Forget the pundits—they totally blew the call on this election. And I sure hope you didn’t take their stock advice, either.
Ahead of the vote, one economics professor said the market would drop 7% if Trump won. Another analyst said you should go to cash “if you’re not already there.”
I could go on.
If you followed that advice, you’ve missed a 2.1% rise in the S&P 500 since Election Day. It’s worse if you were overweight financials, as the sector has been on an absolute tear, with the iShares US Financials ETF (IYF) surging 7.0%.
Sad!
But not surprising, as banks will benefit most from higher interest rates—and a selloff in the bond market has pushed the yield on the 10-year Treasury to around 2.25% from 1.87% on November 8.
Top 10 Financial Stocks For 2018: KKR(KKR)
Advisors' Opinion:- [By Motley Fool Staff]
KKR (NYSE:KKR) Q1 2018 Earnings Conference CallMay. 3, 2018 11:00 a.m. ET
Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks:Operator
- [By WWW.GURUFOCUS.COM]
For the details of Jeff Ubben's stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=Jeff+Ubben
These are the top 5 holdings of Jeff UbbenTwenty-First Century Fox Inc (FOX) - 53,326,334 shares, 18.41% of the total portfolio. Alliance Data Systems Corp (ADS) - 5,877,400 shares, 15.07% of the total portfolio. CBRE Group Inc (CBG) - 24,916,923 shares, 10.92% of the total portfolio. Shares reduced by 13.72%KKR & Co LP (KKR) - 47,750,000 shares, 10.18% of the total portfolio. Shares added by 4.82%Morgan Stanley (MS) - 17,959,620 shares, - [By ]
Kohlberg Kravis Roberts (KKR) : "I'm a buyer. I've respected them for generations. "
Mitek Systems (MITK) : "This one is too speculative for me. I'd buy NVIDIA (NVDA) ."
- [By Shane Hupp]
Get a free copy of the Zacks research report on KKR & Co. L.P. (KKR)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
- [By ]
In the Lightning Round, Cramer was bullish on Spotify (SPOT) , Alkermes (ALKS) , Johnson & Johnson (JNJ) , Thermo Fisher Scientific (TMO) , Sorrento Therapeutics (SRNE) , NVIDIA (NVDA) , Nucor, Eli Lilly (LLY) and Kohlberg Kravis Roberts (KKR) .
Top 10 Financial Stocks For 2018: Macatawa Bank Corporation(MCBC)
Advisors' Opinion:- [By Ethan Ryder]
BidaskClub upgraded shares of Macatawa Bank (NASDAQ:MCBC) from a buy rating to a strong-buy rating in a research note released on Friday morning.
Separately, Hovde Group set a $11.00 price target on Macatawa Bank and gave the stock a hold rating in a research report on Monday, January 29th.
Top 10 Financial Stocks For 2018: Patriot National Bancorp Inc.(PNBK)
Advisors' Opinion:- [By Shane Hupp]
Patriot National Bancorp (NASDAQ: PNBK) and Community Bank, N.A. (NYSE:CBU) are both finance companies, but which is the better stock? We will contrast the two companies based on the strength of their dividends, earnings, valuation, institutional ownership, risk, analyst recommendations and profitability.
Top 10 Financial Stocks For 2018: Wells Fargo & Company(WFC)
Advisors' Opinion:- [By ]
Here's a lesson Wells Fargo & Co. (WFC) CEO Tim Sloan appears to have learned: Be nice to your customers.
The San-Francisco bank has paid about $2 billion in fines and extra legal costs to resolve allegations that it used overly aggressive sales practices over the past decade, including opening millions of accounts without customers' knowledge and charging auto borrowers for insurance they didn't need.
- [By ]
In Tuesday's Kass Insider I remarked that there are a number of factors contributing to my cautious near-term market view:
Narrow Market Leadership. We're back to a market that's basically led by the FAANGs -- Facebook (FB) , Amazon (AMZN) , Apple (AAPL) , Netflix (NFLX) and Google/Alphabet (GOOG) , (GOOGL) . Facebook, Amazon, Apple and Alphabet are holdings in Jim Cramer's Action Alerts PLUS. Rising Short-Term Interest Rates. The 2-year U.S. note yield is up about 1.3 basis points at 2.39%. Complacency. I'm seeing more investor complacency -- anecdotally, in the business media and elsewhere -- ever since market's main indices rallied off of their recent lows. Gold. The rise in gold looks solid. I'm currently long the SPDR Gold Shares ETF (GLD) . Lackluster Banks. We're seeing disappointing action in the financials. However, I continue to buy them. I'm long Bank of America (BAC) , Citigroup (C) , JPMorgan Chase (JPM) and Wells Fargo (WFC) , although I'm shorting Goldman Sachs (GS) . - [By Shah Gilani]
The dirt at Wells Fargo & Co. (NYSE: WFC) knows no depths. Last week, yet another example of systemic fraud was unearthed.
From 2017 through early 2018, employees at the Systemically Important Financial Institution (SIFI) fraudulently altered social security numbers, addresses, and dates of birth on thousands of corporate customer documents.
- [By ]
So where do you find them? Well, preferred stocks trade just like common shares on one of the major stock exchanges. They are a popular fundraising tool for companies that need capital to grow and expand, but don't want to borrow or issue more common stock. Well-known businesses like Ford Motor (NYSE: F), General Electric (NYSE: GE), Wells Fargo (NYSE: WFC) and T-Mobile (Nasdaq: TMUS) have all issued preferred stock.�
- [By ]
Buffett's investment in banking is even more interesting that the overall over-weighting appears. Berkshire cut its position in Wells Fargo & Company (NYSE: WFC) to come in under 10% ownership last quarter but still holds $24.7 billion in shares, it's second-largest holding. At the industry-level, Berkshire added to its banking position with 3.7 million shares of US Bancorp (NYSE: USB) and 1.4 million shares of Bank of New York Mellon (NYSE: BK).
Top 10 Financial Stocks For 2018: Magyar Bancorp Inc.(MGYR)
Advisors' Opinion:- [By Ethan Ryder]
Media headlines about Magyar Bancorp (NASDAQ:MGYR) have been trending somewhat positive on Friday, according to Accern. Accern rates the sentiment of news coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Magyar Bancorp earned a media sentiment score of 0.16 on Accern’s scale. Accern also assigned media headlines about the bank an impact score of 48.0770691063571 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Top 10 Financial Stocks For 2018: One Liberty Properties Inc.(OLP)
Advisors' Opinion:- [By Joseph Griffin]
One Liberty Properties, Inc. (NYSE:OLP) VP Justin Clair sold 3,100 shares of the company’s stock in a transaction dated Monday, May 21st. The stock was sold at an average price of $25.00, for a total value of $77,500.00. Following the completion of the transaction, the vice president now directly owns 32,566 shares in the company, valued at $814,150. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.
Top 10 Financial Stocks For 2018: Beneficial Mutual Bancorp Inc.(BNCL)
Advisors' Opinion:- [By Joseph Griffin]
Media coverage about Beneficial Bancorp (NASDAQ:BNCL) has trended positive recently, according to Accern. Accern identifies positive and negative news coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Beneficial Bancorp earned a news impact score of 0.38 on Accern’s scale. Accern also gave media headlines about the bank an impact score of 45.8699493506664 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
- [By Ethan Ryder]
BidaskClub upgraded shares of Beneficial Bancorp (NASDAQ:BNCL) from a sell rating to a hold rating in a report released on Tuesday morning.
Shares of Beneficial Bancorp opened at $16.35 on Tuesday, MarketBeat.com reports. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.51. The company has a market capitalization of $1.23 billion, a P/E ratio of 31.44 and a beta of 0.55. Beneficial Bancorp has a fifty-two week low of $14.40 and a fifty-two week high of $17.50.
Top 10 Financial Stocks For 2018: Old National Bancorp Capital Trust I(ONB)
Advisors' Opinion:- [By Ethan Ryder]
Old National Bancorp (NASDAQ:ONB) Director Katherine E. White sold 1,064 shares of the company’s stock in a transaction dated Wednesday, May 16th. The shares were sold at an average price of $17.80, for a total transaction of $18,939.20. Following the transaction, the director now owns 1,243 shares in the company, valued at approximately $22,125.40. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.
Top 10 Financial Stocks For 2018: Northrim BanCorp Inc(NRIM)
Advisors' Opinion:- [By Stephan Byrd]
Capitol Federal Financial (NASDAQ: CFFN) and Northrim BanCorp (NASDAQ:NRIM) are both small-cap finance companies, but which is the superior business? We will contrast the two businesses based on the strength of their analyst recommendations, institutional ownership, risk, earnings, profitability, valuation and dividends.
Top 10 Financial Stocks For 2018: Safety Insurance Group Inc.(SAFT)
Advisors' Opinion:- [By Jordan Wathen]
Safety Insurance Group (NASDAQ:SAFT) reported that winter weather activity and an accounting change were drags on its first-quarter results, though a lower tax rate was a net positive to the Massachusetts-based insurance company.�
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