Prev Close | 70.38 |
Open | 70.18 |
Day Low/High | 67.89 / 71.78 |
52 Wk Low/High | 32.00 / 80.77 |
Volume | 28.32M |
Prev Close | 70.38 |
Open | 70.18 |
Day Low/High | 67.89 / 71.78 |
52 Wk Low/High | 32.00 / 80.77 |
Volume | 28.32M |
Exchange | NYSE |
Shares Outstanding | 2087.32B |
Market Cap | 143.84B |
P/E Ratio | 12.57 |
Div & Yield | N.A. (N.A) |
Last week's "Trade of the Week" was Citigroup which rallied a bit during the five trading sessions. I am back with the same stock this week as it is growing abundantly clear that bonds are breaking down in price and rising in yield. C remains one...
Bonds continue to break down in price as yields rise. Good for the banks. Citigroup , my Trade of the Week, did fine over the last few trading sessions.
After a strong start to the year, bank shares have been retreating over the last two weeks; here's what the declines could signify.
The parent of Hainan Airlines is looking to restructure its debts and shed non-core subsidiaries after coming under government control.
Many have been incorrectly dismissive of the broader investment ramifications of the recent and wanton speculation in gewgaws of all shapes.
Let's check out the charts and indicators.
* Many have been (incorrectly) dismissive of the broader investment ramifications of the recent and wanton speculation in gewgaws of all shapes * I have been shorting rips and buying dips in a heightened regime of volatility * Color me bearish * I s...
"Just one more thing." - Lt. Columbo I have my hands full with quite a lot of business projects I am working on (including a new hedge fund). I was actively trading -- before and after leaving my office this afternoon -- and I want to alert you ...
* Respect different approaches of delivering trading and investing profits * "Get it while you can" but recognize that speculation has now formed a lengthy convoy * The magnitude of recent speculative activity, based on history, may result in a shor...
The maker of the RELX brand of vape pens and e-cigarettes - the market leader in China - hopes to take the company global.
The consumer continues to de-leverage at an extraordinary pace -- and the ramifications of this are extraordinary.
Plus, a look at the unusual chart pattern of Chegg Inc. and what it may mean.
* 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 * ...
This Friday several banks begin the unofficial kickoff of 'earnings season'.
Plus, a preview of the coming Consumer Electronics Show and quick news hits on Micron and Boeing.
* As I predicted 13 months ago, the streets have grown violent in the aftermath of the election * But, markets have no conscience and are increasingly dispassionate * Structural changes - specifically the proliferation of "passive investing" - have ...
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!...
Can we trust MU this time? Is it too late to hop on board?
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" - ...
* Bank stocks, in 2020, were an example of this * And so was the S&P Index this year "The best lack all conviction, while the worst/Are full of passionate intensity." - William Butler Yeats I knew it would happen, I wrote it would happen. Price is...
These names in diverse industries have suffered from tax-loss selling and offer 'bounce back' potential in January.
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)...