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)

Banks Trading Better

I have been steadily accumulating Citigroup over the last week.

The Long and Short of It

I expect Boeing to get a bump off the news from Pfizer of a successful COVID-19 antiviral pill. I've been adding almost daily to Boeing.  Also, I'm adding to Citigroup in premarket trading.  And I have added to my small Tesla short.

Strange Day With Strange Moves

Thanks for reading my Diary today.   It was another weird day in the markets, with the S&P 500 index up 20 handles, while the average stock was lower.   I covered a bunch of shorts (winners and losers) and moved to a medium-sized position in Citigro...

Boeing and Citi

Adding to Boeing and Citigroup near the close.

More C

I just added to Citigroup at $68.89.

Citigroup Long

In the last few days I have taken a meaningful long position in Citigroup .

Five Buys

Buying , , , and .

Buying Citi

I am back buying Citigroup  at $69.45, gingerly and on a scale lower.

Get Hooked Up to Citigroup's IV

Get Hooked Up to Citigroup's IV

Bank implied volatility is at its lowest levels all year.

Bank Stocks No More

Based on price - premium to net tangible value - I am eliminating my long standing long in .  Citigroup's quarter was unsatisfactory, more on that next week, and I have also sold that position.  I now own no bank stocks.

Here's Why I'm Long Wells Fargo and Bank of America

Here's Why I'm Long Wells Fargo and Bank of America

Still, my favorite financial name at the moment is SoFi Technology as I believe that they have all of these banks in their sights.

Several Moves

Banks rolling over after beats. Brokers initial gap turns into losses. FAANG gains moderating. Getting more serious on short side. Shorted at $44.17 against my and longs.

Treasury Sweet Spot, Inflation, Fed Minutes, Taiwan Semi, Trading UPS and FedEx

Treasury Sweet Spot, Inflation, Fed Minutes, Taiwan Semi, Trading UPS and FedEx

While supply-chain constraints are a global problem, consumer-level inflation is not yet as broad a problem, or at least not evenly distributed.

Why I Would Be Cautious on Banks Going Into Reporting Season

Bank stocks are among the most favored value plays of many money managers and strategists based on the fact that the industry is a direct beneficiary of higher interest rates.  This is indeed true - as banks are balance sheet and income statement se...

Citigroup Is Ready to Join the Move Higher in Financials

Citigroup Is Ready to Join the Move Higher in Financials

The financial names will begin to report earnings this week,

Technical Conditions Remain Difficult as Banks Kick Off Earnings Season

Technical Conditions Remain Difficult as Banks Kick Off Earnings Season

While rates are playing havoc with growth stocks, there is other rotational action going on.

A Series of Fortunate Events, Fiscal Cliff, Powell's Prospects, 4 Trading Notes

A Series of Fortunate Events, Fiscal Cliff, Powell's Prospects, 4 Trading Notes

Market volatility could spike in late November/early December just as liquidity walks away. Keep that in mind.

DC Fiscal Freak Show, China Trade, The Week Ahead, My Market Rules

DC Fiscal Freak Show, China Trade, The Week Ahead, My Market Rules

Having a debt ceiling is foolish, it only ever matters to the party currently out of power and never really does what it was intended to... curb federal spending.

R.I.P. Tobias (Tuvia) Levkovich

"And it's just a box of rain I don't know who put it there Believe it if you need it Or leave it if you dare And it's just a box of rain Or a ribbon for your hair Such a long long time to be gone And a short time to be there..." - Grateful Dead, Box...

Checking on the Banks, Bulls

I do not share the growing optimism on bank stocks ("price has a way of changing sentiment") -- and I don't see a new bull market leg in the space.   Indeed, I see reward vs. risk deteriorating moderately in this week's advance.   I have taken a pro...

Making 3 Bids

I am bidding for , , and slightly below the market.

A Picture Is Worth 1000 Words

I've gotten some questions about my comment surrounding the weaker than expected economic data, including today's August ISM Services data and the August Employment Report. To list off all of the recent economic data and how they clocked in vs. expe...

Softbank, Naspers Switch Focus from China to India

Softbank, Naspers Switch Focus from China to India

The largest tech investors in Asia and Africa are scouring India for prospects after souring on China.

Taking Some Off JPM, C

After a wonderful run and keeping with my ursine market view, I just took off some and longs at $161.10 and $73.82, respectively.

Market on Eggshells, Masking Up, ISM, Pfizer and Moderna Just Getting Started

Market on Eggshells, Masking Up, ISM, Pfizer and Moderna Just Getting Started

Doesn't the Fed now have to taper asset purchases simply to avoid becoming an even greater force in these markets?

Jim Cramer: The Stocks That Attract the Buy Now, Pay Later Younger Investor

Jim Cramer: The Stocks That Attract the Buy Now, Pay Later Younger Investor

They are all chasing the same people, the millennials.

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?