|Day Low/High||23.11 / 23.59|
|52 Wk Low/High||22.00 / 54.75|
* Scharf is a great "get" for Wells Fargo * I expect the long standing underperformance of the bank will soon be a thing of the past * While absolute EPS growth will likely be lackluster over the next 12 months, my analysis argues for the resumption...
Perhaps the greatest risk of all is that of systemic complexity, and this is as close to an unknowable risk as there is.
With low price-to-earnings multiples, these stocks could be buys right now -- depending on your take on recession.
There is also reason to see longer-term equity strength in valuations.
The nation's central bank forever perverted the concept of what we used to call the 'free market.'
* The bank's management change is quite bullish This morning Wells Fargo has named BNY Mellon's Charles Scharf as its new CEO. I have followed Scharf's career for decades - he is the real deal. Many have given up on WFC, the stock... but I haven't (...
* Only three of eleven S&P sectors are viewed as attractive * I am in a risk off state of mind. Back in 2015 I instituted a new regular feature called "Sectors," in which I periodically offered my short-term (6-12 months) price outlook for each of t...
I added further to my long but that was it for my trading today. (VXX is my Trade of the Week) At 3:20 p.m. the indices are more or less where they opened. Breadth was only modestly negative. FANG got walloped, banks were only modestly lower (a "win...
A trade deal still seems far away, so check your China exposure, again, as earnings season approaches.
With its tarnished reputation and general market malaise, Wells Fargo offers a low-risk entry price.
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 "When the time comes to sell, y...
These stocks and sectors are safe havens, and may even be opportunities.
Berkshire is so large and diversified that its prospects are tied to the economy as a whole, with the added benefit of being a defensive play in case of a market downturn.
People's United has a dividend yield of 4.29% and is buying holding bank United Financial.
Bank shows strong earnings, 13% dividend Increase and 4.2% yield.
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...