Financial Select Sector SPDR XLF
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Checking In On How Insiders Have Been Trading Financial Stocks
By Insider Monkey : By Jake Mann Over the past week, financial stocks have been in a tizzy, as the sector has fallen over 6 percent. From a macroeconomic standpoint, the broader markets have been shrouded by uncertainties regarding the Eurozone and the JPMorgan Chase ( JPM ) trading loss. One ...
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3 Reasons To Buy JP Morgan While The Stock Is Cheap
By Trade In Mexico : JP Morgan Chase and Company ( JPM ) is one of the leading banks in the world, and yet the stock is trading at a major discount to the average stock in the market. Just a few weeks ago, the shares were trading around $46, however, the company surprised many investors with news
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Stock Investors Lack Conviction
… slightly. This gave markets a lift early as did testimony by J.P. Morgan ( JPM ) which soothed investors and bid bank stocks higher but only modestly aided long-lagging financials ( XLF ). Late in the day investors were Complete Story »
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Oversold Monday Bounce
By David Fry ( ETF Digest ): You had to expect some kind of reaction to extreme oversold conditions. There wasn't much in the way of news to account for the rally other than some eurozone leaders stating they wanted Greece to remain in the EMU. Obama backed more accommodative policies in the ...
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Greece Continues To Weight On The Markets
By David Fry ( ETF Digest ): Fed Minutes revealed nothing new although some Fed members suggested more stimulus could be needed. Economic data in the U.S. was decent overall as Industrial Production (1.1% vs .5% exp. & prior -.6%) improved and beat; Housing Starts (717M vs 690M exp. & prior 699M)
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The Banks Again: When Will We Learn?
By Elliott R. Morss : In 2007, the banks gambled on mortgages and lost, causing the largest global recession since 1929. They then gambled on European sovereign debt and lost. And now we hear JPMorgan Chase ( JPM ) just lost $2 billion on a derivatives bet. Should this not be the last straw? There
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JPMorgan Shareholders: Brace Yourselves For More Potential Losses, Government Scrutiny
By Zvi Bar : JPMorgan Chase & Co. ( JPM ) showed its hand to the market and announced its intention to unwind positions relating to its recent two billion dollar trading loss, but that does not mean the losses are over. Worse yet, JPM's troubles relating to this may jump the shark and extend from
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Markets Remain In Descent Mode
By David Fry ( ETF Digest ): First view the news, then the reaction. China's April home sales declined 16%. Industrial Production (9.3% vs 12.2% expected) declined sharply even though many countries would kill for those types of readings. Retail Sales in China were weaker overall. Chinese fiscal ...
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JPMorgan Losses: Much Ado About Nothing And A Buying Opportunity
By Hawkinvest : JP Morgan Chase ( JPM ) shares plunged in after-hours trading Thursdaywhen the company reported trading losses of about $2 billion which could make one division report a second quarter loss of about $800 million. A CNBC article quotes CEO Jamie Dimon as saying: "It could cost us as
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Other banks AH on the JPMorgan news: [[BAC]] -3.2%, [[C]] -3.2%, [[GS]] -2.4%, [[MS]] -3.1%. Banking ETF: [[ XLF ]] -2%.
Other banks AH on the JPMorgan news : BAC -3.2% , C -3.2% , GS -2.4% , MS -3.1% . Banking ETF: XLF -2% . 8 comments!