|Day Low/High||95.85 / 97.57|
|52 Wk Low/High||76.91 / 141.10|
Remember how the banks and tech were viewed just two weeks ago vs. now?
Rising U.S.-China tensions continue to weigh, but new home sales and stalled continuing jobless claims may be positive catalysts.
Bank stocks look poised and are well bid in premarket trading. is indicated +$3 on top of yesterday's +$7 gain. (It is my Trade of the Week). looks like it might open above $200/share!
So what's the narrative? Simple: the recession is ending, it turned out to be a V recession and recovery after all.
JP Morgan's shares are now +8% (or by over +$7/share) today fueled by upbeat comments on company profits (trading, buyback and dividend comments were positive this afternoon). JP Morgan is my Trade of the Week!
* Banks stocks are extraordinarily cheap today * In 2008 financials represented a record high 26% of the S&P Index, today they stand at a record low (at close to 7% of the S&P Index) * JP Morgan has a large war chest to absorb loan losses Historical...
Mark gave my favorite presentation (so good that I have asked John Mauldin permission to show the video tomorrow). Mark is the founder, CEO, and chief investment officer of Morgan Creek Capital Management. He is also the managing partner of Morgan C...
Jerome Powell hit the airwaves with some words of caution and comfort. Nvidia is running into earnings.
These bearish bets are showing both technical and quantitative deterioration.
Wells Fargo investors will likely be relieved (on Monday) that Berkshire Hathaway sold none of its shares according to its just reported 13-F. (There were vague rumors that Buffett was selling). Berkshire liquidated most of its Goldman Sachs positio...
Now, with retailers and related companies set to report, we likely will see more logs tossed on the fire that is dividend suspensions and quarterly dividend cuts.
* Breadth still nasty at 10-1 negative. * No real stability, yet. * Oil down two bits. * Gold +$9. * Bond yields down three to four basis points. * Energy, retail, financials, real estate, gaming, industrials broadly lower. * The only green on my ma...
There are simply an immense number of health and technology and safety companies coupled with businesses that thrive when you have to stay home.
If you're looking for value, yield and have a three to five-year investment horizon, take note of these names.
One of Asia's largest oil shippers has sought protection against liquidation from 23 of the world's biggest banks amid revelations of its founder's cover-up.
I have to respectfully disagree with Jim Cramer's conclusions in his recent column, 'No Wonder Bank Stocks Have Been Hit So Hard'.
* The robust level of bank industry "war chests" are being underappreciated by investors * The Banking Industry, as measured by earnings power (before LLP and one-time charges), reserve (and balance sheet) strength and loan diversification are well ...
How has my book evolved since the Fed and Treasury rode into town? Here's how.
Community banks have already faced challenging times, and now the Covid-19 crisis is adding to the woes.
There's are several reasons why Kass has been aggressively buying recent weakness in bank stocks.
The restaurant chain has received a helping hand under the Coronavirus Aid, Relief and Economic Security (CARES) Act; look for other operators to follow.
Are the markets ready for a pause in this dramatic rebound? We are several weeks behind Europe in battling this pandemic and U.S. numbers are far worse. Time will tell.
The market has turned a blind eye to the economic challenges that lie ahead as the focus is on the government's massive creation of liquidity.
There is no joy in stockville -- instead we have big companies with stocks rising. Here's why that is and what you need to understand about the rally amid the crisis.
Earnings season started with a mixed bag of reports.
Tests, masks, contact tracing, anti-virals. Are those too much to ask?