Citigroup Inc. (C)

I paid $65 for more and initiated a long at $161.80.

* In premarket Housekeeping item.   I was short JPMorgan Chase against long Citigroup in a pairs trade.    It has worked out well and I just covered JPM at $161.90 in premarket trading.

Last week's "Trade of the Week," Citigroup  , continues to be the world's fair.

In a sea of red, our "Trade of the Week" - Citigroup - is more than +$5/share since Monday.

* There is nothing wrong with taking a trading profit on a portion of your trading position in C now Early Monday I made Citigroup my Trade of the Week - the shares traded $61- $61.5 at the week's opening.  The shares are now trading $64.63, reflect...

On Tuesday I initiated a pairs trade - Long /Short :  Jan 04, 2022 ' 01:50 PM EST DOUG KASS Pairs Trade I just added to (C) at $63.70 and shorted (JPM) against it at $168.05.  Taking into account the payment of a $1 JPM dividend this week, C is trad...

Adding to .

A pairs trade is a trading strategy that involves matching a long position with a short position in two stocks with a high correlation.  As I am of the view, at the very least, that the Bull Market is aging - a pairs trade provides an opportunity to...

I just added to at $63.70 and shorted against it at $168.05.

I suspect Citigroup had been pressured by significant tax selling over the last few weeks of 2021.  For this reason and for the reasons mentioned in these two posts from last week (here and here), I expect Citigroup's shares to rally this month.  I ...

Added to , and .   (If nothing else I am consistent).

A deeper dive into Citigroup's asset composition reveals that C's asset quality, contrary to consensus, is robust, the bank is remarkably liquid, its balance sheet is strong, and it's less of a non U.S. bank than generally realized:  * Total loans a...

* Market participants appear to be waiting until Citigroup's divestiture program from a number of foreign markets is fully completed * Redeploying those assets into buybacks, with the shares at a large discount to book value, makes a lot of financia...

I am going to highlight Citigroup  - the pros and cons - in my Diary tomorrow, so I will be making some calls over the next hour or so as part of the diligence process.  Radio silence during that period.

* The setup for 2022 is far different than 2021. * After a lengthy period of unbounded fiscal and monetary largesse we are exiting peak economic activity and peak liquidity * Sell strength and buy weakness? * The growth and narrow market performance...

This morning I covered my short calls for January, 2022.

I am bidding for more Citigroup .

Citigroup's shares are down -$20/share from its 52 week high.  At under 7x 2023 my projected EPS, I believe the shares represent an extraordinary buy.  Though the bank has temporarily ceased its share repurchase program, reflecting changes in deriva...

Bank stocks have been disappointing over the last few months.  However, over the last few trading days, I sense some renewed interest in the sector - and a short term rally would not be surprising.  I have been buying, for investment, what I think i...

* I have covered my short at $467.41. * I covered my short at $157.94. * Broad-based increase in my and individual cannabis names. * Added to at $30.36. * Added to  at $59.90. * Bidding for more under the market.

I added to and longs.  Citigroup is down off a neutral initiation - concerns about buyback being delayed until 1Q, discussed earlier this week. Rather than buy more I have called an audible and I have shorted some against my C long. I have recently ...

Citigroup is back green. One of my favorite stocks for 2022.

Added to at $61.87 and to at $31.08. Shorted more at $468.87.