|Day Low/High||199.02 / 203.25|
|52 Wk Low/High||130.85 / 250.46|
It sure felt like that after listening to Citigroup's robust conference call this morning.
Booyah to my two favorite large cap contrarian picks for 2019 - universally hated Goldman Sachs and Facebook . The two stocks continue to exhibit market leadership.
I will have a lengthier post and analysis on the banks, and anticipate updating my analysis on Citigroup (after this morning's report) - but I do have some brief comments. To me, the banking group is the cheapest market sector extant against normali...
Citigroup bats lead-off for the banks, who as a group will bat lead-off for the entire sphere of public equities.
In December I highlighted my two contrarian large cap picks for this year - Goldman Sachs and Facebook . GS traded great off of the Christmas low and, not surprisingly, is giving a little back (-$1.40) on profit taking. FB continues to trade higher ...
And if anybody should come along He gonna give you any love and affection I'd say get it while you can, yeah Hey, hey, get it while you can - Janis Joplin, Get It While You Can It is tempting to take off some longs after today's spectacular rise. Af...
* I have sized up a number of individual longs during the market's recent weakness I have moved from medium-sized to large-sized in the following longs: , , , and . I have moved from small-sized to medium-sized in the following longs: and . I curren...
There have been some remarkable percentage gains from this morning's lows. Some examples: +6%, +4%, +8%, +5%, +6%, etc.
I also added to Goldman Sachs on this morning's weakness. A reminder, GS is my favorite large cap stock for 2019. It's a contrarian delight.
* Short-Term Bullish * Intermediate-Term Bearish "Since 1969, the Santa Claus rally has yielded positive returns in 34 of the past 45 holiday seasons - the last five trading days of the year and the first two trading days after New Year's. The avera...
But extreme short-term volatility will produce extreme long-term loss of public trust.
I have added to these longs at the opening: Bank of America , Goldman Sachs , Citigroup and the aforementioned CBS .
The smart way to panic is to remove any trace of financial systemic risk from your portfolio.
Where is the money that's supposed to take advantage of the declines? Nowhere.
Goldman Sachs shares are now trading at about the same discount to book value that it traded at during The Great Recession in 2007-09. I moved from medium-sized to large-sized today at about $163.
DB isn't likely to become the next Lehman Brothers. It's more likely to become the next Citigroup.
In Goldman Sachs' daily bar chart we can see a downtrend from March.
These are currently situations where companies are facing serious lawsuits.
"Certain members of the former Malaysian government and 1MDB lied to Goldman Sachs, outside counsel and others about the use of proceeds from these transactions... 1MDB, whose CEO and Board reported directly to the prime minister at the time, also p...
I initially placed Goldman Sachs on my Best Ideas List (short) at $242 on January 10, 2017 - nearly two years ago. It was not a popular decision! My short thesis cited several factors including: * Goldman Sachs remains a "value trap" * I give manage...
Here are my predictions for the S&P 500, bank stocks, the Federal Reserve's move on interest rates and much more in the coming year.
I have added further to my trading layer (on top of investment position) in financials this morning. ( , and ) I will have more on financials on Monday - in a more lengthy analysis. I will be at a Board of Governors meeting at my golf club from 12-2...
But there is no catalyst right now, and there are so many other sectors with better prospects.