|Day Low/High||61.34 / 64.45|
|52 Wk Low/High||60.05 / 83.11|
JPM joined other banking heavyweights in exceeding expectations at least at the headline level.
The money center bank's reduced forecast for net interest income amid geopolitical pressures is curbing investor enthusiasm.
The bulls will say this is healthy consolidation that will set up another leg higher, while the bears will say this is an indication of indecision and is a prelude to a rollover.
JPMorgan had a nice (headline) beat, but results were positively impacted by a non-recurring gain of nearly $0.25. Equities sales and trading, investment banking and net interest income (margins) were under consensus expectations. I don't own this n...
Are we seeing low-volume consolidation setting stage for thrust higher or is this stalling action suggesting a rollover? The answer depends on how earnings season develops.
Here are my five rules for handling earnings season.
The indices are fine but if you are looking to add long positions it is narrow action right now.
Notwithstanding a non recurring gain, Citigroup's EPS report was clean and of good quality. Given the recent share price rise in C (and in the banking sector) I would not be surprised if the shares pull back over the next few days. That said, I have...
Keep in mind that stocks and indices at all-time highs don't just suddenly collapse.
All the key equity indexes are up 16% or more this year, as earnings season starts.
There were two notable shifts in trading action Thursday.
Deutsche Bank's blunders and restructuring, and a new chief at the European Central Bank, could be perfect combination for a bull case.
The potential price targets for Citigroup shares are $75 and $81.
I am neutral on this market, and only a cool off of the hottest stocks can justify a further advance.
Is the expansion on borrowed time? Is this expansion elderly? Or is this expansion still youthful, as in terms of growth?
A subset of tech is expensive, as well as tech IPOs, but the majority of sectors are far from overvalued.
The risk is that the chief design officer's departure will cause technical issues in Apple's chart.
Markets must choose now between the easy, the tense and the uncertain. What could possibly go wrong?
Just out of the chute. Markets are close to flat, supported by strength in the energy sector. Ten of eleven sectors are lower, as yields rise small. Some profit-taking across bond proxies. The banks are breathing easier ahead of the Fed's stress tes...
Along with and ... Goldman Sachs hit my buy level over the last few days and I have been reloading in this name. The shares are +$6 today.
* Some fine tuning! * is now +$4 from a week ago (and +$1.40 on the day). I will now move from very large to medium sized. * I added more at $162/share just now. * I sold half of my for a small gain and will be out at day's end (as I hate these poor...
Picking and/or bidding for following longs: , , and . As to the market, as expected, a feeble rally. Perhaps, as stated earlier, the reallocation's impact out of stocks and into bonds favors strength tomorrow afternoon - the last day of trading in M...
Goldman Sachs upgrades Citigroup this morning. I have begun to add to my already large long position over the last week. (I also reestablished a medium-sized long in yesterday- based on price and reward/risk)
Leave this market? Damned if you do and damned if you don't.
Every time you see competitors trying to team up to catch PayPal it just reminds you how PayPal is the undisputed worldwide leader.
* I don't want there to be any ambiguity about the size of my positions or about my buy and short levels as I strive for as much transparency as possible "When the time comes to buy, you won't want to." - Walter Deemer I promised to update my "Level...