|Day Low/High||45.19 / 46.02|
|52 Wk Low/High||43.02 / 59.52|
The big banks that have reported have made a combined total of $29.5 billion. That's astonishing.
Whether the U.S. economy warrants a rate cut at this stage of the cycle is perhaps debatable.
Before you take as gospel the business media talking heads who say Bank of America had a clear beat -- I would take a look at the lower effective tax rate in the quarter. The BAC results were basically in-line, adjusted for the aforementioned reduct...
JPM joined other banking heavyweights in exceeding expectations at least at the headline level.
For those trading the FANG or FAANG names, and especially Facebook, Tuesday sets up as a day bearing exceptional levels of headline risk.
The bulls will say this is healthy consolidation that will set up another leg higher, while the bears will say this is an indication of indecision and is a prelude to a rollover.
The big bank is showing a few positive signs on the charts, but the major trend is still bearish.
There were two notable shifts in trading action Thursday.
Deutsche Bank's blunders and restructuring, and a new chief at the European Central Bank, could be perfect combination for a bull case.
The risk is that the chief design officer's departure will cause technical issues in Apple's chart.
Just out of the chute. Markets are close to flat, supported by strength in the energy sector. Ten of eleven sectors are lower, as yields rise small. Some profit-taking across bond proxies. The banks are breathing easier ahead of the Fed's stress tes...
* 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 I promised to update my "Level...
Another day of "newsy" action as it pertains to how the trade negotiations are going. Today it was Sarah Sanders saying, in very vague terms, that negotiations are advancing in the sense that the Chinese are willing to proceed with the talks. As suc...
My long book is down to small positions in , , and . Mediums sized in . And large positions in (actually very large as I have been adding), , , , , L and . My short book includes small to medium sized positions in , , , , and large positions in and ...
Buffett and Munger have some questions to answer, some situations to ponder, and probably a more concerned public than in the past to deal with.
Banks are helping buoy Tesla despite diverging opinions from their own analysts.
There are several story lines to watch as these companies report earnings.
Here are my key observations today: * Jim Cramer is very correct, the market is resilient. * Breadth was positive -- almost the mirror image of yesterday's session (1,578 advancers/1,358 decliners on the NYSE). * Bonds continue to deliver the messag...
Amazon and Wells Fargo are two distinctly different securities that hold the promise for attractive returns over the next 5 years.
Both big banks are modestly valued with hefty dividend yields.
* Both Amazon and Wells Fargo can coexist in a portfolio committed over the long term * Amazon has almost unlimited growth prospects * Wells Fargo has an indisputably large deposit base and franchise * Consider timeframes and reward v. risk, always ...
Wells Fargo's conference call was poor. The bank indicated (summed up well below) that margins would continue under pressure - as the relationship between costs and revenues are out of whack, placing the bank in a less competitive position. While I ...
A look at the financials as earnings season kicks into high gear.