|Day Low/High||34.61 / 35.44|
|52 Wk Low/High||29.93 / 43.52|
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.
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.
Several names in the model portfolio experienced increased volatility, despite U.S. stocks posting just fractional losses this week and holding near record highs.
The Federal Reserve has been on a roll approving regional bank acquisitions with more to come, even as the Department of Justice is cracking down on mergers.
With the market ticking higher this week, we used its strength to take profits in some of our portfolio companies.
Despite earnings miss, the Georgia bank's shares will continue to improve, according to one analyst.
Still, we believe the company is executing well in a low-interest-rate environment.
Synovus Financial Corp. (NYSE: SNV) today reported financial results for the quarter ended March 31, 2016.
We believe that Synovus can continue to deliver above-average growth.
We made just one trade for the model portfolio this week as the market ended with a fractional loss.
We made several moves this week as stocks bounced back and the quarter ended in the green for the portfolio.
Synovus Financial Corp. (NYSE: SNV) today announced that its Board of Directors has declared a dividend of $0.
We used the broader market decline this week to add to one position.
Synovus Financial Corp. (NYSE: SNV) will report first quarter 2016 results on Tuesday, April 19, 2016.
We used the selloff earlier in the week to make several moves in the portfolio.
We added to one portfolio position this week as stocks extended their winning streak and earnings season concluded.
We took advantage of the third straight positive week for the market by booking some profits in 2 portfolio positions.
Synovus Financial Corp. (NYSE:SNV) Chairman and CEO Kessel Stelling will present at the Raymond James 37th Annual Institutional Investors Conference in Orlando on Monday, March 7, 2016, at 8:40 a.
In a week where stocks continued to rally, we added to one portfolio position and booked some profits in another.
Synovus has won 26 awards in the 2015 Greenwich Excellence Awards for Small Business Banking and Middle Market Banking.
Despite some sense of normalcy returning to the market this week, we believe readers should remain alert.
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