|Day Low/High||178.06 / 180.64|
|52 Wk Low/High||130.85 / 250.46|
Let's step back and look at this market that has abandoned all sorts of safety and went all in on the stocks of companies based on the Fed's words and a promising Moderna study.
Speaking of narratives... the day started with the view that Berkshire's sale of Goldman Sachs was a negative for the shares (something that I tried to refute in my first post of the morning at 7:45 am). GS is trading +$10/share today!
The not unexpected Berkshire - Goldman Sachs news occurred Friday nite so I will reposte my interpretation of Warren's move: May 15, 2020 ' 06:20 PM EDT DOUG KASS Buffett and Bank Stocks Wells Fargo (WFC) investors will likely be relieved (on Monday...
Wells Fargo investors will likely be relieved (on Monday) that Berkshire Hathaway sold none of its shares according to its just reported 13-F. (There were vague rumors that Buffett was selling). Berkshire liquidated most of its Goldman Sachs positio...
NYSE will reopen the floor in a limited way, banks were in the headlines and Semis lead the rise.
* Big picture changes loom on the investment horizon * Many of these paradigm shifts are disruptive and market unfriendly * There will be some industry winners (healthcare/biotech, internet, packaged foods) but many industry losers (hotels, airlines...
If you're looking for value, yield and have a three to five-year investment horizon, take note of these names.
Community banks have already faced challenging times, and now the Covid-19 crisis is adding to the woes.
There's are several reasons why Kass has been aggressively buying recent weakness in bank stocks.
Goldman Sachs is nearly +$10/share from its day's low in the early going. I added today as posted. I will be updating all my financial holdings over the next few days after this week's EPS releases.
Are the markets ready for a pause in this dramatic rebound? We are several weeks behind Europe in battling this pandemic and U.S. numbers are far worse. Time will tell.
The market has turned a blind eye to the economic challenges that lie ahead as the focus is on the government's massive creation of liquidity.
While there will be bumps, thuds and even some damage, 2020 will by no means bring about an end to dividend investing.
The banks are changing their stance, so let's see what the indicators say.
The financials, and Goldman Sachs (in particular), have a different and more positive look in this decline.
Forget the issue of a retest of the lows for now and focus on new areas of technical support.
I am in a dip buying mode now. I remain of the view that we do not retest -- in fact, we may not get close to a test. I bought small (for trades) on this morning's quiet session -- trading around cores. As mentioned I like Goldman Sachs and Citigrou...
I like the way Citigroup and Goldman Sachs are trading. They are in my top 10 individual holdings - though as investments and not trades. They have a "different" and better look in the last week.
* My revised levels I don't want there to be any ambiguity about the size of my positions or about my buy and short levels as I strive for as much transparency as possible. "When the time comes to buy, you won't want to." --Walter Deemer "When the t...
Over the past month, 3 sectors have revealed themselves as market leaders: Technology, Healthcare and Consumer Staples.
* And on two other recent buys... On weakness over the last few weeks I moved to large Disney and Goldman Sachs : * March 30th Trade of the Week: DIS $93 (now $104) * March 23rd Trade of the Week: GS $134 (now $168) Nothing this week on The Trade of...
It could make the difference if the debt and equity markets remained thawed after a brief period of freezing.
Piper Sandler maintains an "Overweight" rating on Goldman Sachs but takes their price target down from $278 to $214. Here is my latest update on GS this week.
The fundamental story may have improved but avoid it.
* The Indexes looked "like death" on multiple occasions today -- the market bent, but didn't break and ended strongly higher by day's end. * To me, short-term trading remains, at best, difficult in a market featured by silly high volatility and rand...
'The Fed has just put the economy in an induced coma, attaching it on fiscal and monetary life support, hoping that when the time passes it can be brought back to life.'
The mouse is roaring... Disney over $102 (Trade of the Week at $93 yesterday!). Added to banks, ViacomCBS , Goldman Sachs (last week's Trade of the Week) and hotels, and .
I sold out my trading long rental on Penn Gaming based on the announcement of a refinancing. More later. I added to , , , and this morning.
Don't rush to buy for fear that you are going to miss the best entry points. Countertrend bounces should not be easily trusted.