|Day Low/High||95.56 / 97.54|
|52 Wk Low/High||27.20 / 77.76|
Adding to my and shorts at $96.54 and $379.18, respectively.
In a real attempt to be transparent - here are my trades from this morning with today's cost basis in parentheses: * Short ($440.99) * Short ($366.57) * Short ($36.60) * Short ($383.70) * Short ($98.19) * Short ($260.71) * Short ($711.32) * Short ...
The PayPal bulls come out to play... Bank of America Securities notes that "core trends remain robust" with Q2 revenue rising 32% year over year and reiterates its Buy rating, while Morgan Stanley lifted its price target to $340 from $347.
Let's check the bank's charts to see what's happening with the stock.
The Russell 2000 is now down not just back-to-back sessions, but six sessions in the last eight with all six of those "down" days having given up 0.9% or more.
An attractive hike. A special dividend. Who will win?
* Buy the analysis, sell the news "Price has a way of changing sentiment." -The Divine Ms M To me, bank stocks may be a classic example that bull markets are borne out of bad news (March, 2020) and bear markets/corrections are borne out of good new...
After five days, the nastiness that is allocation through high-speed algorithmic selection (profit-taking) returned to the fold.
* I am holding on to a non consensus and bearish view on financial stocks. The price of Citigroup's shares have declined in 11 consecutive trading sessions - for a cumulative drop of -14%. From The Divine Ms M: Citi pic.twitter.com/gjTYsgf228 — He...
Goldman Sachs is down big for the third day in a row. Today another -$11.35 to $359.65. With the Seabreeze launch in under two weeks, I just took in the trading short rental. Same goes for Morgan Stanley (-$3.51 to $87.50).
With interest rates moving lower - growth is now outperforming value in a material way. Sell banks, short and .
If I was actively trading I would be adding to Goldman Sachs and Morgan Stanley shorts.
* Yesterday afternoon C chimed in on some weakening trends * I expect some modest EPS reductions for 2022 from the Street today * I would be a buyer of C at $68/share Yesterday I warned, after a doubling in share prices, about the banks, and I sho...
Given my view on banks and brokerages - I shorted small positions in and yesterday. Jun 14, 2021 ' 12:05 PM EDT DOUG KASS About the Banks Repeating for emphasis: I would no longer be long the banks. I am now short (MS) and (GS) . Goldman Sachs which...
But I never had anything definitive until Monday when Jamie Dimon was interviewed about the financial tech competition.
The IPO is likely to be the largest in the United States this year and would give investors access to the world's largest 'mobility market.'
U.S. investors will be barred from trading the securities of 59 Chinese companies in a new executive order.
Top experts discuss their best bets in the financial services and Wall Street banking group.
The 'organic' economy has to take over at some point, and at that point, at least in theory, demand for credit should accelerate.
The deal for Grab would involve U.S. tech venture capital firm Altimeter Capital Management.
How does one navigate markets as the quarter unwinds with so much drama? Here's how.
The main story unfolded along with the passing hours on Monday, and continues. The ending of this tale perhaps remains far from untold.
Everyone knows the basics. Last week, the trading operation run by Bill Hwang known as Archegos Capital Management blew up.
The blow-up of a fund last Friday is causing repercussions, but it is simply accelerating corrective action that was already underway.
Here's why the Fed chief will probably be proven dead right in his views of inflation.