|Day Low/High||88.75 / 90.31|
|52 Wk Low/High||79.86 / 106.23|
There are nearly too many surging sectors to count.
Banks are just now starting to reserve for the possibility of several defaults from their energy portfolios.
Moody’s has placed the credit ratings of four regional banking companies on review for downgrade, based their portfolio of energy loans, which are under pressure due to low oil prices.
The drop in oil prices has the United States worried about the state of both the Texas economy and its banks.
While the recovery in the energy sector might be a year away, Texas-based Cullen/Frost(CFR) continues to write new loans for energy companies.
Piper reiterates it's Midsouth Bancorp (MSL) buy this morning, citing many of the factors I did earlier in the day. One of the more interesting factoids in the report is that MSL has had only $2.4 million in cumulative energy charge-offs since 1985....
Reams of stocks make sense on a pullback. And what looks bad? Anything even remotely connected to oil and gas.
Given the plunge in crude, beware of these ancillary minefields as well.
Where it began. Greece is collapsing, the Iranians are getting aggressive and Rome is in disarray. Welcome back to 430 B.C. -- John Cleese The rundown: U.S. futures are higher. (S&P 500 futures are +7 and Nasdaq futures are +15 handles as stocks co...
Cullen/Frost's chart is looking good, and a recent merger should prove lucrative.
Let's take a peek at overnight and early-morning price action in some of the major asset classes. The rundown: S&P futures +5; Nasdaq +24, as Apple (AAPL) moves in after-hours trading; Nikkei -; European markets +; crude flat; gold +$5; and 10-year ...
These four names, representing four major sectors, look positioned to move higher.