Hot Bank Stocks To Own For 2018

Once upon a not-so-long-ago time, the legal cannabis industry was a regular Wild West for investors looking to get in early on a brand new sector. Issues of ambiguous if not downright contradictory legislation in the US and challenges to interfacing with the American banking system served as sizeable deterrents for larger institutional investors, leaving the myriad new opportunities to be taken advantage of by those smaller, more agile enterprises willing—and able—to do so.

Fast forward just a few years to 2017, and the number of states in the US with some form of legal marijuana legislation in place has reached 28 (plus the District of Columbia) and is steadily increasing.Yet, despite America being the veritable poster child for the growth and formalization of the cannabis industry in recent years, the United States Marijuana Index has dropped 34.25% since the November 8, 2016 elections, while the Canadian Marijuana Index has climbed by a staggering 41.01% during the same period.

Hot Bank Stocks To Own For 2018: Wells Fargo & Company(WFC)

Advisors’ Opinion:

  • [By Lisa Levin] Related WFC Why Bank ETFs Fell On Friday Despite Decent Earnings Phil's Stock World: Funtime Friday Earnings Season Starts Today Rising Book Values and Margins of Safety (GuruFocus)
    Related C Earnings Preview: Financial Giants BAC, GS, And MS Report Q2 Results This Week Why Bank ETFs Fell On Friday Despite Decent Earnings Palo Capital, Inc. Buys Citigroup Inc, Schlumberger, NetApp Inc, Sells Citrix Systems Inc, … (GuruFocus) Companies Reporting Before The Bell
    Wells Fargo & Co (NYSE: WFC) is estimated to report quarterly earnings at $1.02 per share on revenue of $22.51 billion.
    Citigroup Inc (NYSE: C) is projected to report quarterly earnings at $1.26 per share on revenue of $17.71 billion.
    JPMorgan Chase & Co. (NYSE: JPM) is expected to report quarterly earnings at $1.65 per share on revenue of $25.61 billion.
    PNC Financial Services Group Inc (NYSE: PNC) is projected to report quarterly earnings at $2.02 per share on revenue of $4.00 billion.
    First Republic Bank (NYSE: FRC) is estimated to report quarterly earnings at $1.1 per share on revenue of $675.70 million.
    First Horizon National Corp (NYSE: FHN) is projected to report quarterly earnings at $0.28 per share on revenue of $337.89 million.

     

  • [By Douglas A. McIntyre]

    24/7 Wall St. named Wells Fargo & Co. (NYSE: WFC) CEO Tim Sloan one of the worst in America late last year. The case for the selection persists and has gotten more powerful.

  • [By Jon C. Ogg]

    Wells Fargo & Co. (NYSE: WFC) was listed as 479.704 million shares in September, the same as in June and March. This was 470.29 million shares last September. As a reminder, it was documented that Buffett has filed to be allowed to increase his stake north of the 10% threshold with the SEC. Hejust recently confirmed that he did not sell Wells Fargo shares after the account opening scandal.

  • [By ]

    He practices what he preaches. While Berkshire Hathaway has ownership interests in about 45 companies, the lion’s share of the portfolio (nearly two-thirds) is invested in just six names. The biggest is Apple (Nasdaq: AAPL), followed by Wells Fargo (NYSE: WFC), Kraft Heinz (Nasdaq: KHC), Bank of America (NYSE: BAC), Coca-Cola (NYSE: KO), and American Express (NYSE: AXP).Buffett isn’t afraid to make colossal investments in a small handful of positions. And with few exceptions, these big bets usually work out brilliantly. Of course, we’re also talking about the most astute stock picker of all time. For those without his legendary skills, this strategy might be far less productive — possibly even dangerous.

  • [By Garrett Baldwin]

    The price of Bitcoin faced more pressure over the weekend. The downturn came on news that several major banks have banned the purchasing of Bitcoin with credit cards. Bank of America Corp. (NYSE: BAC), JPMorgan Chase & Co. (NYSE: JPM), and Citigroup Inc. (NYSE: C) have all banned cryptocurrency purchases since Friday. This means that the top five credit card issuers have now halted the practice. Bitcoin sat at $7,773 this morning.
    Janet Yellen is officially out of the Federal Reserve and will be heading to the Brookings Institution. Today, Jerome Powell will begin his first term at the helm of the U.S. central bank. Powell takes over at an interesting time for the U.S. economy. The central bank is expected to raise interest rates three times in 2017. In addition, Powell must manage a $4.5 trillion balance sheet that the Fed built up in the wake of last decade’s financial crisis.
    Gold prices saw a slight gain in pre-market hours. But those gains could surge as markets continue to face questions about inflation and a weaker U.S. dollar. Gold prices saw one of their biggest one-day declines in two months on Friday. Investors are looking at this as a solid entry point given price expectations from Money Morning Resource Specialist Peter Krauth. Peter expects that gold prices will reach $1,400 by the end of June and rise to as high as $1,500 by December.
    VideoMeet the Trading Expert Who Could Help Make You a Millionaire
    Crude oil prices slid in pre-market hours to a one-month low. TheWTI crude oil price todayfell 0.6%. Brent crude dropped 1.1%. Markets are growing increasingly fearful that rising U.S. production could spur an oversupply of the markets.
    Four Stocks to Watch Today: WFC, AVGO, QCOM, BMY
    Shares of Wells Fargo & Co. (NYSE: WFC) are off more than 8% this morning because the Fed has forced new sanctions on the bank that will limit its growth. The Fed’s consent order will see the bank change four members of its board of directors and

Hot Bank Stocks To Own For 2018: Canadian Imperial Bank of Commerce(CM)

Advisors’ Opinion:

  • [By Logan Wallace]

    Canadian Imperial Bank of Commerce (TSE:CM) (NYSE:CM) – Analysts at Desjardins reduced their Q2 2018 earnings per share estimates for Canadian Imperial Bank of Commerce in a research report issued to clients and investors on Wednesday, May 2nd. Desjardins analyst D. Young now forecasts that the company will post earnings of $2.85 per share for the quarter, down from their prior estimate of $2.86.

Hot Bank Stocks To Own For 2018: Ampco-Pittsburgh Corporation(AP)

Advisors’ Opinion:

  • [By ]

    London (AP) — The British government said Sunday it is scrapping a promise to reconsider the ban on fox hunting, a centuries-old rural tradition contentiously outlawed more than a decade ago.

  • [By ]

    Phoenix (AP) — The classified advertising site Backpage.com ignored warnings to stop running advertisements promoting prostitution, sometimes involving children, because the lucrative enterprise brought in half a billion dollars, according to an indictment unsealed Monday.

  • [By ]

    Kabul, Afghanistan (AP) — A Taliban assault on the Intercontinental Hotel in Afghanistan's capital killed at least six people, including a foreigner, and pinned security forces down for more than 13 hours before the last attacker was killed on Sunday, with the casualty toll expected to rise.

  • [By ]

    New York (AP) — Tom Petty died last year because of an accidental drug overdose that his family said occurred on the same day he found out his hip was broken after performing dozens of shows with a less serious injury.

  • [By ]

    Cayce, S.C. (AP) — A crash between an Amtrak passenger train and a CSX freight train in South Carolina has left at least two people dead and more than 50 injured

  • [By ]

    New York (AP) — The bitter cold that followed a massive East Coast snowstorm should begin to lessen as temperatures inch up and climb past freezing next week, weather forecasters said.

Hot Bank Stocks To Own For 2018: First Commonwealth Financial Corporation(FCF)

Advisors’ Opinion:

  • [By SEEKINGALPHA.COM]

    The last year Netflix generated positive free cash flow (FCF), was 2010, which happens to coincide with the year it began significantly increasing its content library, per Figure 2 above. Since then, Netflix has burned through cumulative $3.6 billion in cash, per Figure 3, and the cash burn is only accelerating. In 2015, NFLX’s FCF sat at -$1.6 billion, and over the last twelve months, FCF has worsened to -$1.9 billion.

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