|Day Low/High||192.83 / 199.80|
|52 Wk Low/High||151.70 / 275.31|
We have a gap-up open and some poor earnings news -- and once again the bears are on the run as they keep trying to guess when a turn will occur.
Banks' quarterly reports mean quarterly grades are due.
If you are investing in individual stocks you have to do individual research. It's that simple.
By any definition we are in an uptrend, but the character of a market can shift.
This shutdown is starting to feel different from those that we have experienced in the past, is it not?
A retest of the recent lows in the major indices after their recent big run likely won't happen any time soon, but there could be a substantial drop before support occurs.
It would appease some bears, allow some profit-taking and help to make sure there is some good support.
Doug Kass' top pick for 2019 is finally getting more praise than punishment.
Investors are starting to realize that these banks are making the most money they ever have and are doing so with less risk.
Do I love Goldman? No. We missed that bus, but that does not mean that we can't try to make some dough.
Prices could test the declining 50-day simple moving average line very soon.
Goldman is a winner in Wednesday's pre-market action.
As uncertainty increases, expect greater demand for safe haven assets.
A few more days of rallying and we will be on quicksand -- without some actual, genuine, earnings beats and raises. JP Morgan is a prime example.
They may represent the single most attractive industry group in the S&P Index.
* In a richly valued market, banks represent uncommon value * Banking industry profits are now generating a reasonably high return on investment (ROI) despite a very tough operating environment * Given the freezing up in the capital markets in Decem...
Citi overcame a mixed print to send its stock surging on Monday.
If one is betting on a sustained surge from Citi, bigger banks could be bullish bets.
It sure felt like that after listening to Citigroup's robust conference call this morning.
Booyah to my two favorite large cap contrarian picks for 2019 - universally hated Goldman Sachs and Facebook . The two stocks continue to exhibit market leadership.
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...
Citigroup bats lead-off for the banks, who as a group will bat lead-off for the entire sphere of public equities.
In December I highlighted my two contrarian large cap picks for this year - Goldman Sachs and Facebook . GS traded great off of the Christmas low and, not surprisingly, is giving a little back (-$1.40) on profit taking. FB continues to trade higher ...
And if anybody should come along He gonna give you any love and affection I'd say get it while you can, yeah Hey, hey, get it while you can - Janis Joplin, Get It While You Can It is tempting to take off some longs after today's spectacular rise. Af...
* I have sized up a number of individual longs during the market's recent weakness I have moved from medium-sized to large-sized in the following longs: , , , and . I have moved from small-sized to medium-sized in the following longs: and . I curren...
There have been some remarkable percentage gains from this morning's lows. Some examples: +6%, +4%, +8%, +5%, +6%, etc.