With about a month to go before the two "I-can’t-believe-we’re-going-to-go-through-this-again" deadlines, there’s a 60 percent chance of a federal government shutdown and an only slightly lower chance of a problem with the debt ceiling.
On paper, this Washington edition of a Perils of Pauline-like cliffhanger silent movie shouldn’t be happening.
If this were almost any previous year, the Republican-controlled Congress would be working quietly with the Republican president on short-term extensions of the coming year’s appropriations and the legislation that would enable the federal government to meet its financial obligations. There would be no suspense and the outcome wouldn’t be in doubt.
the best stock to buy now: Citigroup Inc.(C)
- [By WWW.THESTREET.COM]
Some money managers are indeed preparing for Armageddon, expecting a thin summer trading season to usher in the bear. But Cramer said that, ultimately, what happens in Washington has little impact on the earnings of stocks like Walmart (WMT) , Coca-Cola (KO) or Citigroup (C) . It also has no correlation to the 17.8% move in Nvidia (NVDA) , nor the 12.8% jump in Electronic Arts (EA) .
- [By Craig Jones]
Mike Khouw thinks that we could see a pull back or a continuation of sideways trading in the sector and he suggested a bearish options strategy in Citigroup Inc (NYSE: C) as the best way to make money in that scenario. He wants to sell the March 60/62.50 call spread for $1. If Citigroup trades below $60 at the March expiration, Khouw is going to make the maximal profit of $1. Above $61, he's going to lose money and he can maximally lose $1.50.
- [By Matthew Cochrane]
With this mindset, it is no wonder that PayPal finished 2016 on a wave of deal-making momentum. In the past 12 months, PayPal completed agreements with a number of financial and tech companies including Alibaba Group Holding Ltd (NYSE: BABA), Citigroup Inc (NYSE: C), Facebook Inc (NASDAQ: FB), Mastercard Inc (NYSE: MA), Visa Inc (NYSE: V), and Vodafone Group Plc (NASDAQ: VOD).
- [By Craig Jones]
Dan Nathan spoke on CNBC's Options Action about a bearish options strategy in Citigroup Inc (NYSE: C).
The banking sector traded sharply higher on expectations of deregulation and higher interest rates, but it showed some signs of weakness last week. Nathan thinks the current administration won't be able to change meaningfully the Dodd-Frank Act over the next few months and he sees that as the key catalyst for a possible pull back in the banking sector.
- [By Ben Levisohn]
Among big bank stocks, Morgan Stanley (MS) has fallen 0.7% to $45.86, Goldman Sachs Group (GS), has slipped 0.5% to $246.40, and Citigroup (C) is off 1% at $60.83.
- [By John Maxfield]
It was about a century ago that Citigroup (NYSE:C) decided to chart a separate course from the rest of the bank industry. It continued to build its domestic operations, but shifted much of its focus to creating a vast network of banking offices around the world.
the best stock to buy now: Swift Transportation Company(SWFT)
- [By Teresa Rivas]
Swift Transportation (SWFT) is up 18.2% on news that it will merge with Knight Transportation (KNX), up 11%.
Endo International(ENDP) is up 4.3% after preannouncing first-quarter earnings in line with analysts’ estimates.
Tesla (TSLA) is up 1.9% after Piper Jaffray upgraded the stock to Buy from Neutral.
J.M. Smucker (SJM) is down 1.1% after Morgan Stanley cut it to Underweight from Equal Weight.
Hilton Worldwide(HLT) is up 1.9% after Goldman Sachs upgraded it to Conviction Buy from Buy.
Ulta Beauty(ULTA) is up 0.7% after Loop Capital upgraded it to Buy from Hold.
Canada Goose (GOOS) is up 1.5% after a number of firms, including Goldman Sachs, Barclays, BMO Capital Markets, and Canaccord initiated coverage of the stock with a Buy rating, although it also got a few Hold ratings. as well.
- [By Craig Jones]
On CNBC's Fast Money Halftime Report, Jon Najarian said he noticed unusually high volume in the April 23 calls in Swift Transportation Co (NYSE: SWFT) on Wednesday. Traders bought around 3,500 contracts in the first half of the trading session and they $1 paid for them. The trade breaks even at $24 or 8.45 percent above the current market price. Jon Najarian followed the trade and he is planning to hold the position for two weeks.
- [By Rich Smith]
Knight Transportation (NYSE:KNX) is merging with Swift Transportation (NYSE:SWFT) to build a $5 billion trucking behemoth — and Wall Street thinks that’s a good thing.
the best stock to buy now: Deer Valley Corporation (DVLY)
- [By SEEKINGALPHA.COM]
Deer Valley (OTCPK:DVLY)
This company manufactures factory-made homes which are marketed to 14 states in the US. After the financial crisis it has been able to pick up its operations and continue to create sustainable free cash flow and increasing profits. It might be that another similar shock to housing is not necessarily around the corner and therefore they could sustain this in the foreseeable future.
the best stock to buy now: NCI, Inc.(NCIT)
- [By Elizabeth Balboa]
Information technology company NCI Inc (NASDAQ: NCIT) reported its $283 million sale to H.I.G. Capital Management for $20 per share in cash.
9. Allied World Assurance
The insurance firms of Allied World Assurance Company Hldgs Ltd (NYSE: AWH) and Fairfax Financial extended the offering period for purchase of outstanding Allied World shares from June 30 to July 5.