Low cost deposits, rising interest rate keeps BoA bullish
The Bank of America (NYSE: BAC), the second largest bank by assets in the US, reported lower than anticipated fiscal 2016 fourth-quarter revenues. However, that did not deter the stock from recording a new 12-month high of $23.41. One of
Read MoreOverbought F5 Networks signals reversal ahead of results
The stock of internet traffic and content management solutions provider F5 Networks Inc. (NASDAQ: FFIV) recorded a yearly high of $148.34 in the second-half of December. This amounts to a gain of 49.3% y-o-y. This is truly spectacular because the
Read MoreCitigroup remains bullish on attractive valuations
The stock of Citigroup Inc (NYSE: C) recorded a 12-month high of $60.91 last week. Several funds, including HGK Asset Management Inc. and Wasatch Advisors Inc, used the ‘Trump’ rally to reduce their holdings. The banking and insurance sector was
Read MoreGeneral Motors turn bullish on expansion plans
The news of a possible fine by the Chinese authorities, on an unnamed US automobile manufacturer for monopolistic attitude, dragged the share price of Detroit-based General Motors Company (NYSE: GM) to a low of $35.80. However, the details presented below
Read MoreSears signals downtrend as hope of turnaround fades
Last week, Sears Holding Corporation (NASDAQ: SHLD), the owner of Sears and Kmart, reported its fifth consecutive quarter of dismal results. The loss widened in the third-quarter, compared with the similar period last year. However, the reported loss was below
Read MoreCiti turns weak on Jefferies downgrade
The impressive fiscal 2016 third-quarter results that topped the analysts’ estimates enabled the banking and finance institution Citigroup Inc (NYSE: C) to rally by $10, or about 20%, to hit a high of $56.72 in the last week. The current
Read MoreIBM turns weak as Australian authorities slap $30M fine
Following the impressive third-quarter results that beat the analysts estimates, last week, the stock of International Business Machines (NYSE: IBM) hit a 12-month high of $164.50 on Monday. Considering the impressive Q3 results, a trader should purchase the stock on
Read MoreBP tops Q3 estimates, aims $7 billion in cost savings
On November 1, the oil and gas company BP Plc (NYSE: BP) reported fiscal 2016 third-quarter results that beat analysts’ estimates by a wide margin. The company had reported a loss in the previous three quarters. Ironically, the stock lost
Read MoreDecline in Q3 revenue turns AMEX weak
Following the report of fiscal 2016 third-quarter results that went past the analysts’ estimates, the share price of American Express Company (NYSE: AXP) rallied to close at $72.42 on Monday. The reaffirmation of fiscal 2017 outlook and the raise in
Read MoreAIG turns bearish on missing Q3 earnings estimates
Anticipating a turnaround in the operations, on October 10, we had suggested purchasing a one touch call option in the stock of American International Group Inc. (NYSE: AIG). We had also advised to select a target price less than $63.
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