|Day Low/High||48.13 / 50.15|
|52 Wk Low/High||38.08 / 59.19|
The groups that are winners will stay winners as long as interest rates maintain their downward trajectory.
Relief is on the way, and there's an inexpensive beneficiary out in California.
Although equity index futures are lower, this whole thing has been taken in stride. For now.
Bearish names dominate this week and financials in particular.
To demonstrate the folly, let's look at 2 big winners over the past week.
ZION is not weak enough to short, but also not strong enough to suggest probing the long side.
The positive jobs data reminds me of WWE superstar Dwayne 'The Rock' Johnson: 'Can you smell a rate-hike cooking?'
These banks are all undervalued, and could attract bank-stock activist funds.
Piper reiterates it's Midsouth Bancorp (MSL) buy this morning, citing many of the factors I did earlier in the day. One of the more interesting factoids in the report is that MSL has had only $2.4 million in cumulative energy charge-offs since 1985....
Where it began. The bulls will be focused on the benefit of continued low interest rates and its salutary impact on stock valuations. Question: Should market P/E trend higher based on ever easy central bank that brings a lower-than-historical level ...