|Day Low/High||13.19 / 13.50|
|52 Wk Low/High||11.12 / 16.52|
Stocks have gained for 4 consecutive weeks and remain overbought, as evidenced by our model portfolio’s 30% cash position.
Growth was led by demand for business lending and a 3.06% net interest margin.
Huntington Bancshares (HBAN) stock is edging up on Thursday morning after the regional bank holding company reported mixed results for the 2016 second quarter.
Second-quarter earnings are expected to be slightly below year-ago profits.
When comparing dividend yields to trailing P/E, JPM has a notable peer in HBAN.
With the market appearing overbought on a number of metrics, the model portfolio may favor booking profits.
Investment strategist John Augustine is bullish on Lockheed Martin, Johnson & Johnson, Realty Income and Crown Castle.
Defense stocks, like Lockheed Martin, will likely continue to be in favor says Huntington Bank's Chief Investment Officer John Augustine.
Stocks rose for the week and June posted a better-than-expected jobs report, however, the model portfolio did not conduct any trades.
Although stocks rebounded during the week post-Brexit selling, we increased our positions in 3 of our model portfolio holdings.
Huntington Bancshares (HBAN) stock is up this afternoon after boosting its dividend.
We also like the dividend and the pending FirstMerit acquisition.
Trade-Ideas LLC identified Huntington (HBAN) as a post-market leader candidate
The U.S. units of Deutsche Bank and Banco Santander continue to have problems, while Morgan Stanley must resubmit its capital distribution plan by the end of December or fail.
Trade-Ideas LLC identified Huntington (HBAN) as a "dead cat bounce" (down big yesterday but up big today) candidate
Financials were among the hardest hit after the Brexit vote, prompting our model portfolio to add to our banking stocks.
The bank passed its stress test overnight and sports a solid 3.1% dividend yield.
We will likely start to put our cash to work this morning, once we see how the initial 15 minutes of trading shakes out.
Morgan Stanley, Keycorp and Huntington Bancshares are above minimums -- but just barely.
With market weakness expected to continue to linger, our model portfolio considers it a potentially good time to buy.
We trimmed two positions in the model portfolio this week amid overall market strength.
The rally has been strong and the bull market is taking a deserved rest, Cramer says.
With the probability of an interest rate hike at the June FOMC of just 4% and also lingering uncertainty about rising interest rates over coming weeks and months, we remain comfortable with the model portfolio.
U.S. shares advanced for the week, but we did not make any trades in our model portfolio. Next week, however, a plethora of economic data will be released.
If the U.S. dollar goes higher, one Jefferies analyst made the case for investing in small- and mid-cap stocks -- particularly ones that have little overseas sales exposure.
U.S. stocks are approaching oversold levels for the first time in over a month, leaving us comfortable with an above-average 25% cash position in our model portfolio as we search for new names to add.
Trade-Ideas LLC identified Huntington (HBAN) as a "barbarian at the gate" (strong stocks crossing above resistance with today's range greater than 200%) candidate
U.S. stocks are approaching oversold levels for the first time in over a month, prompting our model portfolio to increase its position in Kratos Defense & Security.
More than half of the model portfolio reported earnings in a 48-hour stretch, but earnings season wraps up next week amid a quiet economic front.
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