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CITIGROUP INC

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C trade ideas

CITI sitting on a critical support level.Financials have taken a real battering in the past 2 weeks with the majors entering correction phase, NYSE:C is mow down 15% from its recent high. During today's trading session it has managed to hold critical support , if it breaks a further 20% drop sits below to the December 18 lows. Longs are sitting in a very nervous position which will need a green day tomorrow or major trouble lay ahead. Safe trading if already in, if not stay away.
NYSE:C
by RedHotStocks
Earnings Play Day Trade C on Monday the 15th of July C has earnings tomorrow Monday the 15th. It looks more bullish than bearish. Its making higher highs and higher lows and its above all its major moving averages 20ema,50sma,100sma,200sma. Recently its been hitting the overhead resistance area around $72.00. If it breaks out of the 72 daily resistance then it has room to go up until around $73.30. On the bearish side, it could go back and fade to its 20 ema daily at $69.63. I would be more inclined to go Long on it rather than Short it, due to the reasons mentioned above. The market sentiment is critical here as it needs to be in line with the SPY for the trade to work. The general expectations is that the earnings reports would be positive, so we shall see on Monday how C will play out. Remember this is a stock that doesn't make huge moves, and it has a lot of liquidity so its safer to trade than some other stocks like CMG.
NYSE:C
by swara7kadir
1
Earnings season is open: bet on banksNext week starts the earnings season in the US (the second quarter of 2019). Leading US stock indices currently show historical highs, but analysts are quite skeptical about the upcoming financial results from leading companies. According to a survey conducted by S&P Global Market Intelligence, it is expected that almost all 11 sectors of the S&P 500 index will show a decline in EPS (earnings per share ratio). For example, in the communication Services, as expected, EPS will decrease by more than 40% (expected change in Q2 EPS from year- earlier quarter), Materials sector will lose more than 20%, and even Information Technology sector is expected to show a decrease in EPS by more than 4%. Explanations for this are as follows: a strong dollar lowers commodity prices and damages companies from the Materials sector; the trade wars between China and the US accompanied by US attacks on Huawei have led to problems for companies involved in Communication Services and Information Technology. Another problem is inflated capitalization (during a decade, American companies spent billions to buy their own shares, which greatly inflated the value of their stocks). On the whole, the US stock market looks like a typical bubble, inside which, instead of air, is cheap money, which is the result of the ultra-soft monetary policy of the Fed since 2008-2009. Do not forget also about zero and negative rates in Japan and Europe, which redirected capital flows from the European and Japanese markets to the US stock market. As a result, stock prices have rocketed to the sky, and it is very difficult to increase EPS further. Almost the only sector of the S&P 500 index that is expected to show positive EPS change is Financials. So if you are planning to buy in the US stock market during the earnings period, then you should first pay attention to banks and financial companies. And since they are traditionally the first to report, then you need to act here and now. For example, Citigroup Inc. will report on Monday July 15, even before the market opens. JP Morgan Chase, Wells Fargo The Goldman Sachs will announce their financial results on Tuesday, and Bank Of America, U.S. Bancorp (USB), The Bank of New York Mellon Corporation (BK) - on Wednesday. What is the secret of Financials? Why do they show an increase in EPS, when everyone else goes under the water? The monetary policy of the Fed has become the main driver of the financial success of banks in the United States. Until now, the increase in interest rates contributed to the growth of banks' profitability and, as a consequence, the growth of their financial indicators. The recent statements by the Fed about expected interest rates cut, in theory, should have led to negative expectations and a fall in bank margins. Instead these expectations have led to a significant decline in long-term rates, which has meant a jump in mortgage loan refinancing activity, which means more fee income for the banks. Another argument in favor of banks in the current earnings season is the fact that bank stocks typically trade at significantly lower valuations to earnings estimates than that of the S&P 500. What is more interesting and surprising, the discount over the past five years has increased. Five years ago, the S&P 500 banks as a group traded at a weighted forward price-to-earnings ratio that was 72% of the valuation for the full index. Now the group trades at a forward P/E valuation 60% of the full index. That is, bank stocks, in fact, are traded at a discount, and therefore, relative to the market as a whole, they are undervalued. In addition, according to Warren Koontz (head of value equity at Jennison Associates - manages $176 billion for private clients and mutual funds), the US banking sector is “in the best shape they have been in for 30 years in terms of balance sheets, the management of the companies and the capital they have to deploy”. In general, the purchase of US bank stocks is now a kind of investment “combo”: in addition to the arguments listed above, they also give dividend payouts with “double-digit rates” growth and provide significant share buybacks. A company in another industry with those characteristics would be priced far higher than the banks are now. And the last thing. According to analysts (the results of the FactSet survey), Wells Fargo & Co. has the greatest potential for EPS growth. (EPS is expected to grow by 20%), Bank of America Corp. (growth by 13%), Citigroup Inc. (an increase of 13%) and JPMorgan Chase & Co (10%). So stocks of these banks should be bought first.
NYSE:CLong
by Trade24Fx
2
Daily C CITI stock forecast analysis08-JUL Price trend forecast timing analysis based on pretiming algorithm of Supply-Demand(S&D) strength. Investing position: In Rising section of high profit & low risk S&D strength Trend: About to begin an adjustment trend as a upward trend gradually gives way to a slowdown in rises and falling fluctuations Today's S&D strength Flow: Supply-Demand strength has changed to a strengthening selling flow when stock market opening. READ MORE: www.pretiming.com D+1 Candlestick Color forecast: RED Candlestick %D+1 Range forecast: 0.1% (HIGH) ~ -0.7% (LOW), -0.5% (CLOSE) %AVG in case of rising: 1.6% (HIGH) ~ -0.4% (LOW), 1.2% (CLOSE) %AVG in case of falling: 0.5% (HIGH) ~ -1.5% (LOW), -0.7% (CLOSE)
NYSE:C
by pretiming
Citigroup Short July Iron Condor w/ sideways channelCitibank has been trading within a horizontal range and sideways channel between 65.50 and 69 for the past fourteen trading days. Because of this, we are shorting the iron condor by writing the 69 calls and 65.5 puts for the initial strangle, and going half a dollar out on each side to acquire the protection (longing the 69.5 calls and 65 puts), thus turning the strangle into an iron condor. Being slightly below the money, it is somewhat bearish but created such that it aligns with the historical channel. By using the July 5th options, which are eight trading days away, we expect Citi to stay within the channel. This trade is done for a max profit of 30 and a max loss of 20 because the credit is .30/contract. This gives us break-evens of 65.2 and 69.3, and a better risk reward ratio (30/20) is received when the trade is done with calls instead of puts (29/21). This maximizes profit potential.
NYSE:C
by LaurenTrading
4
Daily C(Citi) forecast timing analysis by Supply-Demand strength21-Jun Investing strategies by pretiming Investing position about Supply-Demand(S&D) strength: In Rising section of high profit & low risk Supply-Demand(S&D) strength Trend Analysis: In the midst of an adjustment trend of downward direction box pattern price flow marked by limited rises and downward fluctuations. Today's S&D strength Flow: Supply-Demand(S&D) strength flow appropriate to the current trend. View a Forecast Candlestick Shape Analysis of 10 days in the future: www.pretiming.com (You can easily create a trading plan.) D+1 Candlestick Color forecast: RED Candlestick %D+1 Range forecast: 0.3% (HIGH) ~ -1.7% (LOW), -1.0% (CLOSE) %AVG in case of rising: 1.6% (HIGH) ~ -0.5% (LOW), 1.3% (CLOSE) %AVG in case of falling: 0.4% (HIGH) ~ -1.5% (LOW), -0.7% (CLOSE) Price Forecast Timing Criteria: Price forecast timing is analyzed based on pretiming algorithm of Supply-Demand(S&D) strength.
NYSE:CShort
by pretiming