|Day Low/High||43.63 / 44.54|
|52 Wk Low/High||43.02 / 59.52|
Decent reports by big banks weren't enough to ignite the shares.
Markets fell across the board Friday, ending the week on a sour note.
I am back in my office. Haven't had a chance to go through Wells Fargo results. Weekend project.
TheStreet's founder and Action Alerts PLUS Portfolio Manager Jim Cramer was pleased with the financial results from JPMorgan Chase and Citigroup.
Even the best of earnings can't forestall an angry president.
The S&P 500 needs a catalyst to break out of its recent range of 2,550 and 2,670.
Financials stocks are set to take on a leadership role across the markets, according to banking analyst Mike Mayo of Wells Fargo Securities.
There are a few stocks that remind me of quicksand.
U.S. stock futures are mixed; Citigroup, JPMorgan Chase and Wells Fargo report earnings; Donald Trump orders a review of the Postal Service; Tesla is kicked off group investigating fatal crash. Watch for more now!
We have an interesting technical setup as reports start to roll in next week.
TheStreet's founder and Action Alerts PLUS Portfolio Manager Jim Cramer is bracing for earnings on Friday from JPMorgan Chase, Citigroup and Wells Fargo.
I plan to add to the following investment shorts on further strength: * Retail ( , , ) * Disney over $105 * Starbucks at $59.50-$60.00 better * over $40 * at $260 or better * at $77 * at $122 I continue to add to the following longs: , and .
5 things you need to know: U.S. stock futures surge on Tuesday, after Chinese President Xi Jinping pledges to open more sectors to foreign companies; Facebook CEO Mark Zuckerberg is scheduled to address Congress about the Cambridge Analytica scandal and more. Watch now!
First quarter earnings season kicks off this week with the big banks.
* Twitter is benefiting from stabilization of the FANG stocks. It looks like it could be breaking to the upside from its recent $26-$28.50 trading range. I have been aggressively buying this name on weakness. * Banks are solidly higher with strong b...
I have taken off my trading long rentals in , and just now. These were my "Trades of the Week." In the financial space I remain long and short .
* I covered a small amount of Market Vectors Retail ETF and will continue to cover the balance over the next few days given the lack of liquidity. * Bought more SPDR Gold Trust ETF . * Added to Wells Fargo , Bank of America , JPMorgan Chase and Citi...
This morning I added to the following longs: * - I am buying every dip in the precious metal. * - I beleive the leadership change from FANG to consumer non durables has only started. * , , and - See "Trade of the Week" * - The Barron's story added ...
It is my view that the large money center banks are poised to rally in the near term: The financial space has been a conspicuous underperformer over the last month - in the face of a 10-15 basis point decline in the 10 year US note and long bond yi...
Berkshire's cash hoard has grown to an astounding $116 billion.
My largest incremental purchases this week (on the long side) have been , , and .
Departures from FB are going to hurt en masse and they make it extraordinarily difficult to value the stock itself.
Go over your portfolio. If it didn't go up today, you've got a real problem on your hands.
I added to and longs. I took a small trading long rental in at $267.70 (its a sixty minute trade!).
The financial sector has a long history of doing better earnings-wise as interest rates rise.
"Pretty good. Pretty, pretty, pretty, pretty good." -- Larry David, Curb Your Enthusiasm All in all I had one of my best days in a long time - short SPDR S&P 500 , long SPY puts really helped. But oddly, many of my longs -- Alternative Harvest ETF ,...
Sectors are saying different things about rates, but new Fed chief Jerome Powell could provide clarity at his first press conference on Wednesday.