This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Invest Like a Quant: 5 New Trades From Renaissance Technologies


Content on this page requires a newer version of Adobe Flash Player.

Get Adobe Flash player

Big bank Citigroup ( C) is another name that Renaissance newly initiated in the most recent quarter. Simons and company added 3.7 million shares of Citi to thier portfolio, building a position worth $177 million. Citi is one of the biggest banks in the world, with 1.9 trillion in assets and more than a quarter of a million employees. And it's one of the biggest beneficiaries from the equity rally that's propelled the S&P 500 more than 16% higher this year.

>>5 Stocks Poised for Breakouts

Like its peers, Citi has made a big about-face in recent years, changing its focus back to conventional banking. As a result, Citi's shareholders are seeing profitability again. Scale matters in the banking business -- that's why Citigroup's $1.87 trillion in assets are worth paying attention to. Despite its size, hefty exposure to emerging markets means that the firm has the ability to tap undersaturated loan markets with burgeoning middle class populations. While those growth opportunities don't come without risks, the relatively vanilla nature of the rest of the financial sector makes it look a whole lot more attractive.

But that doesn't mean that Citi's shares are attractive. Granted, they're not toxic, but then again, an abundance of regulatory restrictions and the possibility for more skeletons in Citi's closet makes it look less appealing. If you're looking for exposure to banking stocks, think regional names instead.
3 of 6

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
AAPL $94.19 -1.04%
C $44.66 -2.00%
CAG $44.78 1.02%
CMCSA $60.89 -0.10%
COP $43.41 -3.70%


Chart of I:DJI
DOW 17,651.26 -99.65 -0.56%
S&P 500 2,051.12 -12.25 -0.59%
NASDAQ 4,725.6390 -37.5850 -0.79%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs