|Day Low/High||34.13 / 34.63|
|52 Wk Low/High||26.21 / 35.72|
Analysts need to recognize this shift in the banking markets.
* The bank merger of BB&T and SunTrust is a one-off and is a very modest negative for the existing and large money-center banks BB&T and SunTrust Banks have announced a $66 billion merger of equals intended to create the country's sixth-largest bank...
So far nine are in positive territory, and are up an average of just over 11%.
Dividend reinvestment plans (DRIPs) are compound interest to the extreme. Here are an expert's top-10 DRIP stocks for 2019.
Covered and then reshorted Added to my , and shorts (moved to medium-sized from neutral) Bought some SPY puts (maturing at the close) Bought small Sold some (after the run from the low $40s -moved from medium to small) I was a bit over my skiis long...
I really like the pin action in a number of my core longs: , , , , (as expected off of the strength), , , , and . and , not so much! Note: Long GS (large), BAC (large), C (large), WFC (large), JPM (large), DWDP (large), HIG (large), CBS, M (small), ...
Global economic weakness just adds to the pressure, here is what the Chinese should do.
The banks are strong today after, for the most part, struggling through a mixed week. Bank of America I feel had the most impressive earnings. Citigroup perhaps the least impressive. Don't forget that Citi has more foreign exposure than BAC, and i...
Banks' quarterly reports mean quarterly grades are due.
This shutdown is starting to feel different from those that we have experienced in the past, is it not?
It would appease some bears, allow some profit-taking and help to make sure there is some good support.
Investors are starting to realize that these banks are making the most money they ever have and are doing so with less risk.
It is far safer to arrive fashionably late at the party rather than to show up too early.
As uncertainty increases, expect greater demand for safe haven assets.
Break in. Bank of America has a big beat on the bottom and top lines. Stated simply, BankAmerica out Citigroup's Citigroup !
Citi overcame a mixed print to send its stock surging on Monday.
If one is betting on a sustained surge from Citi, bigger banks could be bullish bets.
We have several standout investment positions today. , a Piper upgrade this morning, is my favorite speculative stock for 2019. I have been steadily adding to this name on weakness (see past posts). The shares were placed on my Best Ideas List on Ja...
Let's check out the charts and indicators.
In the interest of due diligence, we went and took a close look at the ground floor of the newest investment craze.
There have been some remarkable percentage gains from this morning's lows. Some examples: +6%, +4%, +8%, +5%, +6%, etc.
In addition to taking a trading long rental in , I have added to $51, $54 and $24.10 in the early going.
I have added to these longs at the opening: Bank of America , Goldman Sachs , Citigroup and the aforementioned CBS .
The smart way to panic is to remove any trace of financial systemic risk from your portfolio.
For about two years my personal pension plan has been entirely in short term Treasuries. This morning I abandoned that strategy and I have taken positions (on the opening) in the following stocks: , , , , and . I have no current intention of trading...
Here are my predictions for the S&P 500, bank stocks, the Federal Reserve's move on interest rates and much more in the coming year.
I have added further to my trading layer (on top of investment position) in financials this morning. ( , and ) I will have more on financials on Monday - in a more lengthy analysis. I will be at a Board of Governors meeting at my golf club from 12-2...