US Equity

MO bulls should consider the stock a buy on weakness.
Unless prices suddenly reverse, look for GOOGL to trade down into next support in the $650-$625 area.
Global markets were sent into a tailspin Friday following the U.K.'s decision to exit the European Union.
Europe's financial firms aren't tanking in a vacuum.
The bank appears vulnerable to further declines.
Prices are sharply lower today and the volume of trading has been heavy.
This could be just a blip ... or something much bigger.
I'm buying SCGLY and CRARY and putting in low bids for some community banks.
Ultimately, calmer heads will prevail. 
This market dip is simply not big enough to attract my attention.

Columnist Conversations

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