|Day Low/High||26.84 / 28.26|
|52 Wk Low/High||22.00 / 54.75|
Why does it always make me feel uncomfortable when my plan diverges from Warren Buffett's?
As much as I abhor the firm's prior business practices, I've got to give the numbers their due.
Analysts need to recognize this shift in the banking markets.
* The bank merger of BB&T and SunTrust is a one-off and is a very modest negative for the existing and large money-center banks BB&T and SunTrust Banks have announced a $66 billion merger of equals intended to create the country's sixth-largest bank...
Legislative action to block buybacks is pertinent for Alphabet earnings.
Covered and then reshorted Added to my , and shorts (moved to medium-sized from neutral) Bought some SPY puts (maturing at the close) Bought small Sold some (after the run from the low $40s -moved from medium to small) I was a bit over my skiis long...
I really like the pin action in a number of my core longs: , , , , (as expected off of the strength), , , , and . and , not so much! Note: Long GS (large), BAC (large), C (large), WFC (large), JPM (large), DWDP (large), HIG (large), CBS, M (small), ...
It is hard to become excited about the long side of the banking giant due to overhead resistance and a lack of aggressive buying of its shares.
Banks' quarterly reports mean quarterly grades are due.
I continue to have a very difficult time finding individual stocks that I want to buy at this juncture.
Do we have to run for the hills? Not necessarily.
Citi overcame a mixed print to send its stock surging on Monday.
If one is betting on a sustained surge from Citi, bigger banks could be bullish bets.
Citigroup bats lead-off for the banks, who as a group will bat lead-off for the entire sphere of public equities.
JPMorgan Chase, Wells Fargo and Netflix are just some of the companies reporting next week.
* The fundamentals are bad and getting worse * Expectations remain far too optimistic * Reward v. risk no longer attractive * S&P cash stands at 2590 against a "fair market value" of 2400-2500 Even before Fed Chair Powell delivered his more dovish m...
Wells Fargo is getting some better news for a change. I'm long on the name.
The smart way to panic is to remove any trace of financial systemic risk from your portfolio.
S&P futures are trading about 45 handles above the day's lows. In my view, we are headed to a year-end rally. Many investors are justifiably fearful but I expect (and am hopeful) that when we look back a month from now many may rue that they didn't ...
For about two years my personal pension plan has been entirely in short term Treasuries. This morning I abandoned that strategy and I have taken positions (on the opening) in the following stocks: , , , , and . I have no current intention of trading...
Wake up and smell what the Fed is cooking and lower the amount of your portfolio allocated to stocks.
I just established the following longs (in a new managed account): Square $64.96, Goldman Sachs $185.57, Wells Fargo $52.29, Citigroup $62.52, and Bank of America $27.19.
DB's shares hit another new low overnight.
* Large U.S. banks are rapidly gaining share in fixed income trading and retail and corporate lending Deutsche Bank's shares have hit another new low overnight. As I have written in the past, I view as the next Black Swan in Europe: "Like Sears , De...
Here's how Jerome Powell can stand down after this hike and not compromise the independence of the Fed.
Of the trading long rentals I took in the market's schmeissing earlier in the week, only a small position in Cisco remains. I expect to continue to hold the add-ons in Twitter , Citigroup , Bank of America , JPMorgan Chase and Wells Fargo . (These a...
As mentioned on Wednesday, despite already sizable holdings, Warren Buffett's Berkshire Hathaway purchased nearly $14 billion of financial services equities in the most recent quarter: * Bank of America (198 million shares, $5.7 billion) * JPMorgan ...