|Day Low/High||25.39 / 26.14|
|52 Wk Low/High||17.95 / 35.72|
I added to , , , , , , and this morning. A reminder that yesterday I initiated new positions in , , , , and .
I'm not willing to stick my neck out right now and take an equity stake.
The U.S. energy sector is the heart and soul of the U.S. economy. The next few weeks will be critical.
There is unusually large volume in Bank of America shares today. I wouldn't be surprised if The Oracle of Omaha isn't aggressively adding to this name now.
"If all we had were roses, would the thorns then be beautiful?" - Grandma Koufax Truths and roses both have thorns about them but patiently travelling and navigating, in a consistent but objective and analytical way (in our markets) often brings on ...
This morning I moved to medium-sized , , and longs. And I moved back to large-sized on and . I have a busy research schedule today (mostly phoners) but I will outline the case for buying early tomorrow morning.
I have moved back to large on and (I have been a scale buyer in both). And my position is now medium-sized (also scale buyer lower).
* Risk happens fast - as we now take the elevator down * At 4:45 am S&P futures were -90 and Nasdaq futures were -315 handles * Market structure - in which the majority of products and strategies are bullish and lie on "the same side of the boat" - ...
I thought it might be helpful to briefly summarize some of my more meaningful moves in the market over the last few weeks: * I eliminated Goldman Sachs around $240 (my year end 2020 target price) and reduced the size of my , and longs. Lower interes...
New York Community Bancorp hides under the radar when compared to major players, but offers a high yield to investors.
Bank OZK, previously Bank of the Ozarks, offers a dividend yield of 3.7%.
These undervalued names fit well in a diversified portfolio.
This trio of reasons plus a chart that remains in a bull channel all point to a stock that should continue to outperform the markets in 2020.
For those that are keeping score, I am very liquid today... Longs: , , , , , , , , , , and Shorts: , , , , , , , , , and __________ Long FDX (large), GLD (small), KSS, KHC (large), PZZA, TWTR (large), VIAC (large), M (large), GE (small), C, BAC, W...
Consider that The Oracle is currently 89 years old - and that he made his single best portfolio investment in over a half century at 87 years old!
* It is also probably the greatest investment ever made of a publicly-listed company in history - in either profits in absolute dollar terms or whether based on a time-weighted percentage return * Berkshire Hathaway has made about $43 billion on its...
* With a less favorable reward vs. risk ratio, banks are less attractive over the near term I continue to increase my effective cash position and to reduce my gross exposure in this uncertain and elevated equity market. I have been adding to my shor...
There are attractive opportunities in 2020 among lesser-known regional banks.
I have been among the most wary of China and its ability to change. I remain that way. But the U.S. got more than I ever thought.
Yesterday I shorted JP Morgan (at an average price of about $139.65) to hedge out a portion of my , and investments - which could be subject to a price correction in the weeks ahead. Yesterday and today I pared down C and BAC as they approach within...
Like Citigroup , Bank of America is trading within 10% of my year end 2020 price target - accordingly I reduced further, on pre-market strength, (but I am still medium-sized where I plan to stay) this name. Q4 results for BAC were better than expect...
One concern for traders and investors would be that the good cheer created by the development of this Phase One deal, as well as actions taken by the FOMC, are nearing or at the point where the headline risk points in the other direction.
Earnings reports are solid but this overbought market is looking for a good reason to consolidate a big move.