|Day Low/High||38.77 / 40.55|
|52 Wk Low/High||28.36 / 61.11|
* 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...
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 ...
Community banks have already faced challenging times, and now the Covid-19 crisis is adding to the woes.
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.
I'm not willing to stick my neck out right now and take an equity stake.
One concern for traders and investors would be that the good cheer created by the development of this Phase One deal, as well as actions taken by the FOMC, are nearing or at the point where the headline risk points in the other direction.
Let's check out the charts of USB to see if this is a good level to be a buyer.
The Fed is doing this right. Let me repeat... the Fed is not screwing this up.
FYI, the spread between 90 day paper and 10 year notes is down to less than one basis point. Should this key spread un-invert, I would think that the banks might see a positive algorithmic response. U.S. Bancorp has already outperformed other banks ...
What the Fed needs to do in July is to cut the FFR by 25 basis points and put the balance sheet management (QT) program to bed two months early.
Good morning folks! As Doug heads off on vacation (something I'll be doing on Saturday myself), I'm sitting in today for him, and I'll be doing so again right before his return. We're in the second real week of the June-quarter earnings season, and ...
Preventing the U.S. dollar from appreciating too aggressively while repairing credit conditions are 'job freaking one'.
I am neutral on this market, and only a cool off of the hottest stocks can justify a further advance.
The risk is that the chief design officer's departure will cause technical issues in Apple's chart.
China reported positive data, bolstering markets. Netflix had a beat on earnings, but faces fierce competition ahead. CSX is a thing of beauty.
It is going to be fast, it is going to be furious during a shortened week of trading.
Why does it always make me feel uncomfortable when my plan diverges from Warren Buffett's?
As uncertainty increases, expect greater demand for safe haven assets.
Dow Theory presents tips for surviving a bear market, some top year-end stock bargains and a simple strategy for monthly income.
* And puts his imprimatur on the U.S. money center bank stocks "One last thing." -- Lt. Columbo After the close, Berkshire Hathaway announced a new investment position in JPMorgan Chase . Normally I would view this as a non-event but I see this as r...
As I mentioned earlier, we're off to a brisk pace this morning, and here are some of the headlines that have caught my eye as I drink that second cup of coffee: * US Bancorp reports September quarter earnings per share that were $0.02 ahead of expec...
I am unimpressed by the latest earnings report. Despite good subscriber growth, fundamentals look weak.
Alright folks, it's time to wake up, grab that coffee or other beverage that helps you start the day, and let's get ready for the market day ahead. Doug Kass is off and I'm ready to go. It's going to be a busy morning given some of the earnings repo...