|Day Low/High||12.39 / 12.97|
|52 Wk Low/High||11.12 / 16.52|
The banking index includes the four 'too big to fail' money center banks and all 24 components are rated hold.
Bank stocks were weak on Wednesday, following a disappointing report from China on declining exports and he release of FOMC minutes.
Harry Farver has been named Huntington Bancshares (NASDAQ: HBAN; www.
Huntington (Nasdaq:HBAN) hit a new 52-week high Monday as it is currently trading at $8.55, above its previous 52-week high of $8.50 with 3.5 million shares traded as of 10:10 a.m. ET. Average volume has been 9.8 million shares over the past 30 days.
We remain confident with the composition of the model portfolio ahead of the second-quarter earnings.
Huntington (Nasdaq:HBAN) is trading at unusually high volume Tuesday with 19.1 million shares changing hands. It is currently at two times its average daily volume and trading up 19 cents (+2.4%).
Huntington (Nasdaq:HBAN) hit a new 52-week high Monday as it is currently trading at $8, above its previous 52-week high of $7.96 with 2.2 million shares traded as of 10:05 a.m. ET. Average volume has been 9.6 million shares over the past 30 days.
Amid the week's volatility, a new name joined the model portfolio and we also added shares to an existing position.
Huntington Bank (NASDAQ: HBAN; www.huntington.
Regional banks including KeyCorp are doing great and DuPont is still a powerhouse, said Cramer.
With many wait for any market strength to sell, smart investors need to remain vigilant and keep one eye on interest rates and the other looking for bargains.
Catch up on Jim Cramer's thinking over the past week, including the new theme and the not-so-dumb market.
We used the volatility this week to make several changes to the model portfolio, which included adding a new position.
B&G continues to be a winner while regional banks like BB&T deserve your love, Cramer said.
There are sectors that do well when interest rates are rising, and those stocks can help your portfolio if you let them.
Huntington Bancshares Incorporated (NASDAQ: HBAN) expects to report its second quarter earnings on Thursday, July 18, 2013, prior to the market opening.
Citigroup, PNC, Huntington Bancshares, and JPMorgan are touted as 'cheap defensives.'
Huntington (NASDAQ: HBAN; www.huntington.
During an up-and-down week for stocks, we used the volatility to build up one of our model portfolio positions.
Bank stocks led the broad market lower on Friday, following some lackluster economic reports.
Bank stocks rose along with the broad market, following positive economic reports.
JE BR HBAN HES are going ex-dividend tomorrow, June 13, 2013
The ex-dividend date for Huntington (Nasdaq:HBAN) is tomorrow, June 13, 2013. Owners of shares as of market close today will be eligible for a dividend of 5 cents per share. At a price of $7.74 as of 9:30 a.m., the dividend yield is 2.6%.
We used this week's volatility to sell shares from one model portfolio name and some of the funds to add to another.
Investors considering a purchase of Huntington Bancshares, Inc stock, but cautious about paying the going market price of $7.50/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the January 2015 put at the $5 strike, which has a bid at the time of this writing of 28 cents.
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