|Day Low/High||95.85 / 97.57|
|52 Wk Low/High||76.91 / 141.10|
From shrinking the balance sheet to growing it. From raising rates to cutting them. The Fed has no ability to effect such change now, and thus my complete and utter disdain for the imminent rate cut.
If cruise lines and restaurants and retailers and airlines and oils are in trouble, so are their bankers.
I'm not willing to stick my neck out right now and take an equity stake.
The stock price of JPM is still pointed down and the broad market has not put in a low yet - this means there is further risk.
In times of stress like we have now, the earnings have nothing to do with the stock price; here's what you should look to instead.
In the 2nd of a 3-part series, Jim Cramer goes through all 30 Dow stocks to evaluate what is safe to buy and what you should sell or avoid (like the plague).
* In today's instance, I look at gamma positioning by option hedgers I find that a lot of commentators have rather vague reasons for making short term trading decisions. "Gut feel" is how I would characterize many - which I don't think is particular...
On Friday I purchased JP Morgan and put it on my Best Ideas List at $117.50 (after selling my initial investment months ago at higher levels). In my haste and given the market's volatility I failed to explain my rationale. Briefly: * Interest Rates ...
"If all we had were roses, would the thorns then be beautiful?" - Grandma Koufax Truths and roses both have thorns about them but patiently travelling and navigating, in a consistent but objective and analytical way (in our markets) often brings on ...
I would not take an equity stake without messing around with net basis through the sale of what look to me to be well placed options mean to force profit taking, and/or adding at advantageous discounts.
Let's see if there's anything new on GE's charts.
Both and moved into my buy zone. I purchased both on the opening. JP Morgan goes on my Best Ideas List.
For reliable income, a portfolio strategy generating monthly payouts, an opportunity in dividend kings, and favorites among taxable bond funds.
The pockets of strong trading action in individual stocks illustrates an appetite for speculative action.
New York Community Bancorp hides under the radar when compared to major players, but offers a high yield to investors.
Bank OZK, previously Bank of the Ozarks, offers a dividend yield of 3.7%.
These undervalued names fit well in a diversified portfolio.
Given the headlines of late, it's no wonder so many missed the news of this small Massachusetts Dividend Contender's latest increase.
I think, ultimately, the big issue for many will be what happens in the United States if we hear about people who didn't go to China who have come down with the disease.
I have been quite active this morning. * I have covered all of my , and shorts (at very good prices) in pre-market and in early market trading. * I have sold my entire SPY put position for a good profit. * I have added to (Mario Gabelli pushed the n...
Here's my strategy which has worked particularly well.
In a paperless and cloudy world, are investors and citizens as safe as the markets assume we are? In a flat, networked and interconnected world, is it even possible for America to be an "oasis of prosperity" and a driver or engine of global economic...
* Sometimes it's that simple! Today we took the elevator down. We always seem required to find a reason for the market's action during the day -- it is the essence of the after-hours financial media shows. Most commentators have suggested that the m...
A reminder that I have a large short position in : Jan 22, 2020 ' 12:05 PM EST DOUG KASS Hedging With the Most Beloved Bank Stock * Shorting more JP Morgan I am pressing my (JPM) short hedge (against my medium-sized bank longs).
Watch bonds - as they are not modifying the equity market's recent rise. The yield on the 10 year is down to 1.72% (-5 bps on the day) - that's a multi-month low as I mentioned on Wednesday. I have pressed my JP Morgan short hedge against my bank ho...
* Shorting more JP Morgan I am pressing my short hedge (against my medium-sized bank longs).