Selling SVB Financial Group Ahead Of Q4 Reporting
Thu, Jul. 21, 4:46 PM
Wed, Jul. 20, 5:35 PM
Thu, Apr. 21, 4:32 PM
Wed, Apr. 20, 5:35 PM
Mon, Mar. 14, 3:19 PM
- The financial sector (NYSEARCA:XLF) has performed woefully this year, and the banks (NYSEARCA:KBE) even worse. Cornerstone Macro technician Carter Worth finds twenty names trading well beneath their (falling) 150-day moving averages.
- The group has shown signs of life lately, and Worth thinks the stocks could move back to their 150-day averages, as stocks in other market sectors have done.
- It's strictly a trade, says Worth, who continues to rate the financials as Underweight. The 20:
- Ameriprise (NYSE:AMP), BofA (NYSE:BAC), Banner (NASDAQ:BANR), Citigroup (NYSE:C), Citizens Financial (NYSE:CFG), East West Bancorp (NASDAQ:EWBC), First NBC (NASDAQ:FNBC), HFF (NYSE:HF), KeyCorp (NYSE:KEY), Legacy Texas (NASDAQ:LTXB), Lincoln National (NYSE:LNC), Morgan Stanley (NYSE:MS), Old National (NASDAQ:ONB), PacWest (NASDAQ:PACW), PNC Financial (NYSE:PNC), Principal Financial (NYSE:PFG), Stifel Financial (NYSE:SF), SVB Financial (NASDAQ:SIVB), TCF Financial (NYSE:TCB), Wells Fargo (NYSE:WFC).
Thu, Jan. 21, 4:33 PM
- SVB Financial (NASDAQ:SIVB): Q4 EPS of $1.68 beats by $0.15.
- Revenue of $383.6M (-4.7% Y/Y) beats by $26.4M.
Wed, Jan. 20, 5:35 PM
Oct. 22, 2015, 4:38 PM
- SVB Financial (NASDAQ:SIVB): Q3 EPS of $1.57 beats by $0.04.
- GAAP Revenue of $363.14M (+20.8% Y/Y) beats by $19.2M.
Oct. 21, 2015, 5:35 PM
- ACTG, ALGN, ALTR, AMZN, ATHN, BAS, BCR, BJRI, BYD, CHE, COF, CYN, CYT, DV, EGHT, ETFC, FET, FII, FSL, FTNT, GHL, GIMO, GOOG, HBHC, HURN, IG, JNPR, LHO, LOGM, LSTR, MKTO, MSFT, MXIM, N, NTGR, P, PACB, PEB, PFG, QLGC, QLIK, QSII, RMD, SHOR, SIVB, SKX, SMCI, SPNC, SRCL, SWN, SYK, SYNA, T, TRN, UCTT, VRSN, WRE
Oct. 1, 2015, 8:33 AM
Jul. 23, 2015, 4:39 PM
- SVB Financial (NASDAQ:SIVB): Q2 EPS of $1.66 beats by $0.20.
- Revenue of $370M (+68.8% Y/Y) beats by $32.4M.
Jul. 22, 2015, 5:35 PM
- ABAX, ACTG, ALGN, ALTR, AMZN, ATHN, BCR, BJRI, BLDR, BYD, CA, CB, CBI, CHE, CLGX, CLS, COF, CPHD, CTCT, CYN, DGII, ETFC, FET, FII, FLEX, FSL, GHL, GIMO, HBHC, HWAY, IG, JNPR, LOGM, LSTR, MITK, MKTO, MSCC, MXIM, N, NANO, NTGR, P, PEB, PFG, PFPT, PMCS, QLIK, RGA, RHI, RSG, RT, SBUX, SIVB, SPNC, SRCL, STAG, SWKS, SYK, T, TRIP, TRN, UIS, V, VRSN, WIRE, WRE
Jul. 6, 2015, 1:31 PM
- It was a rough start to the year for the financial sector, but at about the mid-point of 2015, the XLF is ahead 9.7%, easily outpacing the S&P 500's 1.8% rise.
- Calling U.S. Treasury yields "considerably more resilient" today than in 2012 thanks to the strength of the economy, Erika Najarian and team don't expect the Greek crisis to impact the 10-year yield or the timing of the first Fed rate hike.
- The bottom line, says Najarian, is to expect continued rotation into the financial names, with solid loan performance in Q2 a catalyst on top of the improved interest rate picture.
- Najarian and team are sticking with their Buy-list of rate-sensitive names: JPMorgan (NYSE:JPM), Wells Fargo (NYSE:WFC), Comerica (NYSE:CMA), KeyCorp (NYSE:KEY), Regions Financial (NYSE:RF), SVB Financial (NASDAQ:SIVB), East West Bancorp (NASDAQ:EWBC), and Texas Capital Bancshares (NASDAQ:TCBI).
- ETFs: XLF, FAS, FAZ, UYG, VFH, IYF, BTO, SEF, IYG, FXO, FNCL, FINU, RWW, RYF, FINZ
Jun. 29, 2015, 5:01 PM
- Manulife (NYSE:MFC) has the greatest sensitivity to rising rates of all the picks on the list, says Barclays, which also sees upside potential even before rate liftoff, particularly as the insurer deploys excess capital.
- The Street is underestimating MGIC Investment's (NYSE:MTG) earnings growth trajectory in a subnormalized loss environment.
- Nasdaq OMX (NASDAQ:NDAQ) remains a top pick thanks to: 1) attractive valuation; 2) recurring and diversified revenue base; 3) strong free cash flow supporting capital returns.
- Prologis (NYSE:PLD) has strong earnings growth and compelling valuation compared to net asset value.
- Citigroup (NYSE:C) should outperform its big-cap peers thanks to: 1) Finally meaningful capital deployment after this year's CCAR; 2) increased focus on execution in core markets; 3) big footprint in faster-growing emerging markets; 4) utilization of the $48B DTA; 5) continued reduction in Citi Holdings.
- Also making the list: Prudential Financial (NYSE:PRU) and SVB Financial (NASDAQ:SIVB).
- Source: StreetInsider
May 19, 2015, 2:02 PM
- "Prior to the financial crisis, consolidation was a consistent profitable investment theme in financial stocks," says KBW. The reverse has been true since, and the "fragmentation" of the giants is creating the best opportunities in the sector.
- Taking a very rough measure, the team notes the eight largest banks have made 104 acquisitions since 2010 versus 228 divestitures. Two notable recent moves are RBS's spin-off of Citizens Financial Group and GE's promise to unload $200B of financial assets.
- For who might benefit, look to those on the buy side of some these "forced" sales. KBW's list: Colony Financial (NYSE:CLNY), Invesco (NYSE:IVZ), Oaktree Capital (NYSE:OAK), PrivateBancorp (NASDAQ:PVTB), Raymond James (NYSE:RJF), Signature Bank (NASDAQ:SBNY), and SVB Financial (NASDAQ:SIVB).
Apr. 23, 2015, 4:33 PM
- SVB Financial (NASDAQ:SIVB): Q1 EPS of $1.71 beats by $0.36.
- Revenue of $410.9M (-18.9% Y/Y) beats by $89.08M.