|Day Low/High||42.81 / 43.39|
|52 Wk Low/High||32.00 / 83.11|
The market capitalization of Zoom ($161 billion) today eclipsed that of the combination of Citigroup ($89 billion) and Goldman Sachs ($70 billion).
I shouldn't be surprised that I'm getting questions about the banking sector.
Right now our policy on new stimulus is defaulting to 'to heck with the fourth lane' and all who ride on it. That's a crying shame.
Here are today's trades: * I have added to my ($43.83), ($24.02), and ($24.34) longs on this morning's weakness. * I have added to my ($351.40) and ($295.95) shorts on the early ramp. As a result of these trades, I have moved to Market Neutral. ...
A small western homebuilder and a furniture maker are the latest to see their businesses improve amid the pandemic.
Covid itself, and therapeutics or vaccines associated with taking on the SARS-CoV-2 coronavirus, is under a public microscope.
It is logical that stocks consolidate a little as we head into earnings season.
Some patterns reveal themselves easily, and you can spot them ahead of the computer programs. Here are examples of them, and how to act.
* Good news on the credit front * My positive bank thesis remains very much intact * From a near term standpoint, third quarter will likely indicate a topping in loan loss provisions, a continued improvement in fee based income lines (e.g., mortgag...
Now, that we have confirmation from the Nasdaq Composite, I think we can say equity markets are indeed back in what I would consider an uptrend.
There was some significant rotational action Monday and we'll see if that continues as we move into earnings reports.
The two money center banks are set to report earnings on Tuesday.
Made some buys this morning - pushing me closer to large-sized than medium-sized. Bidding for more , , and .
While today's September Employment Report adds to the pullback in the Citibank Economic Surprise Index... It's interesting to note the New York Fed's Nowcasting Model still sees September-quarter GDP little changed since Sept. 25 even though its for...
Suddenly, both sides realize that they have played politics and the people had noticed. Not those two from Tuesday night. Thankfully.
Trying to grab a bargain while a stock is falling is fraught with risk; better to wait until a true bottom has formed before buying.
I see no reason to flee this name, therefore, I am not.
* This is not your father's market -- as old rules don't apply If your trading and investment decisions are based solely on price action (and charts) you should stop reading this column! Since two Wednesdays ago, I have been looking for a series...
Based in part because of the greater confidence I now have in the pivot from growth to value, I am raising my buy entry levels in the four banks I currently own. Buy Levels Was Now $48 $50 $26 $27.50 $95 $100 $25 $26.50
* I believe so! * More evidence of a possible pivot from growth to value was seen today * I believe that pivot will continue (e.g.,banks should be the beneficiary of that pivot) First Level Thinking: "The Fed will remain loose for years to come. T...
I aggressively bought more Citigroup just now. Up on @realmoney Why I Disagree with Citigroup bears (like @jimcramer) This is an investment but not a trade. Added aggressively this AM to name. @carlquintanilla Revlon screwup will be remedied, provis...
The FOMC, and Powell himself, will have to address the central bank's plan to target average consumer level inflation over time.
The Transports. Yes. You read that correctly. Let's see what else happened under the hood.
At 6:30 am S&P futures were +21 handles and Nasdaq futures were +95. While I continue to look for lower highs, I remain net long, now medium-sized, given the time (abrupt) and magnitude (around -10%) of the market swoon in the last 1 1/2 weeks. To...
Electoral risk remains the monster under the bed, and it only grows as our legislators intentionally choose the blame game over honest cooperation.
People continually want to buy these names because they are cheap. But are they really?