Adam Jeffery | CNBCShort seller Jim Chanos warned investors about piling into "virus stocks" benefiting from the coronavirus lockdown.
"One area I would warn people about for example is the virus stocks," Chanos said on Thursday on CNBC'sThey are "doing well right now in this enforced lockdown. A lot of these companies are not structurally growth stocks that are trading at 30,40, 50 times earnings because they are going to do well in the first and second quarters of 2020."
The founder of Kynikos Associates listed Zoom Video, Peloton and Clorox as companies getting a boost from the stay-at-home trend amid the coronavirus pandemic. "Of course when the virus subsides and we all know it will, those companies will begin to not look as attractive going forward," Chanos said.for exclusive insights and analysis, and live business day programming from around the world.
Wonder if he will keep his billionaire status after he was “maximum short” on TSLA
Chanos always talks his book to manipulate prices. He’s short these stocks as well as being anti-American and scumbag.
Gambiste1 How is that $TSLA short working out? Both my $ZM & $CLX still well above my entries.
Shut up
He just warned about Tesla ;)
Who cares what that clown has to say?
Homeboy just wants a better entry point
Tesla?
For the last 40 plus years its been all about Wall Street, can you guys focus on main street for a just a few months?
Blackberry has cyber security, QNX technology and government contracts, sell those stocks and buy BB
Likely he has short position on these stocks now and he doesn't want them to go much higher. He's getting squeezed.
For the most part CNBC does a piss poor job, as does all media, in doing real “journalism” It’s also odd that a US business channel is typically anti American Q’s they should be asking: 1. of recovered 2. Flawed death totals attributed to COVID 19 3. Therapeutics status
yeah hell nobody is telecommuting or teleconferencing with zoom etc Jimmy........and even more down the line............this isn't crooked China coffee shop Jimbo
Chanos says don’t by CLX - it’s a panic stock ! Lol. A 5 year chart says otherwise. Solid all the way around. Beware comments made that can manipulate the market ... get this short seller off the air please - basically a hedge fund guy on for an hour ...
His Tesla Short is so so so so wrong, he's lucky Corona hit, otherwise he would have been smoked.
How dare you let a short seller on and put out info to purposely hurt a stocks, ok i get maybe Zoom as its a free service for many and $14.99 a month for most, but buying a $2,500 bike and a $37 a month fee isnt for everyone, if you spend $2500 you will use it,
Beware Chanos like the Kanamits!
Just think if you dummies took the free financial advice from the criminal pump & dump cnbc boiler room carnival barkers just over the last 3 months, the WS criminals would have stolen 50% or more of your $ right now lmao
Beware of Peloton because it's a stationary bike with a screen taped to it.