Dennis Davitt


Last quote by Dennis Davitt

It feels like the market is underweight stock.
Mar 03 2017
We can learn a lot about a person if we know what types of things he or she talks about or comments on the most frequently. There are numerous topics with which Dennis Davitt is associated, including Brexit, Procter, and stock. Most recently, Dennis Davitt has been quoted saying: “If anything, I see people buying more puts to protect the downside in these stocks. Macy's is like a mall within the mall, so they don't really stand out productwise. Kohl's is a lower price point. So we're seeing more activity in Macy's to the downside – people buying protection.” in the article Why the worst-performing stocks in the S&P 500 this year could be heading even lower. An other article where Dennis Davitt has been quoted is Goldman Sachs has an idea for how to make money this holiday season.
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Dennis Davitt quotes

The professionals were in there buying this stock before the market opened, hoping to get in front of whatever mistake they had made.

It's not very well liked by a lot of people. There's a good amount of short covering going on.

It looks like a really smart way to play Tesla to the upside.

I look at things like Wal-Mart, Hershey's, big companies, not necessarily small companies, but a predominant amount of their revenues come from the United States. So stocks that will behave well in an overheated U.S. economy will do well, and it might be people who you wouldn't expect.

The low- to negative interest rates that we're seeing right now are driving precious metals higher.

It's been around, it has good cash flow, so you see people investing in those stocks, and I think there is growth there.

The other story about this is this is a stock that's now a yield stock. So we see it similar to Coca-Cola, Philip Morris, Procter & Gamble. Those stocks all have a 3 percent dividend yield. Microsoft now pays a 2.5 percent dividend and it trades roughly at a 26 P/E.

Ignoring the political about who wins, from the volatility view, uncertainty is something the markets do not like, and who knows where the polls are going to be. Buy puts if you want to hold on to your stocks, or sell your stocks and buy calls. With the VIX below 15, I think any sort of options buy going into this election is going to be one that will save you money.

They're not earning enough money and I don't see enough vision heading into the future about what the answer's going to be to rebuild their business and with Brexit, the European Union's a question. So I don't know where the bottom is on European stocks.

People are buying puts and calls because they don't know what the [heck] is going to happen. There's just great uncertainty.

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