|Day Low/High||57.97 / 59.12|
|52 Wk Low/High||28.36 / 55.69|
Everyone knows the basics. Last week, the trading operation run by Bill Hwang known as Archegos Capital Management blew up.
Let's look at my recommendations from when the nation was panicking over COVID and how they did after.
We always try to tell whoever will listen that regional banks would benefit the most should the long end of the curve ever show some life.
Right off the top, the bubble has burst for the 'short squeeze' names such as GameStop and AMC Entertainment.
These top picks for 2021 include consumer banking, finance REITs, brokerage, mortgage, insurance and wealth management names.
Plus, a look at the unusual chart pattern of Chegg Inc. and what it may mean.
I would like to add a bank - BAC - and have always liked United Rentals.
I will have to give some of my favorite tech names a haircut in the name of balance. Hopefully everyone gained some exposure to gold.
The president hit the bid in order to avoid a government shutdown, and stop 'the people' out at $600.
Covid itself, and therapeutics or vaccines associated with taking on the SARS-CoV-2 coronavirus, is under a public microscope.
Next week the June quarter earnings season maelstrom kicks off with 115 companies, including 32 S&P 500 constituents, reporting their latest quarterly results. In recent days we've seen a number of companies up their outlook for the quarter but we'v...
* 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'.