|Day Low/High||105.98 / 110.71|
|52 Wk Low/High||95.95 / 119.33|
Things may pick up in the afternoon -- here is how to play it and what sectors to be wary of.
Insiders buy for only one reason -- to make money.
I am not making a long purchase today. But if you don't share my ursine market view I would consider the following at current prices: , , all banks ( , , and ), retail ( and ), and .
* Trading unemotionally and opportunistically I aggressively bought into the very large sell program at about 3-3:30 p.m. All I can write is that it was a wild day with possibly one of the largest intraday moves I have ever seen. These sort of spa...
* I am aggressively using the current weakness in bank stocks to expand my long investment positions * In a fairly valued market, banks represent uncommon value * Bank stocks may be among the best long hedge (I know of) as viewed and measured agains...
My largest buys today were in Bank of America , Citigroup , JPMorgan and Wells Fargo .
The shift from regional to national banks is stark.
We are in the midst of earnings season where we can piece together a mosaic of what's really going on in the economy.
It's a rare moment when stocks rally on a preannouncement or a number cut.
Will it be too painful to stick around while you wait for the Fed to change course?
*In a richly valued market banks represent uncommon value I have been following banks and other financial stocks for 40 years. I believe I have "Street Cred" as back in the early 1970s (while getting my MBA at Wharton), as a "Nader Raider" I co-auth...
JP Morgan's results were well above expectations driven by a revenue beat and lower credit costs. Loan volume was firm, deposits solidly advanced and investment banking results were strong - serving to provide a 17% return on total capital employed...
U.S. stocks look set for another volatile session Monday as investors re-set prices in markets all over the world amid amid escalating tensions between Washington and Riyadh over the death of a prominent Saudi journalist in Turkey last month as well as renewed concerns for trade disputes between the U.S. and its major economic partners.
JPM shareholders had a wild ride on Friday.
A look back at one of the darkest hours to contextualize Friday's market volatility.
Wells Fargo beat on quarterly revenue but missed on earnings per share.
We know that there are too many companies that are beholden to China for up earnings.
The pressure on financials is affecting the entire market.
How high can the bank's stock jump?
The banking giant is up on its quarterly results, but its charts indicate any rally could be tough to sustain.
Jamie Dimon's giant rarely disappoints; the third quarter was no exception to that rule.
The good news about a bounce like we are seeing this morning is that it helps create some obvious technical levels.
Markets will be watching subscriber growth and pricing power when NFLX reports on Tuesday.
Loans will be a pivotal piece of the picture as major U.S. banks report earnings on Friday.
"Progress is cumulative in science and engineering, but cyclical in finance." -- James Grant, "Money of the Mind: Borrowing and Lending in America from the Civil War to Michael Milken" I will be moving from a small/medium-sized exposure in banks to ...
Bank earnings will tell us something about the overall market mood.
The cloud sector has suffered, but this is how to navigate this selloff.
I have consistently opined that bank stocks are my most favored investment sector for the next several years. I have thought of the group as investments but the way rates are acting they may also be a trade to the upside. When I went "all out" and l...