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Abhoy Sarkar

published in Blogs

Sep 28, 2021

Wells Fargo (WFC, $45.69) shares downgraded by Morgan Stanley

Wells Fargo shares got downgraded to equal weight from overweight by Morgan Stanley.

Morgan Stanley cited valuation concern and regulatory issues as factors behind the rating cut. It also lowered its share-price target to $46 from $49.

Wells Fargo shares have risen +58% year to date, thereby reflecting the biggest gain among large-capitalization bank stocks. Morgan Stanley analyst Betsy Graseck sees a more balanced risk-reward skew, with “less upside in the base and bull cases.”

Last week, Fed Chairman Jerome Powell said the asset cap placed on Wells Fargo three years ago owing to regulatory issues will remain until the firm has “comprehensively fixed its problems.”

Graseck noted, “We are interpreting these comments to mean Wells must materially reduce its number of consent orders outstanding to have the asset cap lifted.” Graseck indicated that that could potentially take a lot of time to do, as the consent orders are issued by different regulators, and each of the 10 consent orders has the possibility to be a multiyear process.

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John Jacques

published in Blogs

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Statistics for the Head-and-Shoulders Bottom Pattern The days where only hedge funds used algorithms to trade stocks are officially over. Now retail investors can use Artificial Intelligence (A.I. Here’s an example of the algorithm in action: Late last year, Tickeron’s A.I.

Sergey Savastiouk

published in Blogs

Jul 10, 2020

3 Stocks to Buy if Coronavirus Second Wave Hits

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Edward Flores

published in Blogs

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How to Become the Millionaire Next Door

The Golden Gate Bridge is always a fixture of these walks too, one of man's most beautiful creations. As we were walking, at one point she turned to me and said, "Man, I'll never have a million dollars."" My girlfriend is 27 years old and works as a graphic designer, making about $75,000 a year.

Alla Petriaieva

published in Blogs

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Is Ethereum’s Bomb about to Explode?

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Sergey Savastiouk

published in Blogs

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Abhoy Sarkar

published in Blogs

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Central banks have been buying $2.4 billion in assets every hour for the past two months

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published in Blogs

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Mid-January Short Interest Report Shows 8 Stocks with Good Fundamentals and High Short Interest

Sergey Savastiouk

published in Blogs

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How to Start Trading Penny Stocks

Penny stocks have long been marginalized within the professional investment community, oftentimes being painted with a broad brush of simply being “too risky.” Leonardo DiCaprio’s depiction of the penny stock peddling conman, Jordan Belfort, in the Wolf of Wall Street certainly didn’t help.Here are four reasons to start trading them now. Reason #1: Let’s State the Obvious -- Penny Stocks are Cheap A single share of Apple Inc. costs over $350.

Abhoy Sarkar

published in Blogs

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US unemployment rate jumps to 14.7%, the highest in series history

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Dmitry Perepelkin

published in Blogs

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To consistently make money in this industry, you need emotional fortitude, an analytical mind, and a willingness to self-reflect. Despite trading and investing being two different activities, these principles can be applied to both.Conversely, investors with good habits often become great traders. Rather than full sentences for titles, we’ve labeled each of our top-five investing habits using a single word principle.