Top Analyst Says Red-Hot Bank Rally Overextended: Only 5 to Buy Now
Given the big run in the stocks, the analysts look to be favoring companies that also have a strong capital markets business. These five that are still rated Buy at Deutsche Bank.
Given the big run in the stocks, the analysts look to be favoring companies that also have a strong capital markets business. These five that are still rated Buy at Deutsche Bank.
The rally in most of the major banks stocks since the November 8, 2016 presidential election has been almost unprecedented. If a rally has taken place this fast it would only be…
December 8, 2016: Markets opened higher again Thursday after another record-setting day in U.S. markets. Financial and basic materials stocks are trading highest among the 11 S&P sectors while industrials and consumer…
December 6, 2016: Markets opened slightly higher Tuesday and the three major indexes moved within a fairly narrow range. Crude prices dropped back a little and now traders are trying to position…
The Dow Jones Industrial Average is up a staggering 1,200 points plus since the election, and the thing many don’t realize is that just three stocks have accounted for over half of…
December 5, 2016: Markets opened higher Monday but spend most of the day drifting lower with the blue chips sliding the most. The consumer discretionary, tech, and energy sectors performed best Monday…
Donald Trump says he will punish American companies that move or keep money overseas. Can companies that have CEOs with ties to his administration avoid the problem?
December 2, 2016: Markets opened mixed Friday as the blue chips that have been rising steadily showed some weakness. Among S&P’s 11 sectors, real-estate posted the largest gain and financials posted the…
December 1, 2016: Markets opened higher again Thursday as oil prices started the day trading higher after gaining more than 9% on Wednesday. The financials, industrials, and energy sectors traded higher for…
November 30 2016: Markets opened higher again Wednesday as oil prices started the day trading up on expectations that OPEC would reach an agreement on cutting back oil production. The EIA’s inventory…
The top analyst upgrades, downgrades and initiations seen on Wednesday morning include Arrowhead Pharmaceuticals, Cognizant Technology Solutions, Goldman Sachs, HP, Splunk and UnitedHealth.
November 29, 2016: Markets opened higher Tuesday following the Commerce Department’s second estimate of third quarter GDP growth of 3.2%. The Conference Board’s consumer confidence index has returned to pre-recession levels. Tuesday’s…
If there is one brokerage research firm that can turn the heads of all investors at once it would have to be Goldman Sachs Group Inc. (NYSE: GS). After all, Goldman Sachs…
With the third-quarter earnings parade over, many of the windows prohibiting insider trades are opening back up, and the positive markets and extreme liquidity made the timing perfect for those selling.
November 17, 2016: Markets opened higher Thursday and the Nasdaq Composite appears to be gaining back even more of the ground it lost last week as tech stocks dropped following the election.…