|Day Low/High||73.22 / 74.72|
|52 Wk Low/High||48.42 / 76.28|
Based on the stock's history, I would target a reversal of 4% to 6% from today's close.
Management has steered the story to its steep discount and the market is buying the narrative.
Let's figure out which techs have had enough downside that they can bounce even if they miss the quarter.
The company stated it is making progress on hitting its goals.
I will have a lengthier post and analysis on the banks, and anticipate updating my analysis on Citigroup (after this morning's report) - but I do have some brief comments. To me, the banking group is the cheapest market sector extant against normali...
Citi's mixed start to a week of bank earnings has the market reacting with a mixed move on the stock.
Citigroup bats lead-off for the banks, who as a group will bat lead-off for the entire sphere of public equities.
We have several standout investment positions today. , a Piper upgrade this morning, is my favorite speculative stock for 2019. I have been steadily adding to this name on weakness (see past posts). The shares were placed on my Best Ideas List on Ja...
There have been some remarkable percentage gains from this morning's lows. Some examples: +6%, +4%, +8%, +5%, +6%, etc.
In addition to taking a trading long rental in , I have added to $51, $54 and $24.10 in the early going.
I have added to these longs at the opening: Bank of America , Goldman Sachs , Citigroup and the aforementioned CBS .
Without a take and hold of the 2570 level, this rally is all just a trading exercise.
The smart way to panic is to remove any trace of financial systemic risk from your portfolio.
Where is the money that's supposed to take advantage of the declines? Nowhere.
DB isn't likely to become the next Lehman Brothers. It's more likely to become the next Citigroup.
For about two years my personal pension plan has been entirely in short term Treasuries. This morning I abandoned that strategy and I have taken positions (on the opening) in the following stocks: , , , , and . I have no current intention of trading...
I have added further to my trading layer (on top of investment position) in financials this morning. ( , and ) I will have more on financials on Monday - in a more lengthy analysis. I will be at a Board of Governors meeting at my golf club from 12-2...
I just established the following longs (in a new managed account): Square $64.96, Goldman Sachs $185.57, Wells Fargo $52.29, Citigroup $62.52, and Bank of America $27.19.
DB's shares hit another new low overnight.
* Large U.S. banks are rapidly gaining share in fixed income trading and retail and corporate lending Deutsche Bank's shares have hit another new low overnight. As I have written in the past, I view as the next Black Swan in Europe: "Like Sears , De...
* The market structure changes have brought on new and meaningful market risks * I am fearful of 'Portfolio Insurance (Part Deux)' in which "buyers who previously bought high become aggressive sellers selling low" * I am also fearful of the deterior...
Of the trading long rentals I took in the market's schmeissing earlier in the week, only a small position in Cisco remains. I expect to continue to hold the add-ons in Twitter , Citigroup , Bank of America , JPMorgan Chase and Wells Fargo . (These a...