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Citigroup Update

Citigroup Update

by | Nov 19, 2020 | Chart of the Day, Commentary

Citigroup has had a nice run this month.  At this morning’s peak the stock is up over 25% from the October close.  Today Citigroup received an upgrade from KBW:  https://seekingalpha.com/news/3637958-kbw-switches-out-jpmorgan-for-citigroup-on-outperform-list. ...
Unexpectedly

Unexpectedly

by | Nov 19, 2020 | Chart of the Day

From the desk of Liz Ann Sonders:  Much stronger than expected October existing home sales; +4.3% to 6.85m ann. vs. -1.1% est. (6.47m) & +9.9% (6.57m) in prior month (revised up) … rate is now at its strongest pace since November 2005;  median selling price jumped...
Wells Fargo Update

Wells Fargo Update

by | Nov 18, 2020 | Chart of the Day, Commentary

Wells Fargo is in breakout mode today.  Shares are up 2.5% as it continues to lift off solid footing(50D MAV).  This move is piercing a key overhead trendline that links the previous four monthly highs.  We expect WFC to extend the November rally.  Initial target is...
Ralph Lauren Surges

Ralph Lauren Surges

by | Nov 17, 2020 | Chart of the Day, Commentary

Shares of Ralph Lauren are trading at new five month highs.  The stock is up 5% as it extends the post earnings(Oct. 29/AM) gain to 18%.  RL is leaving behind layers of support and is set up well for more upside.   The 50D moving average is providing solid...
Kohl’s Cruising

Kohl’s Cruising

by | Nov 17, 2020 | Chart of the Day, Commentary

Kohl’s is surging today following this morning’s solid earnings report: https://seekingalpha.com/news/3637174-kohls-rallies-on-confident-look-dividend-plan.  The stock is up 9% at mid day and is heading for its best close since June 8th.  This powerful...