Citigroup Inc. (C)

49.75
NYSE
Prev Close 49.78
Day Low/High 48.51 / 50.73
52 Wk Low/High 45.40 / 80.29
Exchange NYSE
Shares Outstanding 1941.92B
Market Cap 96.67B
P/E Ratio 12.57
Div & Yield N.A. (N.A)
Fed Posturing, Russia, China Covid, Markets, Earnings Season, Valuation

Fed Posturing, Russia, China Covid, Markets, Earnings Season, Valuation

Let's see how this earnings season shapes up.

Here's Why Twitter Is Not in HOAX 2.0

Here's Why Twitter Is Not in HOAX 2.0

On the short side, they don't get any more overvalued than TWTR.

Inflation Is No Joke, So I'm Creating HOAX 2.0 for Commodity Names

Inflation Is No Joke, So I'm Creating HOAX 2.0 for Commodity Names

Prices for real assets -- including crude oil and manure -- are rising; here's how I plan to benefit, and how you can, too.

The Market Is Broken

As I wrote yesterday, though we could get a brief rally at any time, the market appears broken.   Today there are new 52-week lows in popular and widely held stocks like Home Depot , JPMorgan , Citigroup , General Motors , Goldman Sachs , Disney and...

Roblox Charts Could Weaken Further Up Ahead

Roblox Charts Could Weaken Further Up Ahead

Sometimes the fundamental story and the technical story are on the same page. Sometimes not.

No Bueno

'Going to plant a weeping willow On the banks green edge it will grow, grow, grow Sing a lullaby beside the water Lovers come and go, the river roll, roll, roll Fare you well, fare you well I love you more than words can tell Listen to the river sin...

What a Strange 'Bull Market'

Three popular and widely held stocks that are at or near their 52-week lows include Goldman Sachs , Citigroup , and General Motors . Where's the beef? 

It's Going to Be Called Something Other Than Citibank Shortly...

I continue to look for underperformance from the banking sector. Citigroup has hit a 52- week low this afternoon.  Here is what I wrote about the money center bank one month ago with the shares much higher:  Mar 08, 2022 ' 07:31 AM EST DOUG KASS Cit...

Edwards Lifesciences Shines in a Cloudy Market

Edwards Lifesciences Shines in a Cloudy Market

Medical device maker EW's charts are gaining strength, but is this the time to buy?

The Big Roll Over?

* We are now within 5% of the 52 week highs...  She comes on like a rose but everybody knows She'll get you in Dutch You can look but you better not touch Poison ivy, poison ivy Late at night while you're sleepin' Poison ivy comes a-creepin' around ...

From The Street of Dreams

Morgan Stanley cuts Citigroup's price target from $75 to $60.

Citigroup Cut at Morgan Stanley

10 Preferred Stock Picks for Income Investors

10 Preferred Stock Picks for Income Investors

Given the turbulent market, it's a good time to consider the relative safety of preferred stocks.

Could the Setup for 2022 Portend an End to the 12-Year Bull Run? (Part Deux)

It is often a healthy exercise to review past opinions.  Three months ago I wrote a column entitled, "Could The Setup For 2022 Portend An End to the 12- Year Bull Run?" in which I opined that the 12 year Bull Market run might be on fumes as we enter...

Ukraine War, Hypersonic Weapons, Markets, Week Ahead, Fed, Trading Salesforce

Ukraine War, Hypersonic Weapons, Markets, Week Ahead, Fed, Trading Salesforce

There should be no national priority greater than developing both defensive and offensive hypersonic technology.

Bumpy Road, Ukraine War, China, Week in Review, S&P 500, Apple on Thin Ice

Bumpy Road, Ukraine War, China, Week in Review, S&P 500, Apple on Thin Ice

Would Beijing risk becoming the global pariah that Russia is now?

Citigroup Turned Out to Be a Value Trap

* With investors shifting away from Citigroup, the shares of , and may benefit * Despite my previous bank stock bearishness, the share prices of WFC, BAC and JPM have moved into my buy levels -- in a relatively brief period of time With the benefit ...

Bank Stocks

As most are aware I have been negative - and sporadically short - the large money center banks over the last 2-3 months.  Here was my short thesis, The Period of Bank Outperformance May Now Be Coming to an End, from mid -January. Prices have now dro...

Brokedown Palace

Going to leave this broke-down palace On my hands and my knees I will roll, roll, roll Make myself a bed by the waterside In my time, in my time, I will roll, roll, roll - The Grateful Dead, Brokedown Palace  The breakdown in individual stocks, as I...

Citigroup Cut at Atlantic Equities

Citigroup Is No Bueno

As expected, Citigroup's analysis is no Bueno.  "Our mix is somewhat disadvantaged and that needs to change." - Citibank CEO  Some bullet points:  * Guides FY22 Rev 'low-single digits' growth * Sees Q1 total Rev decline mid-single digits ex-divestit...

Resistance & Sanctions, Complexity Risk, Rubles, Bitcoin, Defense Stock Breakout

Resistance & Sanctions, Complexity Risk, Rubles, Bitcoin, Defense Stock Breakout

How will the extraction of all things Russian from worldwide participation impact the global economy?

On Banks

An uber confident bull, BMO's Brian Belski, was on Bloomberg recommending money center banks this morning.  I respectfully disagree. Here is my short thesis.   I sold out of my last long position in the space, , late Friday. Brian is a generalist an...

My Longs

Here are my previously mentioned longs: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , and .

I Am Buying at the Sound of Cannons

"Buy on the sound of cannons, sell on the sound of trumpets." - Nathan Rothschild   I am now very actively trading so I will make this short and sweet as I have a primary responsibility to Seabreeze Capital Partners LP, my hedge fund.   I am coming ...

Banks

I have sold my Citigroup long and covered the calls against it.  I plan to buy back on weakness.  Adding to and shorts, and further reducing now.

India Lays Plans to Take Government Insurer Public Via Largest-Ever IPO

India Lays Plans to Take Government Insurer Public Via Largest-Ever IPO

The Life Insurance Corporation of India long held a monopoly on life insurance but will sell shares as part of the government's divestment plans.

Whassup With Financials?

I plan to cover my bank shorts today on weakness. I am long Citigroup and JPMorgan Chase . I am short Bank of America and Wells Fargo . Speaking of financials, if Blackstone and KKR are not much lower, I plan to add to those shorts.

MS, C Updates

I have been pressing my short all morning on strength. I also sold some out of the money March calls against a portion of my long.

Several Moves

- I am shorting (again) against my and longs. Here is my mid-January thesis. - Yesterday I sold some of my at $3110.   I am buying SOME of the stock back at $2815 now - that's $295 lower than Wednesday morning!  It is a low confidence buy in front o...