Get started

Citigroup

Citi Is In For a Technically Bumpy RideI did this analysis really elucidate what an "extended ceiling" looks like. The annotations are pretty straight forward AND if you look well enough you'll see an upside-down cup and handle forming and if you squint just right you'll see a head and shoulders forming. I would've shown it on the diagram but the drawing would've become too busy to make sense. Notice too, that the 21-day moving average is working well as a support and as a resistance. Admittedly, I haven't done any fundamental analysis but preliminary, doing things in reverse, we see that Citi, technically, is in for a rough ride. If there's a stock you're fixing to take a position, put the ticker in comments section also what position, long or short, you want to take.
NYSE:C
by ReadySetBudget
1
Break out or Break down - $C - CitigroupShort-term call? After a quick drop and sharp earnings reversal, Citigroup seems to be ready to break out of the "Head and Shoulders" pattern it has been setting for a year. In the past two years especially, the second half of the year has typically been a boon to the Financial Sector. Due to the lack of resistance, if Citigroup does resume it's trend, it's clear skies until $73 or 8 strikes from it's Monday (7/16/18) close of $69.47. MACD & RSI divergence, higher lows & highs, hint it's break out time; although $C tends to test support when closing below a mid-dollar strike (e.g. $68.5, $69.5 ... ) many signs seem bullish. Short-term Put? Since the 100-day MA hasn't been traversed quite yet and dimming global outlook for a very globally diverse financial institution are pertinent concerns: a resumption of $C's breakdown toward $67.50 is still plausible; Less likely after $66.50 was touched and multiple lines of support drawn there after during the post-earnings fire-sell, but still plausible all the same. Having a complete collapse like the "Head & Shoulders" suggests, and a fall straight through $66 is more of a longer term trend that is unlikely, but still possible. Caution would be to start with a strangle or straddle around the $69.50 strike, with the call focusing on the resistance-turn-support of $69 (firmly in the money) and roll the dice with the put's placement, with one's choice on potential gains. At the end of the day: Financial deregulation, tactical global divestment, Citigroup's 10% share buyback, increase in dividend payouts and a solid beat on it's Q2 earnings (despite the sell-off) all point toward a brighter future. Old allies and Old foes becoming the opposite, nationalistic rhetoric and new Middle-Eastern oil deals all are obstacles, but whether they are insurmountable is up to your short-term hypothesis because only time tells; and time is always money.
NYSE:C
by Arizard
JP Morgan in the spotlight before earnings report on 13/07/2018This Friday 13/07/2018 three of the main USA Banks are releasing quarterly results #JPM #C #WFC, The Banking sector is experiencing positive fundamentals that have been driving the spike of their stocks in recent months: 1. USA Interest rate hikes : according to Bloomberg research, for each 1% that USA increases the interest rate level Banks like Bank of America will be benefited with extra revenue of USD 5,6 Bn. 2. Corporate tax cuts : Donald Trumps´s December 2017 corporate tax cut approval down to 21% is boosting USA Banks tax savings, according to Associated press those savings are reaching USD 3,6 Bn. 3. Deregulation : Donald Trump is willing to continue softening USA Banks regulation, such as the Volcker rule. USA Regulators already started rewriting one of the most debated Dodd Frank´s rule. • JP Morgan is expected to release USD 2,24 EPS (Nasdaq.com), +23,07% compared to the previous results of USD 1,82 EPS. • On the April´s 2018 quarterly result the volatility increased up to 603 pips. Key point: Now as shown in the chart, JP Morgan is facing a great technical momentum trading above the USD 102-104 range support as well as above two FIBO 0,382 & 0,236. If the earnings market mover is not able to drive JPM stock clearly below the USD 102-104, I see JP Morgan with a technical bullish momentum above USD 102. Adrian Lopez de Armentia - EFA
NYSE:JPM
by Adrian_Armentia
1
Earnings season for the US banking sector is openingEarnings season for the US banking sector is turning into an active phase tomorrow. Two largest banks - JPMorgan and CitiGroup – will publish their financial statements for the second quarter. This will happen on Friday July 13, 2018 before the market open. Our expectations for the stock market from the current earnings season are quite optimistic, and as for the US banking sector, they are doubly optimistic. Let's start with the fact that recently the financial results of corporation act as a catalyst for the growth of American stocks. Here are just a few of the most typical examples: after the publication of the previous financial quarterly report, Apple shares went up by 5% in just one day and increased by 10% during the next week. On the shares of Facebook, everything was even more dynamic - shares during one (!) day grew by 10% (!). Shares of Amazon grew by 15% in just 3 (!) days. As for the banking sector in general and JPMorgan and CitiGroup in particular, despite the negative reaction of the markets to the quarterly results last time (the results, by the way, were better than the forecasts), we consider the existing conditions to be almost ideal for qualitative and quantitative growth of financial indicators of these banks. This is primarily about the growth of US interest rates, which allow banks to increase their margins and, accordingly, to increase earnings. In addition, Trump's tax reform and the general economic state of the US allow us to expect another excess of expert forecasts from JPMorgan and CitiGroup. We also note that both banks are characterized by an aggressive dividend policy. And if JPMorgan has long been yielding dividends at 2% per annum, CitiGroup has intensified only recently. But how they became much more active. The growth of dividend payments amounted to almost 200% (!). All this is a serious additional argument in favor of buying shares of JPMorgan and CitiGroup. Given that the financial results will be published tomorrow BEFORE the opening of the market, the decision on the trade must be taken now. Both shares are near the lower boundaries of their medium-term ranges. So, the prices for purchases are ideal. As for the growth prospects, in both cases we are talking about +/-10% returns (without the leverage). So, in our opinion, these trades (buy JPMorgan and CitiGroup shares) are extremely attractive from all positions, both technical and fundamental. Our recommendation is the purchase of shares of JPMorgan and CitiGroup today from the current prices. Because tomorrow it may be too late.
NYSE:JPMLong
by Trade24Fx
2
XLF Has Its Pre Financial Crisis High In SightsThe popular ETF, XLF follows the financial sector and after weeks of selling, it looks to have found support and be gearing up for a big move indicated by the Weekly Squeeze coiling for the past 8 weeks, with the momentum shifting to bullish this week. If you take a look at C (Citigroup), it too has a Weekly Squeeze. If you take a look at it on a Daily it also has a Squeeze which looks like it will fire long. If this move for the financial sector plays out long, I would expect a retest of its high back from January (30.33) then a retest of it's high of 30.84. This high (30.84 - May 28, 2007 - 11+ year ago) is an important one because this was the peak of the financial sector ETF ( XLF ) before the financial crisis of 2008.
AMEX:XLFLong
by TheCryptosaurusRex
Citigroup Support & PredictionI believe the market support is going to be around $67 for the next few weeks, and a short call of it going to reach a $70 market price within a timely manner is reasonable. The negative correlations and left skewed spread though seems unattractive to investors, but it is still not considered a high risk stock. Overall Citigroup is investable for a conservative portfolio and both an expectancy of it surpassing the $70 price, as well as strong market support trailing at $67 in the meantime, is a reasonable analysis.
NYSE:CShort
by gamer456148
The "Cheap" Bank w/ Short Term Trading Gains (PT $75.40)Who couldn't love Citi when it had dropped to $68? Given both the long term and "2017 Hotness" trend lines, the stock has been knocked down between a reasonable to weak area where it can rebound back up to a comfortable "median" position that has been previously held. Reading between the fib lines and the somewhat consistent range of $70-77, it wouldn't be unreasonable for the stock to climb back to around the midpoint of $75. Its earnings call was great, though some will argue with how fantastic it should have been given the current climate and what's priced in. If the stock reaches $78, absolutely sell and don't be greedy trying to wait for that magic $80 mark. I'm sure everyone will be watching and waiting for it, but without proper volume, it will be a short lived rally up as everyone else takes their gains. I love Citi as a company and believe it to be strong and stable moving forward the rest of this year. Any price point close to $70 is great for a small position and for technical trading to get some ranged gains.
NYSE:C
by N3utra
THE WEEK AHEAD: JPM, C, WFC, SMH, AND XBILater in the week, we kick off earnings season with a trio of financials: JPM, C, and WFC,* all of which announce on Friday before market open. Generally speaking, I haven't played a lot of financials in the past, since their background implied volatility never seems to bump up significantly enough. Here, however, with JPM's implied at 32, C's at 33, and WFC's at 33 -- all toward the upper end of their 52-week ranges, I figured I'd take a look to see whether "this time is different." It looks like it is ... . The April 20th 23 delta 104/114 short strangle in JPM is paying 1.47 at the mid with break evens at the one standard deviation line, and the corresponding defined risk setup (an iron condor) with strikes at 101/104/114/117 is nearly paying one-third the width of the wings -- a .96/contract credit, with break evens between the expected and a one standard deviation move. The C April 20th 65/72.5 20 delta short strangle is paying 1.00 even with break evens at the one standard deviation line, implying that a defined risk setup isn't going to pay at least one-third the width of the wings. Moreover, the longs clear of the 20's go 2 1/2 wide ... . In WFC, the April 20th 49.5/55 22-delta short strangle pays .87/contract with expected move break evens ... . Out of these three, I'd probably go with the JPM play because the defined risk setup is paying nearly one-third, and the strikes wide of the 20-delta strikes don't go all "wanky." Having strikes in one-wide increments basically everywhere generally leads to fewer rolling headaches. That being said, it's a long way between here and Thursday close, which is when you'd want to look at these underlyings again, adjust your setups accordingly, and see whether they're still worth your while. On the exchange-traded fund front, the top five implied volatility wise are: OIH (37), SMH (36), XBI (36), XOP (35), and EWZ (32). I'm already in XOP and EWZ plays, so the only thing that makes personal sense for me out of that group are potential plays in SMH or XBI, although I'm sure there's still juice to be had in just short strangling XOP (the May 25th 31.5/38's paying 1.00). The SMH May 18th 90/108 short strangle (20 delta) pays 2.55 with expected move break evens; its defined risk counterpart, the 87/90/108/111 pays .93, slightly short of the one-third I normally look for, but probably good enough for a less than 40 day until opex setup. The XBI 75/91 pays 1.98 with expected move break evens; the 72/75/91/94 pays .85 ... . * -- Given that this trio is closely correlated, it may also be worth taking a look at XLF, although with a background implied of 28, that isn't looking all that juicy at the moment ... .
S
by NaughtyPines
7
Citigroup(C) Bullish Butterfly and 70 long opportunityAs the stock market pulls back, it will be exciting to do the bottom-up strategy. C has a potential bullish butterfly pattern and the entry will be near 70.00, which no doubt will be lots of buying orders. In an investment mindset, long in front of 70.00 and put the out below 65.00 will be a solid strategy, while in a trading mindset, an intraday reversal sign near 70.00 will be necessary as we won't know how and why it went there. I like both though! Let's see how it goes!
NYSE:CLong
by Trader_Joe_Lee
STOCKS IM BUYING THIS WEEKI think last week's pullback in equity markets was a good thing. The market got overheated and it gave us a reminder that stocks don't always rise. Memories and patience are short in the finance industry especially with some recent trends (blockchain) skewing people's perception that building wealth gets built overnight. Not the case, in the past 50 years of the SP500's history, it has NEVER had a stretch of over a year without a 5% correction or more. So relax, this is not doomsday, it is the ebbs and flows of Mr. Market playing his tricks. Here is the list of stocks I'm buying or adding a position too. - Icahn Enterprises (see earlier post) - Scott's Miracle Grow (post coming this week) - Bank of Nova Scotia - Bank of Montreal - Citigroup - Home Capital Group (post coming next week) - Canadian Imperial Bank of Commerce - Valeant Pharmaceuticals - Equifax BNS, BMO, CM are banks I own in a fund and will simply be buying more of the fund (FIE.TO), but BNS and BMO are the two banks I would buy, if you go back one year and look at the worst performing Canadian bank, it's a pretty safe bet that the next year will be better. As well: www.theglobeandmail.com I apply this same rationale to Citigroup , one of the less fortunate American banks from last year. EFX was a stock I bought down around $90 when it sold off following a security breach announcement. I think the firm, fundamentally, is strong and will continue to regain ground. VRX is also one of those contrarian stock picks, after some allegations a couple of years ago for fraud and insider trading, I think they've found their bottom. They've also started to pay off debt which is never a bad thing for a recovering company. I'm in the process of putting a valuation on HCG and SMG and will make a post in the coming week, this will be a buy and hold value-pick. I'm liking what I'm seeing so far.
NASDAQ:IEPLong
by StuartTabor
C bullish bat pattern,demand zone, and fig support combinationC just broke the B point, which makes this harmonic pattern more referable. There are still some rooms to hit the entry area, while it's a worth trading long opportunity if it can be pulled-back there. 67 is not really a very important fig support, while I believe there will still be some institutional buy limit orders there. I would like to do 2 entries of this trade, and the second one needs a intra-day reversal sign to do the confirmation entry.
NYSE:CLong
by Trader_Joe_Lee