Wells Fargo & Company (WFC)

45.94
NYSE
Prev Close 46.50
Day Low/High 45.73 / 46.85
52 Wk Low/High 20.76 / 48.13
Exchange NYSE
Shares Outstanding 4106.41B
Market Cap 190.95B
P/E Ratio 77.80
Div & Yield N.A. (N.A)

Some Brief Midday Market Observations

I give the day, thus far, slightly to the bears:  * Flat market breadth as the pivot from growth to value continues. * Limp recovery from Alphabet  , though well up from the day's low, and Amazon -$40 from intraday high print - that got taken to the...

Finally, the Final Four of My 2021 Tax-Loss Selling Recovery Portfolio

Finally, the Final Four of My 2021 Tax-Loss Selling Recovery Portfolio

AER, GIII, SBH, and PSXP make the cut.

My 2021 Tax Loss Selling Recovery Portfolio Takes a Shotgun Approach

My 2021 Tax Loss Selling Recovery Portfolio Takes a Shotgun Approach

The hope is that there are a couple of big winners that will more than offset the losers.

From The Street of Dreams

Morgan Stanley raised Wells Fargo price target to $40 this morning.

Preparing to Whittle Down My Annual Portfolio of Rebound Candidates

Preparing to Whittle Down My Annual Portfolio of Rebound Candidates

The 2021 Tax Loss Selling Recovery Portfolio still has plenty of potential members, but it will be cut to 12 soon enough.

Trades

I was active trading yesterday:  * I took a long rental. * I added to , , , , , , , and longs. * I covered small (still medium-sized), (from large-sized to medium-sized), (still medium-sized) and (still medium-sized) shorts. __________  Long GOOGL (...

Buying These Names Now

* And covering small in individual shorts  DJIA, Nasdaq and S&P, down -900 -350 and -100, respectively. My reaction? I am buying more , , , , , and in the last 30 minutes. I have covered small in (still medium-sized), (from large-sized to medium-siz...

2 Positive Bank Industry Developments From Last Night

* Wells Fargo reportedly is exploring the sale of its asset management arm. This is a good development as Wells Fargo considers shedding non-core businesses. * Citigroup declared its normal dividend distribution of $0.51/share. This, too, is a good ...

I Am Shorting Square

* And placing the stock on my Best Ideas List (short) * Large money centers have spent billions of dollars on technology to compete with Square, Pay Pal, et al. * This morning's JPMorgan announcement of point of sale innovation is meaningful   Witho...

Jim Cramer: Meet the Magnificent Seven

Jim Cramer: Meet the Magnificent Seven

It might be like cold water in the face to think that earnings don't matter. But these stocks have detached themselves from all metrics.

Jim Cramer: Hey Washington, Have a Heart for the Millions in the 'Fourth Lane'

Jim Cramer: Hey Washington, Have a Heart for the Millions in the 'Fourth Lane'

Right now our policy on new stimulus is defaulting to 'to heck with the fourth lane' and all who ride on it. That's a crying shame.

Moved Back to Market Neutral

Here are today's trades:  * I have added to my ($43.83),  ($24.02), and ($24.34) longs on this morning's weakness. * I have added to my ($351.40) and ($295.95) shorts on the early ramp.  As a result of these trades, I have moved to Market Neutral.  ...

A Tale of Two Financials

This morning's EPS results at Wells Fargo ,  a small miss against expectations, and Goldman Sachs , a large beat relative to expectations, illustrates the structural difference in the two institutions. Wells Fargo is a consumer based bank that is hi...

Covid Drug Candidates, Buy Eli Lilly? Large Cap Stocks, Tesla Debt Upgrade

Covid Drug Candidates, Buy Eli Lilly? Large Cap Stocks, Tesla Debt Upgrade

Covid itself, and therapeutics or vaccines associated with taking on the SARS-CoV-2 coronavirus, is under a public microscope.

Jim Cramer: It's Not Just About Stocks, I'm Sticking to What Matters

Jim Cramer: It's Not Just About Stocks, I'm Sticking to What Matters

I don't care for Washington but I have no choice. If I only stick to stocks, I would have buried you.

Has Berkshire Hathaway Nearly Completed its Sale of Wells Fargo?

Watching the poor price action and volume in Wells Fargo trading over the last week - I suspect that Berkshire Hathaway is down to "tag ends".

A Heightened Regime of Volatility Appears Upon Us

* Fasten your seatbelts as today is another day, Scarlett! Thursday's session was wild and volatile.  Last evening was equally volatile - with S&P futures up as much as 20 handles and were down by -23 handles (at 7:05 am).  The S&P is at approximate...

Have Interest in the Banks? I'd Like to Float This Dividend Stock Idea

Have Interest in the Banks? I'd Like to Float This Dividend Stock Idea

Traditionally regional names were a better bet for dividend investors, but let's look at what JPMorgan Chase has to offer.

Adding to 3 Stocks

I am adding to  , upgraded by brokerage,  , also upgraded, and now.    

Stay Cool -- and Prep for Investment Opportunities

* This is not your father's market -- as old rules don't apply   If your trading and investment decisions are based solely on price action (and charts) you should stop reading this column!   Since two Wednesdays ago, I have been looking for a series...

Buy Entry Levels for Banks

Based in part because of the greater confidence I now have in the pivot from growth to value, I am raising my buy entry levels in the four banks I currently own.  Buy Levels Was   Now        $48 $50   $26 $27.50   $95 $100 $25 $26.50

Not a Trade, An Investment!

I just purchased , and for my personal pension plan. In size.

Time For Second Level Thinking?

* I believe so! * More evidence of a possible pivot from growth to value was seen today * I believe that pivot will continue (e.g.,banks should be the beneficiary of that pivot)   First Level Thinking: "The Fed will remain loose for years to come. T...

Long Adds: 1, 2, 3

In terms of my recent individual long additions in the last two weeks - here they are in order of size:  #1 General Motors  - and put on Best Ideas List, long #2 Wells Fargo  - the shares have weathered well Berkshire's selling #3 Bank of America - ...

Jim Cramer: Oil and Bank Stocks Are a Toxic Mix

Jim Cramer: Oil and Bank Stocks Are a Toxic Mix

People continually want to buy these names because they are cheap. But are they really?

Adding to 3 Stocks

I just added to , , and ( in a new account).  

New Buy (and Short) Levels

* My revised levels I don't want there to be any ambiguity about the size of my positions or about my buy and short levels as I strive for as much transparency as possible. "When the time comes to buy, you won't want to." -- Walter Deemer "When the ...

Adding to 2 Banks

I added to Bank of America at $25.67 and Wells Fargo at $24.10.  

Warren Buffett Shows Investors That Nothing Lasts Forever

Warren Buffett Shows Investors That Nothing Lasts Forever

With the $6 billion Japanese deal, Buffett, now 90, hasn't stayed away from venturing outside of America.

Here's a Preview of My 2021 Tax Loss Selling Portfolio

Here's a Preview of My 2021 Tax Loss Selling Portfolio

The idea is to identify those that might ultimately recover in the new year.