|Day Low/High||68.96 / 70.34|
|52 Wk Low/High||48.42 / 75.24|
As mentioned on Wednesday, despite already sizable holdings, Warren Buffett's Berkshire Hathaway purchased nearly $14 billion of financial services equities in the most recent quarter: * Bank of America (198 million shares, $5.7 billion) * JPMorgan ...
Citigroup's charts and indicators are bearish.
As the market broke down late last month I penned a column, "A Contrarian's Thoughts" (while I unemotionally took on a number of trading long rentals based on the expectation of a possible rally in the S&P Index towards 2800-2850): "The pessimism i...
I am not making a long purchase today. But if you don't share my ursine market view I would consider the following at current prices: , , all banks ( , , and ), retail ( and ), and .
* Trading unemotionally and opportunistically I aggressively bought into the very large sell program at about 3-3:30 p.m. All I can write is that it was a wild day with possibly one of the largest intraday moves I have ever seen. These sort of spa...
* I am aggressively using the current weakness in bank stocks to expand my long investment positions * In a fairly valued market, banks represent uncommon value * Bank stocks may be among the best long hedge (I know of) as viewed and measured agains...
My largest buys today were in Bank of America , Citigroup , JPMorgan and Wells Fargo .
The shift from regional to national banks is stark.
Will it be too painful to stick around while you wait for the Fed to change course?
*In a richly valued market banks represent uncommon value I have been following banks and other financial stocks for 40 years. I believe I have "Street Cred" as back in the early 1970s (while getting my MBA at Wharton), as a "Nader Raider" I co-auth...
Overall, third-quarter 2018 bank results were slightly better than I expected. I will review each today, starting with Citigroup : Citigroup recorded a profit of $1.73 per share, about a nickel above consensus. The results, in quantity and quality, ...
U.S. stocks look set for another volatile session Monday as investors re-set prices in markets all over the world amid amid escalating tensions between Washington and Riyadh over the death of a prominent Saudi journalist in Turkey last month as well as renewed concerns for trade disputes between the U.S. and its major economic partners.
A look back at one of the darkest hours to contextualize Friday's market volatility.
Upcoming results from these names -- and many others -- should reassure investors.
The good news about a bounce like we are seeing this morning is that it helps create some obvious technical levels.
Markets will be watching subscriber growth and pricing power when NFLX reports on Tuesday.
Loans will be a pivotal piece of the picture as major U.S. banks report earnings on Friday.
"Progress is cumulative in science and engineering, but cyclical in finance." -- James Grant, "Money of the Mind: Borrowing and Lending in America from the Civil War to Michael Milken" I will be moving from a small/medium-sized exposure in banks to ...
Bank earnings will tell us something about the overall market mood.
The cloud sector has suffered, but this is how to navigate this selloff.
I have consistently opined that bank stocks are my most favored investment sector for the next several years. I have thought of the group as investments but the way rates are acting they may also be a trade to the upside. When I went "all out" and l...
Try these trades in JPM and Key to take advantage of weakness in the sector.
Autos and Semiconductors Autonomous driving. This is becoming a really big deal. By now, I am sure that most of you saw this morning's interesting news. Honda Motor would immediately invest $750 million in the Cruise autonomous vehicle unit of Gener...
Earnings season will start in earnest late next week. That's when we'll hear from the likes of JPMorgan Chase , Citigroup , and Wells Fargo . As an aside, the banks are finally feeling some relief today as the U.S. 10-year has finally put some dista...
There are a few things that are lining up nicely on the daily chart of the banking giant.
If Musk is barred from running this company, as with any sinking ship, the rats will finally flee.
For most of this year the market has been led by growth stocks.
Covered calls may be the best bet -- or wait for a dip.
Tilray provided good entertainment and there were crazy pockets of momentum.