Prev Close | 31.16 |
Open | 31.40 |
Day Low/High | 30.91 / 31.43 |
52 Wk Low/High | 17.95 / 35.45 |
Volume | 36.26M |
Prev Close | 31.16 |
Open | 31.40 |
Day Low/High | 30.91 / 31.43 |
52 Wk Low/High | 17.95 / 35.45 |
Volume | 36.26M |
Exchange | NYSE |
Shares Outstanding | 8650.81B |
Market Cap | 272.93B |
P/E Ratio | 16.87 |
Div & Yield | N.A. (N.A) |
* The setup into the current reporting period is poor * With bank stocks elevated, in-line to slightly lower reports, relative to consensus expectations, could modestly disappoint traders and investors - particularly if my market concerns pan out * ...
* I find a record low number of stocks that meet my standards for purchase today * Book mark this missive! * Stated simply... "You're betraying your whole life if you don't say what you think - and you don't say it honestly and bluntly." - Charles...
I would like to add a bank - BAC - and have always liked United Rentals.
I am making small sales in , , and now as the magnitude of the spike higher this morning seems a bit extreme. The banks are as close to "forever" holdings for me and I am planning to keep them medium-sized - albeit less than I started the day with!...
I will have to give some of my favorite tech names a haircut in the name of balance. Hopefully everyone gained some exposure to gold.
Exane BNP Paribas downgrades Tesla to underperform and lowers its price target to $340. " Tesla no longer has the benefit of operating in a "vacuum of competition... With possible competition from Waymo, Didi, Baidu and even Apple , "we would not w...
I have eliminated my long (bank/financial ETF) today in keeping with what I wrote 12 days ago: Dec 18, 2020 ' 06:09 PM EST DOUG KASS Taking Off Some From Bank Holdings in the After Hours * The share repurchase news may mark a near-term top in the b...
2021 could be a year in which the S&P Index shows little movement in the first half, but market pressures might mount over the last six months.
* In 2020 (despite broad February-March weakness) equities rose faster, valuations expanded far greater, and interest rates fell sharper than the consensus expected * 2021 could be a year in which the S&P Index shows little movement in the first hal...
"Ch-ch-changes Ooh, look out, you rock 'n' rollers Ch-ch-ch-ch-changes Turn and face the strange Ch-ch-changes Pretty soon now you're gonna get older Time may change me But I can't trace time I said that time may change me But I can't trace time" - ...
We have just the recipe for the banks to continue their upside move.
From Whitney Tilson's "Daily": For the last couple of months, my friend Doug Kass of Seabreeze Partners and I have been pounding the table on bank stocks, which have been ripping higher lately... They did so again yesterday after this news broke on...
Beyond JPM, here are the banks I have my eye on.
* The share repurchase news may mark a near-term top in the banking sector For the first time in almost a year, I am scaling back some of my bank stock holdings now -- in after-hours trading. Though a bit unexpected (from the standpoint of timing)...
Let's review the charts on BAC.
Though market breadth is still 2-1 (positive) I see developing pockets of concern and weakness. Most conspicuously, growthy FAANG has already reversed and the Nasdaq is well off the morning high. Tesla is even down on the day! Though banks remain up...
Traders have been buying calls in BAC left and right.
Timing can be a fruitful exercise, but it is more useful as an investment tool, rather than a trading tool.
Here we'll look at Bank of America's December calls.
A value investor reviews six big Wall Street banks following their recent strong earnings reports.
I was active trading yesterday: * I took a long rental. * I added to , , , , , , , and longs. * I covered small (still medium-sized), (from large-sized to medium-sized), (still medium-sized) and (still medium-sized) shorts. __________ Long GOOGL (...
* And covering small in individual shorts DJIA, Nasdaq and S&P, down -900 -350 and -100, respectively. My reaction? I am buying more , , , , , and in the last 30 minutes. I have covered small in (still medium-sized), (from large-sized to medium-siz...
Go with the banks. They are cheap and we learned this week with that big move up in rates, they will too.
It might be like cold water in the face to think that earnings don't matter. But these stocks have detached themselves from all metrics.
As long as the pandemic rages on, the stay-at-home thesis should stay strong.
Right now our policy on new stimulus is defaulting to 'to heck with the fourth lane' and all who ride on it. That's a crying shame.
Here are today's trades: * I have added to my ($43.83), ($24.02), and ($24.34) longs on this morning's weakness. * I have added to my ($351.40) and ($295.95) shorts on the early ramp. As a result of these trades, I have moved to Market Neutral. ...
Covid itself, and therapeutics or vaccines associated with taking on the SARS-CoV-2 coronavirus, is under a public microscope.