|Day Low/High||45.55 / 46.62|
|52 Wk Low/High||20.76 / 46.69|
This is that 72-hour period when the most important names report. Here's what you need to know to get through it.
Top experts discuss their best bets in the financial services and Wall Street banking group.
With freedom of speech under attack, investment banks are quietly de-emphasizing operations in the city, often shifting Asian hubs to Singapore.
* The decline in speculative stocks has been historic and broad-based - something I have been expecting for months * I remain bearish on the overall outlook for equities Yesterday's market was brutal and broad-based to the downside: * The specula...
Here's why KEY has almost always found a place on my book.
Amazingly, one group isn't just left behind, it just keeps losing money, while the other group is shrugging off this day with aplomb.
I will have more on bank stock fundies early next week. But, for now, it is increasingly clear that the 2021 EPS estimates - not unexpectedly - will be higher than previously thought. However, with the exception of banks like and - who have contin...
* The outlook worsens a bit Schwab is on my Best Ideas (short). Compared to many other financial intermediaries, SCHW reported a disappointingly small beat relative to consensus for 1Q2021. More importantly, the company's conference call revealed...
How Interesting. On Wednesday, market participants rotated out of the un-rotation that had been in vogue for most of April.
We have crypto worshippers, false idols and those who believe selling can equal betrayal.
Small-caps look like they may be near the end of a two-month-long correction.
Perhaps the most interesting result of an inflationary but not frightening CPI was visible in U.S. Treasury security markets.
The reaction to earnings from the big banks this week should give us some insight into market sentiment.
The 2021 Tax Loss Selling Recovery Portfolio is killing it, which makes it tempting to shut it down and harvest the profits, but we'll let the experiment roll on.
Could equity markets be ready to roll over? To tell you the truth, I thought that the risk to the downside had increased late last week.
Break in! Wells Fargo reports no losses or further exposure to Archegos just now.
Everyone knows the basics. Last week, the trading operation run by Bill Hwang known as Archegos Capital Management blew up.
Plus, Federal Reserve Vice Chairman Richard Clarida talks about inflation, though his description doesn't sound "transitory."
I key on Boeing as the best place to bet on China.
* Many might consider backing off a bit from the game - by reducing your portfolio's 'VAR' * The pivot from growth to value may have hit a short term peak in intensity yesterday * If correct, there may be developing value plays in growth - I like Am...
Should we care about Australia's central bank taking overtly aggressive action to reign in the long end of their yield curve? Yes, we should.
This is a good time to check out the charts of WFC.
A lot of activity today. A real lot. If you can't follow (which is understandable!) I am left with the following: Longs: Verizon VZ, Bank of America , Citigroup , JPMorgan , Wells Fargo , , Shorts: Bonds, Homebuilders, Hilton , Hyatt , Twitter , Di...
This is how you enforce portfolio allocation discipline upon yourself.
As is customary, Mr. Market rallied from the morning schmeissing (at least halving the earlier declines): * Breadth was negative 2-1. * In percentage terms, the Russell Index declined 3x the Nasdaq and S&P. * Banks were mixed -- but Wells Fargo cont...
* Verizon and Chevron purchased, banks and gold sold * None of these portfolio moves surprised me - but some might surprise the markets Warren Buffett pulled down his cash position a bit and got more busy in the latest reporting period. Notably: ...