500 will return between -26% and 20%! The total return for the S&P 500 in 2017 was 21.82%. In our defense, the prediction was only within a 95% confidence range and… Read More
We liquidated our position in Proctor and Gamble (PG) earlier this week. While the position had generated positive total returns, dividend growth has stalled in recent years and the company is facing secular headwinds related to their core business. Below… Read More
Download the AMM Q1 2018 Client Letter There is a saying attributed to Mark Twain that goes “History doesn’t repeat itself, but it often rhymes.” Just as there is a business and economic cycle represented by expansion and contraction, there… Read More
We’re going to flip a coin one time. If the coin lands on heads then you win $200. But it the coin lands on