|Day Low/High||388.39 / 404.21|
|52 Wk Low/High||185.52 / 420.76|
With backing from some of tech's heaviest hitters, Didi or "beep beep" joins Dingdong in going public this week.
Trading will continue to slow as we approach the long weekend.
After five days, the nastiness that is allocation through high-speed algorithmic selection (profit-taking) returned to the fold.
* Is it time to expect the unexpected? * Too much "group stink" and "first level thinking" has invaded the markets * As an example, just look at the shares of General Motors and Delta Air Lines - both have been the subject of near universal optimism...
* I am holding on to a non consensus and bearish view on financial stocks. The price of Citigroup's shares have declined in 11 consecutive trading sessions - for a cumulative drop of -14%. From The Divine Ms M: Citi pic.twitter.com/gjTYsgf228 — He...
Goldman Sachs is down big for the third day in a row. Today another -$11.35 to $359.65. With the Seabreeze launch in under two weeks, I just took in the trading short rental. Same goes for Morgan Stanley (-$3.51 to $87.50).
With interest rates moving lower - growth is now outperforming value in a material way. Sell banks, short and .
If I was actively trading I would be adding to Goldman Sachs and Morgan Stanley shorts.
Financials are conspicuously weak this morning. I highlighted concerns again earlier. Citigroup , the object of my disaffection, is -$3/share in the early going. is down another three beaners.
* Yesterday afternoon C chimed in on some weakening trends * I expect some modest EPS reductions for 2022 from the Street today * I would be a buyer of C at $68/share Yesterday I warned, after a doubling in share prices, about the banks, and I sho...
Given my view on banks and brokerages - I shorted small positions in and yesterday. Jun 14, 2021 ' 12:05 PM EDT DOUG KASS About the Banks Repeating for emphasis: I would no longer be long the banks. I am now short (MS) and (GS) . Goldman Sachs which...
The public seems to have resigned itself to dealing with a greater degree of inflation for longer than anything I would have considered to be 'transitory.' The again, the public is often as wrong as the Fed.
Let's see what makes an 'aisle' of stocks hot and what makes another messy -- and what I'd suggest you put in your cart.
The IPO is likely to be the largest in the United States this year and would give investors access to the world's largest 'mobility market.'
Ns over Ss. Breadth 17-15 most of the day - not too swift considering absolute gains in the Nasdaq and S&P Index. Ten year yield down another four basis points to yield 1.45% - confounding a lot of bright observers. The downturn in rates - despite...
Market breadth and the Indexes were mostly flat today. A highlight was the continued decline in bond yields (and higher fixed income prices). That bond action reinforces my idea of selling the banks and shorting Goldman Sachs . After the close...
These younger investors think it's a sin to sell no matter how much money has been made.
With interest rates continuing to move lower ( +$1.15/share) and the rate of domestic economic growth slowing, I would be shorting Goldman Sachs and I would be out of all bank stocks.
U.S. investors will be barred from trading the securities of 59 Chinese companies in a new executive order.
I think that there will be a backlash against remote work as if it were a bad memory.
The banks are parking large amounts of dough at the Fed every night. Last Friday's number was the highest single day total since 2017.
My slightly different approach uses a combination of fundamental and technical factors.
Do you know any business leaders? None of them are going to like the idea of higher corporate taxes. None of them.
The largest-ever merger in Indonesian history will combine the country's two best-known online brands.
Here's a lesson I learned decades ago at Goldman Sachs about how stocks can move in times like this.
Sure you can but any of these, but do not buy all of them because you will be betting against the business cycle.
This is that 72-hour period when the most important names report. Here's what you need to know to get through it.