This morning Citibank’s bank analyst Keith Horowitz downgraded his rating on Goldman Sachs (GS) from Neutral to Sell slapping a $225 price target on the stock, per CNBC.com: “We view the banks as trading stocks …
Continue readingCNBC
On Friday’s Options Action on CNBC we discussed the out-performance in bank stocks since the presidential election in early November, and the possibilities for a pullback in bank stocks following Q4 earnings results and Q1 …
Continue reading
This morning Citibank upgraded shares of Verizon (VZ) to a Buy from a Hold, via CNBC.com: “Since the election, we have become more optimistic on the prospects for tax reform and have been able to better …
Continue reading
A few weeks ago I had the following to say about Wells Fargo, and the stock’s post election bounce which seemed to be discounting any further fall-out from their fake account scandal: In the wake …
Continue reading
In the wake of the Wells Fargo’s (WFC) fraudulent account scandal, the company’s new (kind of old) President & CEO Tom Sloan issued a statement on their retail banking operations “as part of our ongoing …
Continue reading
In the lead up to Tuesday’s election, I am trying to recall if I heard or read a market participant or pundit who accurately predicted a stock market rally in the event of a Trump victory. I …
Continue reading
Last night on CNBC’s Fast Money we discussed the Nasdaq 100 (NDX) closing at a new all time highs. The new highs were powered by tech behemoths of all ages. Microsoft (MSFT), Alphabet (GOOGL) and Facebook …
Continue reading
Three weeks ago we made the case that before this market rally is all said and done, there is a very strong likelihood that shares of Microsoft (MSFT) will make a new all time high: …
Continue reading
It’s been my view for some time that on top of the very large list of risks to a fragile U.S. economic recovery (and increasingly vulnerable global financial markets) is the election of Donald Trump to be …
Continue reading
Event: Citigroup (C) is scheduled to report its Q3 results Friday before the open. The options market is implying about a 3% one day move in either direction, which is a tad higher than the …
Continue reading