Bank of America Corp. (BAC) -- Semi-Monthly Update w/ 5-Year Performance
BofA has been on a steady rise in price since the lows of $5.00 per share in December 2011. My weekly study / forecast of all my High Profile Financial / Major Regional Banks is telling me WHY. A Pull-Back could well be in the making for (BAC) as well as for the Banking Industry.
You may want to review my articles on BAC (just click) you will be provided with the exact history of the accuracy of my Forecasting / Formal Recommendations and much more.
Performance (my 5-Year Table) for Bank of America is available by clicking: (BAC) . I treat BofA just like any other Company, and my performance is an excellent credential that I will not hesitate to move my Clients to Cash when my Forecast dictates.
The Banking Industry is a study that is fun because I have an on going disliked what Banks represent in today's economic world for a very long time. I have spent a great deal of time and have much experience in the study of Banking Companies like (BAC). They are definitely not on my "Good Guys" List, but I will buy and own them when they Forecast being profitable.
My objective is to identify changing trends for my Forecasting Analytics. Simple stated, I want to have current notes to quickly refer to on the anticipated direction of this Sector and Industry Group.
This Semi-Monthly Commentary on - Bank of America Corp. (BAC) - covers all of my Indicators, both Fundamentally for Valuations and Technically for Momentum. There is much to cover to provide my best possible Forecast and Opinion.
Please connect with "My Focus Article." Just Click: https://seekingalpha.com/instablog/121308-steven-bauer/2057252-my-focus-article
Important: Please Click and Read the following URL - - > https://seekingalpha.com/instablog/121308-steven-bauer/2134782-supportive-information-for-my-bi-monthly-update-articles
Income Investors ( BofA offers a very meager Dividend of just 0.26% )
My Mission is to provide guidance and direction for conservatively providing consistent annual and superior profitable results for each Formal Recommendation I make to my Clients.
The Difference Between You and the Pros: Clearly you should be profitable and making money by owning Bank of America. Via my Emails, I have found that many Investors are struggling with other securities they are holding. I have offered direction to hundreds of Investors and can share with you why you are perhaps holding losing securities and provide a conservative and low risk remedy.
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Forecast & Opinion from my Study / Analytics:
Bank of America Corp. and other Financial / Banking Sector Companies are tracking the General Market well. (BAC) has been in Up-Trend since my positive Forecast of late 2011 it is always an excellent contributor to my Analytics.
Forecasted Performance - - - Bullish Cycle - - But Weakening:
The below Table is for your review, questions and perhaps thoughts. If you are seeking, what I call "Pazazz Performance" - - please Email me to open a dialog.
Typically, "Pazazz Performance" definitely does come from Companies like (BAC). In good times this Company does the job quite well along with paying a meager dividend. In bad times this Company will stone you to death. 2008 to 2009 it dropped from over $40. to $3. That is a Warning and so are my 20 year charts!
Bank of America Corp. (BAC) | ||
Forecasted Bullish "Alerts" |
| At this time (BAC) remains in a Bullish mode and has produced an annualized profit - over the past year (plus) of about +82%. (that's per year - not including dividends). It, however is currently giving -- both Fundamental and Technical - - Bearish "Warnings" that if ignored will be costly. |
| Forecast Bullish "Alert" -- Initiated: July, 2012 @ $7.50 Performance to Date: +87% | ||
| Click on the Green Arrow to read my Archive of my most recent and past Articles, on B of A - - including my on going Forecasts and Opinions. Or : seekingalpha.com/author/steven-bauer/ins.../bac Forecasting gives you time to think, do your homework, and get it right! The Marketplace - - Doesn't Offer That Option! Thanks for your interest in my Forecasts - work / analytics . . . | ||
Ascending - BUT - The Banking Industry is Weakening. That suggests Caution.My Current Forecast is not as bright as you may think! (I will be more specific upon request).
If you own or are considering owning Banking Companies, the securities becoming suspect for a Pull-Back. Bank of America Corp. is currently relatively strong Technically but I have reservations about my Fundamental Valuation, there I have placed it on an Initial Bearish Forecast - "Warning."
My Analytics (weighting) for my Fundamental Valuation play a vital role in profitable managing money. At this time my Valuations of (BAC) are not as positive at perhaps you are being told by other sources. Plainly stated they are improving but not very impressive. Alternate and similar Companies are showing much better Fundamentals.
My Current Opinion is to HOLD in anticipation of taking profits. Caution is Warranted.
Fundamentally (weighting - - 40%): My Analytics for my Fundamental Valuation play a vital role in profitable managing money. At this time my Valuations of (BAC) are not as positive at perhaps you are being told by other sources. Plainly stated they are notably Descending again however remain quite positive. Unfortunately, this does not make for a positive fundamental valuation of any Company.
Technically (weighting - - 35%): Even with this fine Company, my Indicators are notably breaking down. It is only currently slightly off its highs of $16 selling for $15. The next General Market rally is in place and that will tell a compelling story as to the future direction of the price of (BAC).
Consensus Opinion - ( weighting - - 25% ): My third pillar of Research is one that is ALWAYS distorted to the Positive by most all financial analysts. I believe that is because they are afraid of being Bearish. I Am NOT! My articles on "Reality" are supportive of this - have a look.
I will personally and promptly reply to any serious investor's inquiry as to my very cautious position for (BAC) !
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A Twenty Year Perspective of Bank of America Corp. (BAC)
It has NOT always been like you are being told by so many who do not take the time to "Investing Wisely" and doing their homework well. Bank of America Corp. (BAC) has taken some big hits over the years. Check out my Chart, it should be an eye-eye-opener.
URL for (20-years of -(BAC): http://stockcharts.com/h-sc/ui?s=BAC&p=W&yr=20&mn=0&dy=0&id=p11575107468&a=300758176
Selectivity
"Selectivity" is what I preach (along with Patience and Discipline) and is what separates the Average Investor and Mutual Funds from the profits that come with long-hours / hard work and "Selectivity." You might like to read my most-recent article on why I believe Selectivity is so critical for profiting in today's Marketplace. You might want to check out "Be Selective II - Just Click - - > https://seekingalpha.com/instablog/121308-steven-bauer/2066602-flash-update-be-selective-ii
Here are a number of the Component Companies / Peers in the Major Banking Industry Group that I focus on rather frequently: BAC, C, WFC, JPM, KEY, USB, FITB, BK, STI, BBT, PNC, STT, CMA, NTRS, MTB, BKU.
If I can be of help just Email me. Serious Investors Only - Please!
senorstevedrmx@yahoo.com
Should you wish to read my latest article on the following Companies and ETFs - - Just Click on the Symbol. You will be taken (Linked) to my most current article as well at my last 20 articles on that Company or ETF. (It is an excellent way to gain insight into the accuracy of my Forecasts and Opinions). Just so you know you will have access to over 600 articles where I share my Analytics. In addition I have recently published all 500 of the S&P 500 Large-Cap component Companies. And, 200 of each of the S&P 400 Mid-Cap and S&P 600 Small-Cap component Companies. I stay quite busy doing my homework for my Clients.
I hope you will find my "stuff" very well worth your Time and very Accurate.
Thanks. . .
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Smile, Have Fun, "Investing Wisely,"
Dr. Steve