|Day Low/High||48.31 / 48.85|
|52 Wk Low/High||43.02 / 57.84|
This is likely to be quickly forgotten again and the focus turn to earnings.
I am not a fan of "Group Stink" or consensus thinking. Case in point Micron and Intel -- two universally loved/liked stocks of two months ago. In fact, it was hard to watch the business media platforms (particularly Fast Money) and not hear a comme...
From United Rentals to GE, they're still underpriced.
Let's go to our game plan that's filled not just with earnings but with key data from both the U.S. and China.
Technically speaking, Wells Fargo's chart is beginning to show improvement.
WFC could well pull back and fill the price gap in the days ahead.
Wells Fargo (+$3.40) = "The World's Fair" I have consistently had a contrarian and bullish view on this maligned bank. I continue to do so - remains my largest bank long.
Deutsche Bank has made another new low overnight. As I have written DB is the next Black Swan. But its problems will enure to the benefit of large US money center banks as I wrote in early June: Deutsche Bank's Problems Will Benefit Large US Money ...
Maybe you should not emulate the Oracle after all.
TheStreet's founder and Action Alerts PLUS Portfolio Manager Jim Cramer wants the bank stocks to move higher.
"Just one more thing." - Lt. Columbo As we approach the end of the first half of 2018 it is a good time for reflecting on one's decision making process. This year is turning out to be one of the best absolute and relative performance periods I have...
If this feels like 2007, you aren't crazy.
* DB woes are actually a positive for US money center banks that are rapidly gaining share in fixed income trading and retail and corporate lending * I am adding to my already large bank exposure now Why are the bank stocks so weak? My guess is the ...
Panic replaced by rationality as investors put Italy troubles in perspective.
* The Italian debt crisis will result in a downgrading of European economic growth and lower interest rates for longer * Plunging Treasury yields provide short term and long term risks and opportunities Over the last week, as the emerging markets ha...
Relief is on the way, and there's an inexpensive beneficiary out in California.
I added further to my long today but I am not sure I understand why the shares have moved into the green, in a sea of banking red.
I have added to my and longs today, consistent with my opening missive. PG is now my second largest individual long position - with recent buying, Wells Fargo has taken over the first spot.
"The one area where I have not reduced is bank stocks -- and I have no current intention to pare down those positions anytime soon." - Kass Diary, Back to Net Short (yesterday) The only market group that I still have a uniformly large exposure is in...
The reason why the stock market has barley reacted to strong first quarter earnings growth is because of fear. That's according to Ryan Payne, President of Payne Capital Management.
Do the financials finally get the boost that investors in that space have been waiting on?
Tim "Not Judy or Phil" Collins on the technical merits of Bank of America . BAC is on my Best Ideas List (long) - along with , and .
Here are a couple of nice long standouts in a sea of red today: Macy's , Box , Wells Fargo and Dillard's (which I have been recently accumulating). On the short side, Apple is beginning to slip -- and, as I mentioned earlier, I had also been adding ...
* Consumer packaged goods stocks are oversold and now represent value * Given the share price decline, I expect pressure on PG management to split the company into three parts "Low Expectations Are Now Discounted: Today, sales, profit, and market (i...
Wells Fargo , my Trade of the Week, has had a good four days. I hope to have another interesting one for Monday.
Today is Wells Fargo's 2018 Analyst Day. Here is a link to the webcast. WFC is my "Trade of the Week". The shares are trading up a beaner in premarket trading.