Citigroup Inc. (C)

68,52
NYSE
Prev Close 68,88
Day Low/High 67,93 / 69,25
52 Wk Low/High 40,49 / 80,29
Exchange NYSE
Shares Outstanding 2067.05B
Market Cap 142.38B
P/E Ratio 12,57
Div & Yield N.A. (N.A)

Latest News

My Long Book

Some of my longs that I have mentioned recently include , , , , , , (spec), (spec), , , , , and .

Added to 4 Stocks

Added to , , and longs.

Trading and Investing Without Emotion

* Trading and investing can sometimes be as seen as much as art as science * To me, both trading and investing should be embarked upon dispassionately, enforced and supported by a sense of where value resides * Some technicians see the recent rollov...

Sifting Through the Wreckage, One Ugly Chart, Holding the Line, Netflix Preview

Sifting Through the Wreckage, One Ugly Chart, Holding the Line, Netflix Preview

IBM beat expectations and the complexion the overnight mood changed. But will the mood change hold?

Trade of the Week (Buy Citigroup $64.87)

Citigroup traded at over $80/share in early June 2021 and, as we expected, has corrected by nearly -20% -- in large measure because of the recent interest rate decline.  * After recording a 2Q2021 EPS beat, Citigroup will shortly be aggressively rep...

Adding to 4 Stocks

I am adding to , , and .

Banks at Buy Levels

* But, getting long slowly  Long in and now.  Small-sized - at $64.65 and $146.34, respectively.

Jim Cramer: Focus on the Trees and You'll Miss a Forest of Opportunity

Jim Cramer: Focus on the Trees and You'll Miss a Forest of Opportunity

Instead of fixating on stocks like the banks, look at what really matters: how darned rich this country is.

Powell on the Hill, Inflation and Treasuries, Budget Deficit, Apple, Trading WW

Powell on the Hill, Inflation and Treasuries, Budget Deficit, Apple, Trading WW

If you are not in the market for a vehicle right now, inflation is right where the pros thought it would be.

BlackRock Looks Like a Solid Investment as It Rolls Into Earnings

BlackRock Looks Like a Solid Investment as It Rolls Into Earnings

Shares of BLK have delivered strong gains with more likely ahead.

Earnings Await, Fed Heads Ahead, the Materials World, Microsoft's Cyber Pickup

Earnings Await, Fed Heads Ahead, the Materials World, Microsoft's Cyber Pickup

Plus, the chart of Tesla indicates it's time to be wary if you're in the stock at present.

Making Sense of Monday, Banks Get Green Light, Dear FOMC, Trading Zscaler

Making Sense of Monday, Banks Get Green Light, Dear FOMC, Trading Zscaler

After five days, the nastiness that is allocation through high-speed algorithmic selection (profit-taking) returned to the fold.

Bank Carnage

* I am holding on to a non consensus and bearish view on financial stocks.  The price of Citigroup's shares have declined in 11 consecutive trading sessions - for a cumulative drop of -14%.  From The Divine Ms M: Citi pic.twitter.com/gjTYsgf228 — He...

Tweet of the Day

I addressed Citigroup's short-term challenges yesterday. Citi had some serious volume yesterday, most since November pic.twitter.com/9URqdfgnXW — Helene Meisler (@hmeisler) June 17, 2021  

A Technical Look at Citigroup: Stay or Go?

A Technical Look at Citigroup: Stay or Go?

Let's review the charts and indicators.

Weak Financials

Financials are conspicuously weak this morning. I highlighted concerns again earlier.  Citigroup , the object of my disaffection, is -$3/share in the early going.  is down another three beaners.          

Citigroup and the Large Money Center Banks Appear Fully Priced

* Yesterday afternoon C chimed in on some weakening trends * I expect some modest EPS reductions for 2022 from the Street today * I would be a buyer of C at $68/share   Yesterday I warned, after a doubling in share prices, about the banks, and I sho...

Sovereign Debt Markets, Mortgage Madness, Trading Zscaler and Palo Alto Networks

Sovereign Debt Markets, Mortgage Madness, Trading Zscaler and Palo Alto Networks

There's absolutely no good reason for the Fed to still be supporting the mortgage market and there hasn't been for quite some time.

A Unicorn With Two Horns? Gojek, Tokopedia to Merge

A Unicorn With Two Horns? Gojek, Tokopedia to Merge

The largest-ever merger in Indonesian history will combine the country's two best-known online brands.

Jim Cramer: This Group of Stocks Make Up the Anti-Inflation Trade

Jim Cramer: This Group of Stocks Make Up the Anti-Inflation Trade

Sure you can but any of these, but do not buy all of them because you will be betting against the business cycle.

Economic Data

They say beauty is in the eye of the beholder, and it would seem that goes for economic data when we look at the latest June quarter GDP forecasts from the New York Fed's Nowcast model and the Atlanta Fed's GDPNow forecast.  New York Fed: Atlanta Fe...

Wells Fargo Joins Drift of Finance Jobs Away From Hong Kong

Wells Fargo Joins Drift of Finance Jobs Away From Hong Kong

With freedom of speech under attack, investment banks are quietly de-emphasizing operations in the city, often shifting Asian hubs to Singapore.

Bank Stock Performance Disappointing Today  

I would reemphasize that bank stocks are extended and one should consider reducing exposure in the sector.  After yesterday's sizeable percentage losses, the major money center banks are only experiencing a small dead cat bounce.  For example, was -...

Minding Mr. Market

* The decline in speculative stocks has been historic and broad-based - something I have been expecting for months * I remain bearish on the overall outlook for equities   Yesterday's market was brutal and broad-based to the downside:  * The specula...

Is the Market Wrong on Bank of America? Here's What the Charts Say

Is the Market Wrong on Bank of America? Here's What the Charts Say

Let's check in again on BAC after its latest earnings.

The Reflex Game, Re-Rotation, Big Bank Bonanza, Oil Demand, Johnson & Johnson

The Reflex Game, Re-Rotation, Big Bank Bonanza, Oil Demand, Johnson & Johnson

How Interesting. On Wednesday, market participants rotated out of the un-rotation that had been in vogue for most of April.

Kass: On the Market's Stairway to Heaven, Headwinds Abound

Kass: On the Market's Stairway to Heaven, Headwinds Abound

You can rock on for now while the music is still playing, but be prepared for the inevitable 'out of the blue' sour note.

Deceptive Monday, Archegos Fallout, 'Impending Doom,' Trading Kratos Defense

Deceptive Monday, Archegos Fallout, 'Impending Doom,' Trading Kratos Defense

The main story unfolded along with the passing hours on Monday, and continues. The ending of this tale perhaps remains far from untold.