|Day Low/High||102.93 / 104.45|
|52 Wk Low/High||76.91 / 141.10|
Just take the three most obvious letters in FAANG -- Facebook, Apple, and Netflix -- they were all ideas from my children.
* And placing the stock on my Best Ideas List (short) * Large money centers have spent billions of dollars on technology to compete with Square, Pay Pal, et al. * This morning's JPMorgan announcement of point of sale innovation is meaningful Witho...
I shouldn't be surprised that I'm getting questions about the banking sector.
I don't pick stocks on politics, but was shocked to see how a majority of our Action Alerts PLUS holdings would perform if Joe Biden wins the White House.
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.
This is probably a $260 stock, and will be on the day that the market stops hating on the banks.
A small western homebuilder and a furniture maker are the latest to see their businesses improve amid the pandemic.
Covid itself, and therapeutics or vaccines associated with taking on the SARS-CoV-2 coronavirus, is under a public microscope.
It is logical that stocks consolidate a little as we head into earnings season.
Some patterns reveal themselves easily, and you can spot them ahead of the computer programs. Here are examples of them, and how to act.
You want to be long the shares when the company starts buying them again. You don't have to be long until then.
The belief that there eventually will be more fiscal stimulus is holding bears at bay and letting the bulls run wild.
* Good news on the credit front * My positive bank thesis remains very much intact * From a near term standpoint, third quarter will likely indicate a topping in loan loss provisions, a continued improvement in fee based income lines (e.g., mortgag...
Now, that we have confirmation from the Nasdaq Composite, I think we can say equity markets are indeed back in what I would consider an uptrend.
There was some significant rotational action Monday and we'll see if that continues as we move into earnings reports.
The two money center banks are set to report earnings on Tuesday.
What stocks do from here will, beyond electoral risk and potential stimulus, rely upon fourth quarter guidance.
Made some buys this morning - pushing me closer to large-sized than medium-sized. Bidding for more , , and .
Coming up in my Diary on Monday: Why "The Biden Bump" is a positive -- not a negative as is commonly assumed -- for bank stocks. This is truly a non consensus view. P.S. - I am bidding for more on today's weakness.
Here's a follow-up on why too much of a good thing can be wonderful. My Trade of the Week (long JPMorgan ) is +2% today. I continued to buy this name during the week. In financials, as mentioned earlier in the day, I added to Morgan Stanley on...
Let's check out both the stocks that are going strong -- even without a stimulus -- and what I call the nascent bull markets.
* I remain bullish over the near term... * And bearish over the intermediate term * Wednesday's market was extraordinarily strong - likely characterized by a continued "offsides" position by a number of market participants * I expect a smaller and t...
This stock in my opinion is going to move violently in the short term.
* Financials remain unloved * Until they rally further! It was only about two weeks ago that I began to add to and initiate a number of individual equity buys. Among those was Goldman Sachs (at under $190/share) which is now trading at nearly $206...
Even more important than fiscal support moving forward would be the concept of Covid-19 very soon being effectively treatable for the public.
I remain upbeat on the intermediate term outlook for bank stocks and have recently suggested that banks are likely in the process of bottoming: * Fine Tuning JPMorgan's Estimates * JPMorgan Beats Estimates * Financial Stocks, George Soros and Me ...