|Day Low/High||340.72 / 348.99|
|52 Wk Low/High||270.62 / 426.16|
Plus, Ford and Rivian, and SoFi Technologies' national bank charter.
Best performing financial (from the morning) - Goldman Sachs . Went long and added during day - well into my buy level. But if I am such a Smarty Pants, I should have stayed short at $415 a few months ago!
With the weakness in big caps progressing, there is some light at the end of the tunnel.
So you all know, the critical thing that made me sell out my aforementioned trading longs - well before I anticipated to! - was the leg higher in bond yields in the last few minutes. P.S. - Correction from previous post: I sold out all my trading lo...
There are plenty of stocks I want to buy now, but the action is dismal.
I have taken a number of short term long rentals in the whoosh lower -including $457.70, $373.36, $319, $261.51, $349.19, and $37.50.
* Bank and brokerage stocks are "over owned" and too popular now just as industry EPS progress may disappoint in the quarters ahead I have favored bank and financial stocks for several years but I suspect the sector's outperformance may soon come t...
* It is also another vivid example of "group stink" JPMorgan is acknowledged as the preeminent money center bank in the U.S. Nevertheless its shares took an unexpected -$10/share pounding on Friday after management revealed an EPS release that was ...
In short, Friday was simply an absolute disaster for the U.S. in macroeconomic terms.
I am taking my shorting cues today from: * The weakness in , , and . * The inability of some tech stocks (read: Amazon ) to hold early gains and totally reverse. * The profound reverse in market breadth. * The uber confidence expressed in the busin...
Some of the market has been in a correction since February, but the indexes and many big-caps have only been correcting for a week.
Activist investors say a three-way division of the Japanese company is yet another effort to evade outside pressure and keep management in place.
* I am considering the purchase of Alibaba Group Holding and GDS Holdings . Despite protestations in some quarters, Charlie Munger's purchase of Alibaba has piqued my interest and I am considering investing in several Chinese securities. Here, Goldm...
Last week a request was made in our Comments Section to produce Goldman Sachs' favorite stocks for 2002. Here you go: View Chart » View in New Window »
Last week a request was made in our Comments Section to produce Goldman Sachs' favorite stocks for 2002. Here you go: Conviction Buy-rated stocks we are focused on entering 2022... The below screen includes constituents of GS Research's Conviction ...
There are huge baskets of stocks being bought and sold in order to shift exposure out of growth and other stocks that are hurt by higher rates.
* Market participants appear to be waiting until Citigroup's divestiture program from a number of foreign markets is fully completed * Redeploying those assets into buybacks, with the shares at a large discount to book value, makes a lot of financia...
Per my most recent "Levels" post 10 days ago - several financials - I have been patiently waiting them to fall - are closing in on my buy levels: * $47.50 * $365 * $94 I will be buying at those levels.
But the problem is that we have to navigate the Omicron issue this week.
Bear in mind that as Omicron threatens to, and will to some degree, slow economic activity, the real catalyst will be the political and policy response.
The dilemma going into the Federal Open Market Committee meeting slated for Tuesday and Wednesday is whether inflation transitory, or not.