|Day Low/High||34.39 / 35.78|
|52 Wk Low/High||29.93 / 51.55|
We made several moves in the portfolio during a volatile week, and a slew of economic reports next week could keep the market on edge.
Synovus Financial Corp. (NYSE: SNV) will report third quarter 2016 results on Tuesday, October 18, 2016.
We continue to screen new names amid a week of volatility in the broader market.
We added one new name to the Bullpen during a holiday-shortened week that ended with the worst daily decline since late June.
We added to two portfolio positions this week and also used market strength to book some profits.
In a largely quiet week for the market, we exited one position and trimmed 2 others, booking profits in each case.
We used market volatility to add a new position this week and add take profits in another holding.
Synovus Financial Corp. (NYSE: SNV) today announced a definitive agreement to acquire Entaire Global Companies, Inc.
We used market volatility this week to close one position and add to two others.
It was a busy time of earnings reports for the model portfolio, as the market rose for the sixth straight week.
Cramer and Mohr of Action Alerts PLUS laud Lockheed's 'epic' quarter; Synovus beats estimates.
Upside was driven by operating leverage that the bank expects to improve in the second half of the year.
Synovus Financial Corp. (NYSE: SNV) today reported financial results for the quarter ended June 30, 2016.
Traders will be paying close attention to the bank’s net interest margin, and we will be listening for an update on the core Southeastern region.
Synovus Financial Corp. (NYSE: SNV) today announced the appointment of Kevin Blair as executive vice president and chief financial officer, effective August 17.
Synovus Financial Corp. (NYSE: SNV) today announced that its Board of Directors has declared a dividend of $0.
American Banker and the Reputation Institute have again named Synovus (NYSE:SNV) one of America's most reputable banks in the magazine's annual Survey of Bank Reputations.
Synovus Financial Corp. (NYSE: SNV) will report first quarter 2016 results on Tuesday, July 19, 2016.
Bank has no direct exposure to the U.K. or Europe and should continue to deliver above-average growth.
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.
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.
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.
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.
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