Following a 4-week rally the markets traded lower as of midday Monday, weighed by on-going concerns over the health of the financial sector. Despite four weeks of steep gains, financials, industrials, and utilities companies remain deep in the red year-to-date, recording losses over 10%. Which are the worst/best performing companies?
Many of the recent fixes in the financial sector are merely "window dressing" and problems still persist in the banking sector, says veteran baking analyst Michael Mayo.
Fifth Third Bancorp was one of a long list of regional banks that had been practically left for dead, but yesterday (Tuesday) its shares spiked nearly 18 percent with heavy options activity.
The S&P Financials Sector is now up ~60% since March 6. Given this huge run, it looks like the shorts are back. Here is a look at how the short interest in these beaten companies has changed over time.
Financials seem to be a four-letter word these days, but there’s one area of the sector that generally has fared better than the “too big to fail” segment: regional banks. Here's the explanation — and a way to play the trend.
Warren Buffett's bullish comments on banks, especially Wells Fargo and U.S. Bancorp, during this morning' Squawk Box on CNBC helped boost the financial stocks in Berkshire Hathaway's portfolio.
Stocks ended a yo-yo session lower Tuesday, with the S&P ending a few points below the 700 mark as investors remained on edge.
Stocks wobbled Tuesday as worries that sent stocks to 12-year lows on Monday persisted.
Details of the government’s plan to convert its preferred shares to common shares in Citigroup have pushed stock futures sharply lower, with shares of Citi and other banks under pressure in pre-market trading.
It was another down day on Wall Street as health-care stocks tanked amid worries that President Obama's budget will clamp industry profits.
The Dow closed lower on Wednesday after President Obama warned of stricter oversight for Wall Street, raising the specter of greater regulation that investors fear could sap profits.
The futures are indicating a modest oversold bounce this morning. This comes after the Dow set another 6-year low on Friday and finished the week with its worst week since October.
US Bancorp is seeing huge options trading, both calls and puts — that appear to be linked. USB averages 24,000 calls per day, but some 30,000 calls changed hands Thursday in the first 45 minutes of trading alone. Puts are also well above normal levels.
The S&P Financials Sector is now down over 35% YTD and ~70% in the past 12 months. Given this continued drop, here is a look at how the short interest in these beaten companies has changed over time.
Instead of asking what Warren Buffett has been buying, we should have been wondering what he's been selling. Berkshire Hathaway's stock portfolio snapshot for the end of the fourth quarter reveals its holdings in Johnson and Johnson have been slashed by more than half.
SunTrust Banks is up 10.5 percent with heavy call activity Wednesday, after plunging along with other banks yesterday. ... Options traders are focused on the March 12.50 strikes.
The "higher risk" trade is unwinding. In the last week, there has been a simple trade: lighten up on defensive positions, take on more risk.
Fifth Third Bancorp is attracting heavy call activity as it reaches new 52-week lows. FITB is but a shadow of its $28.58 high from last March, dropping 70 percent last month alone and closing yesterday only a nickel above its new $1.74 low. That was enough to draw options traders, as calls outnumbered puts by 10,000 to 1,700.
These days the most cash-rich companies often sell mobile phones rather than mortgages. Cramer tells you who's who in the changing market landscape.
Institutions we thought would never fail are starting to stumble. What's going on?