Prev Close | 36.17 |
Open | 37.11 |
Day Low/High | 36.79 / 37.42 |
52 Wk Low/High | 20.76 / 48.50 |
Volume | 6.39M |
Prev Close | 36.17 |
Open | 37.11 |
Day Low/High | 36.79 / 37.42 |
52 Wk Low/High | 20.76 / 48.50 |
Volume | 6.39M |
Exchange | NYSE |
Shares Outstanding | 4134.11B |
Market Cap | 155.28B |
P/E Ratio | 77.80 |
Div & Yield | N.A. (N.A) |
A lot of activity today. A real lot. If you can't follow (which is understandable!) I am left with the following: Longs: Verizon VZ, Bank of America , Citigroup , JPMorgan , Wells Fargo , , Shorts: Bonds, Homebuilders, Hilton , Hyatt , Twitter , Di...
This is how you enforce portfolio allocation discipline upon yourself.
As is customary, Mr. Market rallied from the morning schmeissing (at least halving the earlier declines): * Breadth was negative 2-1. * In percentage terms, the Russell Index declined 3x the Nasdaq and S&P. * Banks were mixed -- but Wells Fargo cont...
* Verizon and Chevron purchased, banks and gold sold * None of these portfolio moves surprised me - but some might surprise the markets Warren Buffett pulled down his cash position a bit and got more busy in the latest reporting period. Notably: ...
In which we discuss the seven heavenly ways to make money and the seven sins to watch for.
The rise in retail has been a tailwind for the portfolio.
Right off the top, the bubble has burst for the 'short squeeze' names such as GameStop and AMC Entertainment.
After a strong start to the year, bank shares have been retreating over the last two weeks; here's what the declines could signify.
These top picks for 2021 include consumer banking, finance REITs, brokerage, mortgage, insurance and wealth management names.
Many have been incorrectly dismissive of the broader investment ramifications of the recent and wanton speculation in gewgaws of all shapes.
* Many have been (incorrectly) dismissive of the broader investment ramifications of the recent and wanton speculation in gewgaws of all shapes * I have been shorting rips and buying dips in a heightened regime of volatility * Color me bearish * I s...
"Just one more thing." - Lt. Columbo I have my hands full with quite a lot of business projects I am working on (including a new hedge fund). I was actively trading -- before and after leaving my office this afternoon -- and I want to alert you ...
* Respect different approaches of delivering trading and investing profits * "Get it while you can" but recognize that speculation has now formed a lengthy convoy * The magnitude of recent speculative activity, based on history, may result in a shor...
* We have already experienced a -5% to -10% share price decline from last Thursday One week ago today I also warned on banks - writing that the setup into the current reporting period was poor. I argued that at least a -10% drop in the group could...
The consumer continues to de-leverage at an extraordinary pace -- and the ramifications of this are extraordinary.
Why am I even in the name? Basically, for a belief that CEO Charles Scharf is the right leader to turn this bank around.
Plus, a look at the unusual chart pattern of Chegg Inc. and what it may mean.
* The setup into the current reporting period is poor * With bank stocks elevated, in-line to slightly lower reports, relative to consensus expectations, could modestly disappoint traders and investors - particularly if my market concerns pan out * ...
UBS upgrades Wells Fargo from neutral to overweight. Back in early 2020 I suggested that with rising bank prices, analysts would return to a more favorable assessment of the space. I also wrote that the same technical analysts that were bearish on...
This Friday several banks begin the unofficial kickoff of 'earnings season'.
Plus, a preview of the coming Consumer Electronics Show and quick news hits on Micron and Boeing.
There is one standout performer among this portfolio of a dozen stocks that struggled last year, but most haven't moved all that much after just a month.
I am making small sales in , , and now as the magnitude of the spike higher this morning seems a bit extreme. The banks are as close to "forever" holdings for me and I am planning to keep them medium-sized - albeit less than I started the day with!...
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.
Can we trust MU this time? Is it too late to hop on board?
I have eliminated my long (bank/financial ETF) today in keeping with what I wrote 12 days ago: Dec 18, 2020 ' 06:09 PM EST DOUG KASS Taking Off Some From Bank Holdings in the After Hours * The share repurchase news may mark a near-term top in the b...