|Day Low/High||70.70 / 71.85|
|52 Wk Low/High||40.49 / 80.29|
Still, my favorite financial name at the moment is SoFi Technology as I believe that they have all of these banks in their sights.
Banks rolling over after beats. Brokers initial gap turns into losses. FAANG gains moderating. Getting more serious on short side. Shorted at $44.17 against my and longs.
While supply-chain constraints are a global problem, consumer-level inflation is not yet as broad a problem, or at least not evenly distributed.
Bank stocks are among the most favored value plays of many money managers and strategists based on the fact that the industry is a direct beneficiary of higher interest rates. This is indeed true - as banks are balance sheet and income statement se...
The financial names will begin to report earnings this week,
While rates are playing havoc with growth stocks, there is other rotational action going on.
Market volatility could spike in late November/early December just as liquidity walks away. Keep that in mind.
Having a debt ceiling is foolish, it only ever matters to the party currently out of power and never really does what it was intended to... curb federal spending.
"And it's just a box of rain I don't know who put it there Believe it if you need it Or leave it if you dare And it's just a box of rain Or a ribbon for your hair Such a long long time to be gone And a short time to be there..." - Grateful Dead, Box...
I do not share the growing optimism on bank stocks ("price has a way of changing sentiment") -- and I don't see a new bull market leg in the space. Indeed, I see reward vs. risk deteriorating moderately in this week's advance. I have taken a pro...
I've gotten some questions about my comment surrounding the weaker than expected economic data, including today's August ISM Services data and the August Employment Report. To list off all of the recent economic data and how they clocked in vs. expe...
The largest tech investors in Asia and Africa are scouring India for prospects after souring on China.
After a wonderful run and keeping with my ursine market view, I just took off some and longs at $161.10 and $73.82, respectively.
Doesn't the Fed now have to taper asset purchases simply to avoid becoming an even greater force in these markets?
They are all chasing the same people, the millennials.
Some of my longs that I have mentioned recently include , , , , , , (spec), (spec), , , , , and .
* Trading and investing can sometimes be as seen as much as art as science * To me, both trading and investing should be embarked upon dispassionately, enforced and supported by a sense of where value resides * Some technicians see the recent rollov...
IBM beat expectations and the complexion the overnight mood changed. But will the mood change hold?
Citigroup traded at over $80/share in early June 2021 and, as we expected, has corrected by nearly -20% -- in large measure because of the recent interest rate decline. * After recording a 2Q2021 EPS beat, Citigroup will shortly be aggressively rep...
* But, getting long slowly Long in and now. Small-sized - at $64.65 and $146.34, respectively.
Instead of fixating on stocks like the banks, look at what really matters: how darned rich this country is.
If you are not in the market for a vehicle right now, inflation is right where the pros thought it would be.
Shares of BLK have delivered strong gains with more likely ahead.
Plus, the chart of Tesla indicates it's time to be wary if you're in the stock at present.
After five days, the nastiness that is allocation through high-speed algorithmic selection (profit-taking) returned to the fold.