|Day Low/High||48.40 / 48.85|
|52 Wk Low/High||43.02 / 57.84|
I am not making a long purchase today. But if you don't share my ursine market view I would consider the following at current prices: , , all banks ( , , and ), retail ( and ), and .
* Trading unemotionally and opportunistically I aggressively bought into the very large sell program at about 3-3:30 p.m. All I can write is that it was a wild day with possibly one of the largest intraday moves I have ever seen. These sort of spa...
* I am aggressively using the current weakness in bank stocks to expand my long investment positions * In a fairly valued market, banks represent uncommon value * Bank stocks may be among the best long hedge (I know of) as viewed and measured agains...
Break in. Wells Fargo boosts their share buyback program by an additional 350 million shares.
My largest buys today were in Bank of America , Citigroup , JPMorgan and Wells Fargo .
The shift from regional to national banks is stark.
*In a richly valued market banks represent uncommon value I have been following banks and other financial stocks for 40 years. I believe I have "Street Cred" as back in the early 1970s (while getting my MBA at Wharton), as a "Nader Raider" I co-auth...
U.S. stocks look set for another volatile session Monday as investors re-set prices in markets all over the world amid amid escalating tensions between Washington and Riyadh over the death of a prominent Saudi journalist in Turkey last month as well as renewed concerns for trade disputes between the U.S. and its major economic partners.
A look back at one of the darkest hours to contextualize Friday's market volatility.
Wells Fargo beat on quarterly revenue but missed on earnings per share.
The good news about a bounce like we are seeing this morning is that it helps create some obvious technical levels.
Markets will be watching subscriber growth and pricing power when NFLX reports on Tuesday.
Loans will be a pivotal piece of the picture as major U.S. banks report earnings on Friday.
"Progress is cumulative in science and engineering, but cyclical in finance." -- James Grant, "Money of the Mind: Borrowing and Lending in America from the Civil War to Michael Milken" I will be moving from a small/medium-sized exposure in banks to ...
The cloud sector has suffered, but this is how to navigate this selloff.
I have consistently opined that bank stocks are my most favored investment sector for the next several years. I have thought of the group as investments but the way rates are acting they may also be a trade to the upside. When I went "all out" and l...
Earnings season will start in earnest late next week. That's when we'll hear from the likes of JPMorgan Chase , Citigroup , and Wells Fargo . As an aside, the banks are finally feeling some relief today as the U.S. 10-year has finally put some dista...
If Musk is barred from running this company, as with any sinking ship, the rats will finally flee.
Analyst downgrades and mind-boggling P/E ratios do not matter in this current market.
Here is a list of the positions I own (long and short) that have been mentioned in my Diary: Longs: puts, large, small, , small, , large, , small, , , small, large, calls, TWTR large, small Shorts: SPY calls, SPY Large, , small, tagends, small, smal...
A brewer facing challenges, a banking giant and a retail behemoth are ripe for downside plays.
The potential reward in GM as hurricane season arrives is now worth some risk.
The Dow was the lone index to find its way into the green before Thursday's closing bell.
Here is a list of the positions I own (long and short) that have been mentioned in my Diary: Longs: puts, large, small, , small, , , large, , small, small, small, small, large, large, small. Shorts: SPY calls, SPY large, large, small, tagends, smal...
This morning I reestablished small investment positions in Bank of America, ,Citigroup, ,JPMorgan Chase and Wells Fargo . Over the last month I sold out all my bank stocks (at lower prices) - and that was a mistake. Though I remain bearish on th...
In the "absence of sellers," a number of Best Ideas List members are breaking out this morning: , , and .
Here is my buy list of stocks that I plan to aggressively buy in a more sizable market correction: , , , , , , , , , , , , , and .
Macy's reports this morning. Here are some trade ideas on retailers as they enter this sweet spot.