Citigroup Reports Earnings With Positive Reaction Priced In
Citigroup Inc. (C) is the fourth largest of the four “too big to fail” money center banks. The stock closed Thursday, April 12, at $65.91, up 26.6% year to date and in bull market territory at 36.1% above its Dec. 26 low of $48.42.
Shares of the financial giant are consolidating a longer-term bear market and remain in correction territory at 18.3% below the high of $80.70 posted on Jan. 29, 2018.
Earnings Preview: What To Expect From Goldman Sachs On Monday
Goldman Sachs is scheduled to report earnings before Monday’s open. Goldman Sachs stock hit a record high of $275.31/share in 2018 and is trading near $207/share.
The stock is prone to big moves after reporting earnings and can easily gap up if the numbers are strong. Conversely, if the numbers disappoint, the stock can easily gap down. To help you prepare, here is what the Street is expecting:
SQ Square Inc continues to consolidate.
The stock has not yet triggered a new trader but it’s on my game plan. These types of trades are one of my most reliable setups. Consolidation always leads to an expansion in volatility. Very similar to an inside candlestick breakout this one is just a matter of when, not if.
Keep this stock on your radar, will be an easy swing trade.
Donald Trump: The stock market should be as much as 10,000 points higher
The value of the U.S. stock market has risen by $9.1 trillion, or 35.6%, since Election Day in 2016, according to Wilshire Associates.
For President Donald Trump, that’s not nearly enough.
Lately, he’s been blasting the Federal Reserve for raising rates, and he’s steadily urged the central banks to revert to the policies that supported the market during the last crisis, including the resumption of the Fed’s bond-buying program.