By Tim - http://stockstobuy.org
Shares of Citigroup Inc (NYSE:C) have been added to the conviction buy list at Goldman Sachs. Citigroup Inc stock is trading up $0.10 to $4.21 in early trading. Citigroup will have resistance located at $4.30 but then nothing major until $4.55-$4.70. Citigroup remains a solid long term buy below $4.00.
Citigroup has a current price target at Goldman located at $5.50.
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Showing posts with label citigroup c. Show all posts
Showing posts with label citigroup c. Show all posts
Monday, October 25, 2010
Friday, August 14, 2009
Citigroup ( C ) Stock Upgraded to Buy - 8/14/09
August 14, 2009 - Shares of Citigroup Inc (C:NYSE) are spiking above $4.20 in pre market this morning after Bank of America/Merrill is upgrading shares from Underperform to Buy.
Citigroup shares have been on fire lately due to improving stock market conditions as well as huge index buying. There is major resistance located in the $4.40's with the 200 day moving average located at $4.49. A close over the 200 day moving average would be big and a run toward $5 would occur.
If Citigroup closes over $5, I believe you would see additional heavy buying as Mutual Funds get back in due to the stock being over $5 again. Some funds even wait until $5.50-$6.
Keep an eye on this situation!
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Citigroup shares have been on fire lately due to improving stock market conditions as well as huge index buying. There is major resistance located in the $4.40's with the 200 day moving average located at $4.49. A close over the 200 day moving average would be big and a run toward $5 would occur.
If Citigroup closes over $5, I believe you would see additional heavy buying as Mutual Funds get back in due to the stock being over $5 again. Some funds even wait until $5.50-$6.
Keep an eye on this situation!
Today's Biggest Stock Market Gainers - Top 2009 Stock Gainers - Top 2009 Penny Stocks - Hot OTC Stocks
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Thursday, May 7, 2009
Bank Stocks May 7, 2009 5/7/09 - BAC
The financial stocks are exploding to the upside today as we await the actual results from the stress tests after the bell today. Just look at some of these gains in pre market today. It looks like a massive short squeeze to me! Wal Mart ( WMT ) reported better then expected same store sales which is adding fuel to the fire as well.
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Bank Stocks - 5/7/09
Citigroup, Inc. (C) - $4.32 Up 11.92%
Bank of America Corporation (BAC) - $14.53 Up 14.50%
Direxion Financial Bull 3X Shares (FAS) - $12.71 Up 11.22%
Wells Fargo & Company (WFC) - $28.23 Up 5.18%
American International Group, Inc. (AIG) - $2.09 Up 13.59%
Fannie Mae (FNM) - $0.96 Up 7.87%
Freddie Mac (FRE) - $1.05 Up 11.70%
Huntington Bancshares Inc. (HBAN) - $3.95 Up 14.49%
Fifth Third Bancorp (FITB) - $6.41 Up 21.45%
General Electric Co. (GE) - $14.31 Up 4.68%
General Motors Corporation (GM) - $1.75 Up 5.42%
Capital One Financial Corp. (COF) - $26.68 Up 19.43%
Direxion Financial Bear 3X Shares (FAZ) - $4.66 Down 11.07%
UltraShort Financials ProShares (SKF) - $39.67 Down 7.74
Check out my report on March 10th, 2009
Today's Biggest Stock Market Gainers - Top 2009 Stock Gainers - Top 2009 Penny Stocks
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Bank Stocks - 5/7/09
Citigroup, Inc. (C) - $4.32 Up 11.92%
Bank of America Corporation (BAC) - $14.53 Up 14.50%
Direxion Financial Bull 3X Shares (FAS) - $12.71 Up 11.22%
Wells Fargo & Company (WFC) - $28.23 Up 5.18%
American International Group, Inc. (AIG) - $2.09 Up 13.59%
Fannie Mae (FNM) - $0.96 Up 7.87%
Freddie Mac (FRE) - $1.05 Up 11.70%
Huntington Bancshares Inc. (HBAN) - $3.95 Up 14.49%
Fifth Third Bancorp (FITB) - $6.41 Up 21.45%
General Electric Co. (GE) - $14.31 Up 4.68%
General Motors Corporation (GM) - $1.75 Up 5.42%
Capital One Financial Corp. (COF) - $26.68 Up 19.43%
Direxion Financial Bear 3X Shares (FAZ) - $4.66 Down 11.07%
UltraShort Financials ProShares (SKF) - $39.67 Down 7.74
Check out my report on March 10th, 2009
Today's Biggest Stock Market Gainers - Top 2009 Stock Gainers - Top 2009 Penny Stocks
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Monday, April 6, 2009
Stocks to Buy April 7, 2009 4/7/09
Monday, during regular trading hours, there were many stocks that continued to break out to the upside. Below is a list of stocks that are worth watching for April 7, 2009. Also, check out the Biggest Stock Gainers of the Day. You can also find previous stocks to buy reports - Right Here
Stocks to Watch - 4/7/09 - Stock Market Ideas
General Growth Properties, Inc ( GGP ) - GGP was a rocket stock on Monday. I bought this stock around 12:15pm at $0.938 and thought I sold it at $0.98. Thirty minutes later I checked my account and it turns out I only sold half.....I then sold the other half at $1.25. I make the most money when I find things in my portfolio I didn't sell lol. Anyway, this stock is breaking out on massive volume. As soon as it broke $1.00 it took off! $1.00 is now support. The volume in the first 2 1/2 hours was 10 million. The next two hours, GGP traded another 22 million shares. I will be watching this stock again tomorrow. Read this story before you start trading GGP.
TXCO Resources Inc. ( TXCO ) - TXCO is a stock worth watching as well. After bouncing off the 10 day moving average on Friday, TXCO is now breaking out. I will most likely wait for tomorrow and if TXCO breaks up through today's high of $0.75, I will jump in for a trade. I will also use a stop at $0.70. TXCO could be on its way back to the 50 day moving average at $1.04 as of Monday. I like this little natural gas company because they has a nice position in the Eagleford Shale in South Texas. If Natural Gas ever comes back, the EagleFord Shale is a hot spot!
MGM MIRAGE ( MGM ) - MGM Mirage Weighs Sale of Detroit, Gulf Casinos - MGM has really gone up over the past several trading sessions so i'd be careful here. Support is now at $6 and if enough buyers step into MGM stock, the upside could be around $8.00.
Dendreon Corporation ( DNDN ) - Dendreon shares continue to rise ahead of conference - I have been watch DNDN all day and noticed it is having a hard time getting back above $7. If we open above $7 Tuesday, Dendreon could be subject to another upside move. I haven't traded this yet however. Waiting for a dip!
Financials: I am also watching the following financials on Tuesday, one day after the Mike Mayo report caused a sell-off.
Citigroup ( C ) - Needs to stay above $2.72 - 10 day moving average
Bank of America ( BAC ) - BAC stock needs to stay above $7.20 - 10 day moving average
Financial Bull ( FAS ) - Needs to stay above $6.47 - 50 day moving average
Financial Bear ( FAZ ) - A break above $17.24 would be bullish!!
Other Stocks on my Radar for Tuesday - Includes Penny Stocks
Applied Energetics, Inc. ( AERG )
Satyam Computer Services Limited ( SAY )
Ford Motor Company ( F )
Orsus Xelent Technologies Inc. ( ORS )
Meruelo Maddux Properties, Inc ( MMPI )
Anthracite Capital Inc ( AHR )
Riviera Holdings Corp. ( RIV )
Denison Mine ( DNN )
Unisys Corporation ( UIS )
Oilsands Quest Inc. ( BQI )
Infineon Technologies AG ( IFX )
Bank of Ireland ( IRE )
Zale Corporation ( ZLC )
Boyd Gaming Corporation ( BYD )
Las Vegas Sands Corp. ( LVS )
Cell Therapeutics ( CTIC ) - Hanging on to $0.40
MF Global Ltd. ( MF )
AMR Corporation ( AMR )
Spansion Inc. ( SPSN )
Today's Biggest Stock Market Gainers - Top 2009 Stock Gainers - Top 2009 Penny Stocks
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Stocks to Watch - 4/7/09 - Stock Market Ideas
General Growth Properties, Inc ( GGP ) - GGP was a rocket stock on Monday. I bought this stock around 12:15pm at $0.938 and thought I sold it at $0.98. Thirty minutes later I checked my account and it turns out I only sold half.....I then sold the other half at $1.25. I make the most money when I find things in my portfolio I didn't sell lol. Anyway, this stock is breaking out on massive volume. As soon as it broke $1.00 it took off! $1.00 is now support. The volume in the first 2 1/2 hours was 10 million. The next two hours, GGP traded another 22 million shares. I will be watching this stock again tomorrow. Read this story before you start trading GGP.
TXCO Resources Inc. ( TXCO ) - TXCO is a stock worth watching as well. After bouncing off the 10 day moving average on Friday, TXCO is now breaking out. I will most likely wait for tomorrow and if TXCO breaks up through today's high of $0.75, I will jump in for a trade. I will also use a stop at $0.70. TXCO could be on its way back to the 50 day moving average at $1.04 as of Monday. I like this little natural gas company because they has a nice position in the Eagleford Shale in South Texas. If Natural Gas ever comes back, the EagleFord Shale is a hot spot!
MGM MIRAGE ( MGM ) - MGM Mirage Weighs Sale of Detroit, Gulf Casinos - MGM has really gone up over the past several trading sessions so i'd be careful here. Support is now at $6 and if enough buyers step into MGM stock, the upside could be around $8.00.
Dendreon Corporation ( DNDN ) - Dendreon shares continue to rise ahead of conference - I have been watch DNDN all day and noticed it is having a hard time getting back above $7. If we open above $7 Tuesday, Dendreon could be subject to another upside move. I haven't traded this yet however. Waiting for a dip!
Financials: I am also watching the following financials on Tuesday, one day after the Mike Mayo report caused a sell-off.
Citigroup ( C ) - Needs to stay above $2.72 - 10 day moving average
Bank of America ( BAC ) - BAC stock needs to stay above $7.20 - 10 day moving average
Financial Bull ( FAS ) - Needs to stay above $6.47 - 50 day moving average
Financial Bear ( FAZ ) - A break above $17.24 would be bullish!!
Other Stocks on my Radar for Tuesday - Includes Penny Stocks
Applied Energetics, Inc. ( AERG )
Satyam Computer Services Limited ( SAY )
Ford Motor Company ( F )
Orsus Xelent Technologies Inc. ( ORS )
Meruelo Maddux Properties, Inc ( MMPI )
Anthracite Capital Inc ( AHR )
Riviera Holdings Corp. ( RIV )
Denison Mine ( DNN )
Unisys Corporation ( UIS )
Oilsands Quest Inc. ( BQI )
Infineon Technologies AG ( IFX )
Bank of Ireland ( IRE )
Zale Corporation ( ZLC )
Boyd Gaming Corporation ( BYD )
Las Vegas Sands Corp. ( LVS )
Cell Therapeutics ( CTIC ) - Hanging on to $0.40
MF Global Ltd. ( MF )
AMR Corporation ( AMR )
Spansion Inc. ( SPSN )
Today's Biggest Stock Market Gainers - Top 2009 Stock Gainers - Top 2009 Penny Stocks
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Friday, April 3, 2009
Stocks to Buy April 6, 2009 4/6/09
Friday, during regular trading hours, there were many stocks that continued to break out to the upside. Below is a list of stocks that are worth watching for April 6, 2009. Also, check out the Biggest Stock Gainers of the Day. You can also find previous stocks to buy reports - Right Here
Stocks to Watch - 4/6/09 - Stock Market Ideas
Research in Motion ( RIMM ) - RIMM reported outstanding earnings and guidance and was up 20% Friday. You just have to think RIMM will have more upside on Monday. Given size and volume of this move, all pullbacks will be heavily bought.
Google ( GOOG ) - Rumors are circulating that Google might want to buy Twitter. This would be huge and probably make Google stock go higher. Twitter is the best thing the Internet has seen since YouTube, Myspace, and Facebook. Twitter is rapidly growing and I think will be one of the hottest Internet properties in 5 years.
Dendreon ( DNDN ) - I noticed DNDN stock surging on Friday, something is definitely going on with that stocks, not sure if news leaked or what. Here is how I see it: Positive trial results would take DNDN to $10-$15, FDA Approval of Provenge would take DNDN to $30-$40, Failure would take DNDN to $1-$2. - CNBC is reporting DNDN received " Late Breaking Status " for Provenge, whatever that means!
Visa ( V ) - Finally breaking over $58 and testing 200 day moving average.
Chesapeake Energy ( CHK ) - Surging through key resistance of $20, I will now be buying pullbacks to the 50 day moving average.
Financials: Bank of America is paying back some of the TARP, this caused some of the key financials to jump right around 2pm est on Friday.
Bank of America ( BAC )
Citigroup ( C )
Wells Fargo ( WFC )
Financial Bull 3X ( FAS ) - Above the 50 day moving average - very nice!
Other Stocks on my Radar for Monday - Includes Penny Stocks
Zale Corporation (ZLC)
Delta Petroleum Corp. (DPTR)
Financial Bear 3X ( FAZ )
UltraShort QQQ ProShares (QID)
Cosan Ltd. (CZZ) - Big Breakout on Heavy Volume
Century Aluminum Co. (CENX)
Converted Organics Inc (COIN)
CapitalSource Inc. (CSE)
Kimco Realty Corporation (KIM)
MGM Mirage (MGM)
TXCO Resources, Inc. (TXCO)
Cubist Pharmaceuticals Inc. (CBST)
International Game Technology (IGT)
Cell Therapeutics (CTIC) - Yes I know, CTIC again, I can't stop watching this one due to its big moves! A penny stock with big volume!
Today's Biggest Stock Market Gainers - Top 2009 Stock Gainers - Top 2009 Penny Stocks
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Stocks to Watch - 4/6/09 - Stock Market Ideas
Research in Motion ( RIMM ) - RIMM reported outstanding earnings and guidance and was up 20% Friday. You just have to think RIMM will have more upside on Monday. Given size and volume of this move, all pullbacks will be heavily bought.
Google ( GOOG ) - Rumors are circulating that Google might want to buy Twitter. This would be huge and probably make Google stock go higher. Twitter is the best thing the Internet has seen since YouTube, Myspace, and Facebook. Twitter is rapidly growing and I think will be one of the hottest Internet properties in 5 years.
Dendreon ( DNDN ) - I noticed DNDN stock surging on Friday, something is definitely going on with that stocks, not sure if news leaked or what. Here is how I see it: Positive trial results would take DNDN to $10-$15, FDA Approval of Provenge would take DNDN to $30-$40, Failure would take DNDN to $1-$2. - CNBC is reporting DNDN received " Late Breaking Status " for Provenge, whatever that means!
Visa ( V ) - Finally breaking over $58 and testing 200 day moving average.
Chesapeake Energy ( CHK ) - Surging through key resistance of $20, I will now be buying pullbacks to the 50 day moving average.
Financials: Bank of America is paying back some of the TARP, this caused some of the key financials to jump right around 2pm est on Friday.
Bank of America ( BAC )
Citigroup ( C )
Wells Fargo ( WFC )
Financial Bull 3X ( FAS ) - Above the 50 day moving average - very nice!
Other Stocks on my Radar for Monday - Includes Penny Stocks
Zale Corporation (ZLC)
Delta Petroleum Corp. (DPTR)
Financial Bear 3X ( FAZ )
UltraShort QQQ ProShares (QID)
Cosan Ltd. (CZZ) - Big Breakout on Heavy Volume
Century Aluminum Co. (CENX)
Converted Organics Inc (COIN)
CapitalSource Inc. (CSE)
Kimco Realty Corporation (KIM)
MGM Mirage (MGM)
TXCO Resources, Inc. (TXCO)
Cubist Pharmaceuticals Inc. (CBST)
International Game Technology (IGT)
Cell Therapeutics (CTIC) - Yes I know, CTIC again, I can't stop watching this one due to its big moves! A penny stock with big volume!
Today's Biggest Stock Market Gainers - Top 2009 Stock Gainers - Top 2009 Penny Stocks
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Thursday, March 19, 2009
Biggest Stock Gainers 3/19/09 March 19, 2009
Today, March 19, 2009, there are several stock gainers that are breaking out with some nice momentum. If you are looking to day trade today, you might want to check out the following stocks. Check out today's biggest gainers and the Top Stocks for 2009. You can find yesterday's Top Gainers Report Right Here
Hot Stocks 3/19/09 - Biggest Gainers Today
DryShips ( DRYS ) - $5.36 Up 28.54% - Drys in a deal with Petrobras
Stone Energy ( SGY ) - $3.42 Up 22% - No news, up with the energy sector
US Steel ( X ) - $21.75 Up 13.46% - US Steel up as CNBC Fast Money traders think the steel stocks could finally have capitulated and bottomed.
Medicis Pharmaceutical ( MRX ) - $12.13% Up 25.70% - Medicis resolves acne drug patent suit with Teva
Rex Energy ( REXX ) - $2.71 Up 17.32% - No News on REXX but has a big position in the Marcellus Shale natural gas field
Today's Biggest Stock Market Gainers - Top 2009 Stock Gainers - Top 2009 Penny Stocks
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Hot Stocks 3/19/09 - Biggest Gainers Today
DryShips ( DRYS ) - $5.36 Up 28.54% - Drys in a deal with Petrobras
Stone Energy ( SGY ) - $3.42 Up 22% - No news, up with the energy sector
US Steel ( X ) - $21.75 Up 13.46% - US Steel up as CNBC Fast Money traders think the steel stocks could finally have capitulated and bottomed.
Medicis Pharmaceutical ( MRX ) - $12.13% Up 25.70% - Medicis resolves acne drug patent suit with Teva
Rex Energy ( REXX ) - $2.71 Up 17.32% - No News on REXX but has a big position in the Marcellus Shale natural gas field
Today's Biggest Stock Market Gainers - Top 2009 Stock Gainers - Top 2009 Penny Stocks
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Wednesday, March 18, 2009
Biggest Stock Gainers 3/18/09 March 18, 2009
Today, March 18, 2009, there are several stock gainers that are breaking out with some nice momentum. If you are looking to day trade today, you might want to check out the following stocks. Check out today's biggest gainers and the Top Stocks for 2009. You can find yesterday's Top Gainers Report Right Here
Hot Stocks 3/18/09 - Biggest Gainers Today
Citigroup ( C ) - $3.15 Up 26% - Citi spiking to $3.34 this morning, it looks like shorts are beginning to capitulate and panic buying is setting in. This makes April 17th earnings release even more anticipated!
Origin Agritech Limited ( SEED ) - $3.08 Up 24.19% - SEED schedules earnings call
Darden Restaurants Inc. (DRI) - $35.00 Up 17.06% - Darden Q3 net income, revenue declines
AAR ( AIR ) - $12.75 Up 13.73% - AAR reports flat 3Q profit as aircraft sales drop
Today's Biggest Stock Market Gainers - Top 2009 Stock Gainers - Top 2009 Penny Stocks
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Hot Stocks 3/18/09 - Biggest Gainers Today
Citigroup ( C ) - $3.15 Up 26% - Citi spiking to $3.34 this morning, it looks like shorts are beginning to capitulate and panic buying is setting in. This makes April 17th earnings release even more anticipated!
Origin Agritech Limited ( SEED ) - $3.08 Up 24.19% - SEED schedules earnings call
Darden Restaurants Inc. (DRI) - $35.00 Up 17.06% - Darden Q3 net income, revenue declines
AAR ( AIR ) - $12.75 Up 13.73% - AAR reports flat 3Q profit as aircraft sales drop
Today's Biggest Stock Market Gainers - Top 2009 Stock Gainers - Top 2009 Penny Stocks
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Stocks - Most Actives 3/18/09 March 18, 2009
The following stocks are set up to be the most active stocks today. Keep in mind, this afternoon we have the Fed statement that could move the market.
Most Active Stocks - March 18, 2009 - Pre Market Stock Quotes
Sun Microsystems Inc. (JAVA) - $8.10 Up 63% - IBM looking to buy Sun Micro for 6.8 Billion - Report
Citigroup ( C ) - $2.60 Up 3.56% - Citi approaching the previous high of $2.68, a close above this could send the stock a lot higher!
SPDRs (SPY) - $78.00 Down 0.23% - S&P 500 has been hot lately, has major resistance at the 800 level.
PowerShares QQQ (QQQQ) - $29.34 Up 0.03% - The QQQQ is starting to hit resistance of around $30-$31 - This stock has made a $4 move in two weeks.
American International Group ( AIG ) - $0.96 Flat - CEO Ed Liddy will be on the hot seat today in Washington about the recent bonuses.
Fiancial Bull 3X ( FAS ) - $5.59 Down 0.43% - FAS has support around $5.00 and $4.59 - Resistance at $6.00
Intel Corporation ( INTC ) - $15.17 Up 1.81% - Intel is up due to the above IBM news
Financial Bear 3X ( FAZ ) - $36.09 Up 1.40% - FAZ tanked yesterday as the market spiked in the final hour. Futures are down this morning so FAZ is up.
Bank of America ( BAC ) - $6.41 Up 2.23% - BAC has resistance at $6.98....support around $5.80
Today's Biggest Stock Market Gainers - Top 2009 Stock Gainers - Top 2009 Penny Stocks - Baltic Dry Index
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Most Active Stocks - March 18, 2009 - Pre Market Stock Quotes
Sun Microsystems Inc. (JAVA) - $8.10 Up 63% - IBM looking to buy Sun Micro for 6.8 Billion - Report
Citigroup ( C ) - $2.60 Up 3.56% - Citi approaching the previous high of $2.68, a close above this could send the stock a lot higher!
SPDRs (SPY) - $78.00 Down 0.23% - S&P 500 has been hot lately, has major resistance at the 800 level.
PowerShares QQQ (QQQQ) - $29.34 Up 0.03% - The QQQQ is starting to hit resistance of around $30-$31 - This stock has made a $4 move in two weeks.
American International Group ( AIG ) - $0.96 Flat - CEO Ed Liddy will be on the hot seat today in Washington about the recent bonuses.
Fiancial Bull 3X ( FAS ) - $5.59 Down 0.43% - FAS has support around $5.00 and $4.59 - Resistance at $6.00
Intel Corporation ( INTC ) - $15.17 Up 1.81% - Intel is up due to the above IBM news
Financial Bear 3X ( FAZ ) - $36.09 Up 1.40% - FAZ tanked yesterday as the market spiked in the final hour. Futures are down this morning so FAZ is up.
Bank of America ( BAC ) - $6.41 Up 2.23% - BAC has resistance at $6.98....support around $5.80
Today's Biggest Stock Market Gainers - Top 2009 Stock Gainers - Top 2009 Penny Stocks - Baltic Dry Index
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Tuesday, March 17, 2009
FSLR RIMM USO Analysis 3/17/09 - March 17, 2009
I updated the following technical anlaysis stock charts at http://blackberrystocks.com/charts.html
Technical Analysis Updates: March 17, 2009
Research in Motion - RIMM
First Solar - FSLR
Baidu.com - BIDU
Chesapeake Energy - CHK
Citigroup - C
Google - GOOG
United States Oil Fund - USO
For the latest updates on the stock market, visit, http://daytradingstockblog.blogspot.com/ or Subscribe for Free
Technical Analysis Updates: March 17, 2009
Research in Motion - RIMM
First Solar - FSLR
Baidu.com - BIDU
Chesapeake Energy - CHK
Citigroup - C
Google - GOOG
United States Oil Fund - USO
For the latest updates on the stock market, visit, http://daytradingstockblog.blogspot.com/ or Subscribe for Free
Bank Stocks 3/17/09 March 17, 2009 - AIG
Today, 3/17/09, the bank stocks are slightly higher after yesterdays late day sell off.
Banking Stock News Update - March 17, 2009 - Pre Market Trading
American International Group ( AIG ) - $0.86 Up 3.81% - Obama promises to fight AIG's $165M bonuses - The White House also modified the terms of a pending bailout to the company to try to recoup the money the bonuses represent. AIG has even more bonuses in the pipeline for 2009 according to (D, MD ) Elijah Cummings on a Cnbc interview this morning.
Citigroup ( C ) - $2.38 Up 2.15% - Citi was on fire yesterday hitting a high of $2.68 at one point. Citigroup's board nominates four new directors. Conflict Between What Citigroup's Pandit Reported And Earned.
Bank of America ( BAC ) - $6.19 Up 0.19% - Ex-Houston banker, son battle Bank of America
Jp Morgan ( JPM ) - $23.64 Up 2.38% - JP Morgan Hires Panandiker, Zhang For Asian Private-Equity Arm
Financial Bull 3X ( FAS ) - $4.90 Up 0.63%
Financial Bear 3x ( FAZ ) - $42.37 Down 0.62%
Today's Biggest Stock Market Gainers - Top 2009 Stock Gainers - Top 2009 Penny Stocks
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Banking Stock News Update - March 17, 2009 - Pre Market Trading
American International Group ( AIG ) - $0.86 Up 3.81% - Obama promises to fight AIG's $165M bonuses - The White House also modified the terms of a pending bailout to the company to try to recoup the money the bonuses represent. AIG has even more bonuses in the pipeline for 2009 according to (D, MD ) Elijah Cummings on a Cnbc interview this morning.
Citigroup ( C ) - $2.38 Up 2.15% - Citi was on fire yesterday hitting a high of $2.68 at one point. Citigroup's board nominates four new directors. Conflict Between What Citigroup's Pandit Reported And Earned.
Bank of America ( BAC ) - $6.19 Up 0.19% - Ex-Houston banker, son battle Bank of America
Jp Morgan ( JPM ) - $23.64 Up 2.38% - JP Morgan Hires Panandiker, Zhang For Asian Private-Equity Arm
Financial Bull 3X ( FAS ) - $4.90 Up 0.63%
Financial Bear 3x ( FAZ ) - $42.37 Down 0.62%
Today's Biggest Stock Market Gainers - Top 2009 Stock Gainers - Top 2009 Penny Stocks
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Monday, March 16, 2009
Bank Stocks 3/16/09 March 16, 2009 - BCS
Today, 3/16/09, the bank stocks are higher again after positive news out of Barclays ( BCS )
Banking Stock Update - March 16, 2009 - Pre Market Trading
Barclays ( BCS ) - $5.04 Up 14% - Barclays has strong start to '09, may sell iShares. Barclays says it made a 'strong start' to year, confirms talks to sell asset iShares unit
Citigroup ( C ) - $1.93 Up 8.43% - Stocks Under $10: Avoid Citigroup
Bank of America ( BAC ) - $6.26 Up 8.68% - Bernanke says recession could end in 2009 - Bernanke: Recession 'probably' will end this year if government stabilizes banking system
American International Group ( AIG ) - $0.57 up 14.00% - AIG handed over $100 billion to major banks, states - Cash was used to cover collateral payments, wind-down derivative contracts.
Financial Bull 3X ( FAS ) - $5.57 Up 8.16%
Financial Bear 3X ( FAZ ) - $38.05 Down 5.35%
Today's Biggest Stock Market Gainers - Top 2009 Stock Gainers - Top 2009 Penny Stocks
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Banking Stock Update - March 16, 2009 - Pre Market Trading
Barclays ( BCS ) - $5.04 Up 14% - Barclays has strong start to '09, may sell iShares. Barclays says it made a 'strong start' to year, confirms talks to sell asset iShares unit
Citigroup ( C ) - $1.93 Up 8.43% - Stocks Under $10: Avoid Citigroup
Bank of America ( BAC ) - $6.26 Up 8.68% - Bernanke says recession could end in 2009 - Bernanke: Recession 'probably' will end this year if government stabilizes banking system
American International Group ( AIG ) - $0.57 up 14.00% - AIG handed over $100 billion to major banks, states - Cash was used to cover collateral payments, wind-down derivative contracts.
Financial Bull 3X ( FAS ) - $5.57 Up 8.16%
Financial Bear 3X ( FAZ ) - $38.05 Down 5.35%
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Friday, March 13, 2009
Bank Stocks 3/13/09 March 13, 2009 - FAS
Today, 3/13/09, the bank stocks are higher again after more positive news out of Citigroup. I am a little concerned about the comments coming out of China today about our Treasuries.
Banking Stock Update - March 13, 2009 - Opening Stock Prices
Citigroup ( C ) - $1.90 Up 13.77% - Citigroup says no more capital needed from Government.
Bank of America ( BAC ) - $6.22 Up 6.32% - B of A's Lewis: Economic crisis 'far from over'
Financial Bull 3X ( FAS ) - $5.37 Up 6.34% - FAS is flying as the financial rip higher - FAZ continues to fall, $39, down from $110.
Fifth Third ( FITB ) and Huntington ( HBAN ) are also surging today.
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Banking Stock Update - March 13, 2009 - Opening Stock Prices
Citigroup ( C ) - $1.90 Up 13.77% - Citigroup says no more capital needed from Government.
Bank of America ( BAC ) - $6.22 Up 6.32% - B of A's Lewis: Economic crisis 'far from over'
Financial Bull 3X ( FAS ) - $5.37 Up 6.34% - FAS is flying as the financial rip higher - FAZ continues to fall, $39, down from $110.
Fifth Third ( FITB ) and Huntington ( HBAN ) are also surging today.
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Thursday, March 12, 2009
Bank Stocks 3/12/09 March 12, 2009 - Citigroup
Today, 3/12/09, the bank stocks are mixed as world markets fell big last night but economic data released this morning was positive. There is also hopes that today's mark to market meeting will suspend the rule.
Banking Stock Update - March 12, 2009 - Opening Stock Prices
Citigroup ( C ) - $1.54 Flat - Citigroup Executives Score $2.2 Million Betting on Own Stock
Bank of America ( BAC ) - $5.02 Up 1.83% - BofA now country’s biggest bank
Wells Fargo ( WFC ) - $12.00 Up 1%
General Electric ( GE ) - 8.90 Up 5% - Rating cut by AA+
Financial Bull 3X ( FAS ) - $4.02 Flat
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Banking Stock Update - March 12, 2009 - Opening Stock Prices
Citigroup ( C ) - $1.54 Flat - Citigroup Executives Score $2.2 Million Betting on Own Stock
Bank of America ( BAC ) - $5.02 Up 1.83% - BofA now country’s biggest bank
Wells Fargo ( WFC ) - $12.00 Up 1%
General Electric ( GE ) - 8.90 Up 5% - Rating cut by AA+
Financial Bull 3X ( FAS ) - $4.02 Flat
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Wednesday, March 11, 2009
Bank Stocks 3/11/09 March 11, 2009 - BAC
Today, 3/11/09, the bank stocks are higher after Citigroup's ( C ) CEO Vikram Pandit came out and said that Citi is profitable through February. The Stock Market rallied huge yesterday after this news!
Banking Stock Update - March 11, 2009 - Pre Market
Citigroup ( C ) - $1.57 Up 8.28% - In the letter sent Monday, CEO Vikram Pandit said Citi had an operating profit of $8.3 billion before taxes and special items through February. Pandit said the first-quarter performance so far has been the bank's best since the last time it recorded net income for a full quarter -- that was in the July-September period in 2007.
Bank of America ( BAC ) - $5.30 Up 5.65% - Bank of America continues to go higher on the citi news. Also, Jim Cramer was out on Mad Money stating that one of his technicians said BAC stock could go back into the teens.
Wells Fargo ( WFC ) - $12.47 Up 5.56% - WFC stock up another 5%, Warren Buffett loves this stock.
General Electric ( GE ) - 9.13 Up 3%
Financial Bull 3X ( FAS ) - $4.02 Up 7.77%
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Banking Stock Update - March 11, 2009 - Pre Market
Citigroup ( C ) - $1.57 Up 8.28% - In the letter sent Monday, CEO Vikram Pandit said Citi had an operating profit of $8.3 billion before taxes and special items through February. Pandit said the first-quarter performance so far has been the bank's best since the last time it recorded net income for a full quarter -- that was in the July-September period in 2007.
Bank of America ( BAC ) - $5.30 Up 5.65% - Bank of America continues to go higher on the citi news. Also, Jim Cramer was out on Mad Money stating that one of his technicians said BAC stock could go back into the teens.
Wells Fargo ( WFC ) - $12.47 Up 5.56% - WFC stock up another 5%, Warren Buffett loves this stock.
General Electric ( GE ) - 9.13 Up 3%
Financial Bull 3X ( FAS ) - $4.02 Up 7.77%
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Tuesday, March 10, 2009
Jim Cramer JP Morgan JPM 3/10/09 - March 10, 2009
Jim Cramer of CNBC said during his Stop Trading segment that you have to see Jp Morgan ( JPM ) go into the $20's before you can declare a " stock market bottom" for 2009 and declare today's rally more then a bear market bounce. Keep an eye on JPM stock as we trade over the next several weeks.
Keep in mind, Jim Cramer was not bullish over the past week when his friend Doug Kass made bottom statements for the S&P 500. The Doug Kass bottom is actually 693 on the S&P 500 which we broke but are now trading over 710 today on the Citigroup ( C ) news. Although, Cramer notes that the uptick rule would make him bullish.
"The Chinese stimulus plan changes spending habits as they are basically giving you money to spend. Check out FXI stock. if you like China. "
Fertilizer Stock Plays - " I like TNH because of dividend play. "
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Keep in mind, Jim Cramer was not bullish over the past week when his friend Doug Kass made bottom statements for the S&P 500. The Doug Kass bottom is actually 693 on the S&P 500 which we broke but are now trading over 710 today on the Citigroup ( C ) news. Although, Cramer notes that the uptick rule would make him bullish.
"The Chinese stimulus plan changes spending habits as they are basically giving you money to spend. Check out FXI stock. if you like China. "
Fertilizer Stock Plays - " I like TNH because of dividend play. "
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Bank Stocks 3/10/09 March 10, 2009 - Citi
Today, 3/10/09, the bank stocks are higher as Citigroup's ( C ) CEO Vikram Pandit has come out and says that Citi is profitable through February. Citigroup Inc. has been operating at a profit through the first two months of the year, according to a letter that the bank's chief executive sent to employees. This news is stunning and is the type of news, if true, could really turn the stock market around quickly.
Banking Stock Update - March 10, 2009
Citigroup ( C ) - $1.17 Up 11.43% - In the letter sent Monday, CEO Vikram Pandit said Citi had an operating profit of $8.3 billion before taxes and special items through February. Pandit said the first-quarter performance so far has been the bank's best since the last time it recorded net income for a full quarter -- that was in the July-September period in 2007.
Barclays ( BCS ) - $3.92 Up 17.72% - Barclays upgraded to outperform at Credit Suisse
Financial Bull 3X ( FAS ) - $3.17 Up 17.41% - FAS up on the Citi news, FAZ tanking
Bank of America ( BAC ) - $4.22 Up 12.53% - BAC up on the Citigroup news
Wells Fargo ( WFC ) - $10.98 Up 11.12%
General Electric ( GE ) - $7.78 Up 4.99%
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Banking Stock Update - March 10, 2009
Citigroup ( C ) - $1.17 Up 11.43% - In the letter sent Monday, CEO Vikram Pandit said Citi had an operating profit of $8.3 billion before taxes and special items through February. Pandit said the first-quarter performance so far has been the bank's best since the last time it recorded net income for a full quarter -- that was in the July-September period in 2007.
Barclays ( BCS ) - $3.92 Up 17.72% - Barclays upgraded to outperform at Credit Suisse
Financial Bull 3X ( FAS ) - $3.17 Up 17.41% - FAS up on the Citi news, FAZ tanking
Bank of America ( BAC ) - $4.22 Up 12.53% - BAC up on the Citigroup news
Wells Fargo ( WFC ) - $10.98 Up 11.12%
General Electric ( GE ) - $7.78 Up 4.99%
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Monday, March 9, 2009
Bank Stocks 3/9/09 March 9, 2009 - WFC
Today, 3/9/09, the bank stocks are higher as Warren Buffet was on CNBC talking highly of his Wells Fargo ( WFC ) stock holding. This has to give shareholders confidence when owning WFC stock and it appears to be spreading to most of the banking sector. This rise in the bank stocks is the reason the stock market is up from the pre market lows.
Banking Stock Update - March 9, 2009
Wells Fargo ( WFC ) - $9.62 Up 11.73% - Thanks Warren Buffett!
Bank of America ( BAC ) - $3.66 Up 16.63%
Citigroup ( C ) - $1.04 Up 1% - Even Citi is going up!!
JP Morgan ( JPM ) - $16.89 Up 6.03%
Financial Bull 3X ( FAS ) - $2.88 Up 9.03%
General Electric ( GE ) - $7.50 Up 6.23%
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Banking Stock Update - March 9, 2009
Wells Fargo ( WFC ) - $9.62 Up 11.73% - Thanks Warren Buffett!
Bank of America ( BAC ) - $3.66 Up 16.63%
Citigroup ( C ) - $1.04 Up 1% - Even Citi is going up!!
JP Morgan ( JPM ) - $16.89 Up 6.03%
Financial Bull 3X ( FAS ) - $2.88 Up 9.03%
General Electric ( GE ) - $7.50 Up 6.23%
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Friday, March 6, 2009
Bank Stocks 3/6/09 March 6, 2009 - BAC
Today, 3/6/09, the bank stocks are higher in pre market after Wells Fargo ( WFC ) announced that they are cutting their dividend.
Banking Stock Update - March 6, 2009
Wells Fargo ( WFC ) - $8.90 Up 9.73% - Wells Fargo slashes dividend 85 percent to 5 cents. Wells Fargo slashes dividend 85 percent to 5 cents for expected annual savings of $5 billion.
Bank of America ( BAC ) - $3.30 Up 4% - JPMorgan, Wells Fargo, Bank America Face Ratings Cuts. Bank of America Says Bonus Disclosure Will Cause ‘Grave’ Harm.
Citigroup ( C ) - $1.04 Up 1.96% - Citigroup Reportedly Seeking To Sell Stake In Monex
Other Bank Stocks that are rising - Fifth Third ( FITB ) & Ambac ( ABK )
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Banking Stock Update - March 6, 2009
Wells Fargo ( WFC ) - $8.90 Up 9.73% - Wells Fargo slashes dividend 85 percent to 5 cents. Wells Fargo slashes dividend 85 percent to 5 cents for expected annual savings of $5 billion.
Bank of America ( BAC ) - $3.30 Up 4% - JPMorgan, Wells Fargo, Bank America Face Ratings Cuts. Bank of America Says Bonus Disclosure Will Cause ‘Grave’ Harm.
Citigroup ( C ) - $1.04 Up 1.96% - Citigroup Reportedly Seeking To Sell Stake In Monex
Other Bank Stocks that are rising - Fifth Third ( FITB ) & Ambac ( ABK )
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Thursday, March 5, 2009
Bank Stocks 3/5/09 March 5, 2009 - BAC
Today, 3/5/09, the bank stocks are lower in pre market. BAC, HBC, and BCS are down big in pre market trading.
Banking Stock Update - March 5, 2009 - Pre Market
Barclays ( BCS ) - $4.20 Down 15.83% - Barclays questioned on Lehman Brothers funds.
Wells Fargo ( WFC ) - $9.12 Down 5.59% - Shares of WFC have been hit hard over the past two weeks. On a positive note, US Congress to examine mark-to-market accounting-source
HSBC ( HBC ) - $26.51 Down 6.49%
Bank of America - $3.43 Down 4.46%
Citigroup ( C ) - $1.09 Down 3.51%
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Banking Stock Update - March 5, 2009 - Pre Market
Barclays ( BCS ) - $4.20 Down 15.83% - Barclays questioned on Lehman Brothers funds.
Wells Fargo ( WFC ) - $9.12 Down 5.59% - Shares of WFC have been hit hard over the past two weeks. On a positive note, US Congress to examine mark-to-market accounting-source
HSBC ( HBC ) - $26.51 Down 6.49%
Bank of America - $3.43 Down 4.46%
Citigroup ( C ) - $1.09 Down 3.51%
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Wednesday, March 4, 2009
Bank Stocks 3/4/09 March 4, 2009 - BAC
Today, 3/4/09, the bank stocks are higher in pre market. We could get a bounce if these stocks can hold their gains and start to recover.
Banking Stock Update - March 4, 2009 - Pre Market
Citigroup ( C ) - $1.28 Up 5% - Citigroup to allow jobless to have lower mortgages.
US Bancorp ( USB ) - $12.71 Up 1.3% - U.S. Bancorp cuts dividend 88 pct
Bank of America ( BAC ) - $3.86 Up 6.04% - Ken Lewis Says BofA Is Fine. Do We Buy It?
Hartford Financial Services Group (HIG) - $5.25 Up 12% - Hartford in Talks to Sell Life Unit: Report
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Banking Stock Update - March 4, 2009 - Pre Market
Citigroup ( C ) - $1.28 Up 5% - Citigroup to allow jobless to have lower mortgages.
US Bancorp ( USB ) - $12.71 Up 1.3% - U.S. Bancorp cuts dividend 88 pct
Bank of America ( BAC ) - $3.86 Up 6.04% - Ken Lewis Says BofA Is Fine. Do We Buy It?
Hartford Financial Services Group (HIG) - $5.25 Up 12% - Hartford in Talks to Sell Life Unit: Report
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