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There are no Transcripts on FAZ.
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at CNBC.com (May 10, 2012)
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at CNBC.com (Mar 19, 2012)
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at MarketWatch.com (Mar 7, 2012)
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at CNBC.com (Nov 30, 2011)
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at MarketWatch.com (Oct 28, 2011)
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at CNBC.com (Oct 7, 2011)
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at CNBC.com (Oct 7, 2011)
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at MarketWatch.com (Sep 22, 2011)
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at CNBC.com (Sep 22, 2011)
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at CNBC.com (Aug 24, 2011)
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at MarketWatch.com (Aug 18, 2011)
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at MarketWatch.com (May 20, 2010)
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at CNBC.com (May 12, 2010)
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at MarketWatch.com (May 10, 2010)
FAZ vs. ETF Alternatives
FAZ Description
The Financial Bear 3X Shares seeks daily investment results, before fees and expenses, of 300% of the inverse (or opposite) of the price performance of the Russell 1000® Financial Services Index ("Financial Index"). There is no guarantee the fund will meet its stated investment objective.
See more details on sponsor's website
See more details on sponsor's website
Sector: Financial
Country: United States
Key Info
- In Your Portfolio: Financial Sector ETFs
- Asset Class Performance: Sectors
- All
- | Earnings
- | Dividends
- | M&A
- | On the move
- Tuesday, May 21, 8:49 AM Exponential rapidly rising or falling markets usually go further than you think, but they do not correct by going sideways," is #4 of Bob Farrell's "Market Rules to Remember." Channeling that, BAML's Steve Suttmeier sees stocks continuing their run with risks of a topping-out not arriving unti late summer. He's most bullish on industrials (XLI) - particularly "oversold" EXPD, DE, CAT, FDX - and also thinks financials (XLF) will remain market leaders. 4 Comments
- Friday, May 17, 8:13 AM Thomas Lee lifts his year-end S&P 500 (SPY) forecast to 1,715 from 1,580 as the bull has already outrun his expectations. His team sees clues economic performance is picking up, including the outperformance of semiconductors (XSD) vs. transports (IYT), and the steepening of the 10 year/30 year Treasury curve. Risk/reward is particularly appealing in tech (XLK), healthcare (XLV), and financials (XLF). Comment!
- Friday, May 17, 5:56 AM UBS upgrades global financials to Overweight from Underweight on a healing global economy, rebuilt capital, and the sector's shift "from being a net issuer to a net distributor of cash." Furthermore, the U.S. banking sector (XLF) is taken to Overweight as balance sheet strength and attractive valuations play well with the housing market recovery to create compelling opportunities. European banks (EUFN) are lifted to Neutral "with a preference towards Nordic and U.K. banks." Financials respond in London with LLoyds Banking Group (LYG) +2.3%, Royal Bank of Scotland (RBS) +3.3%, and Barclays (BCS) up 0.5%. 5 Comments [Financials, Global & FX]
- Wednesday, May 15, 7:54 AM "You're getting cost cuts as a means of sustaining performance and that's not a great sign," says analyst Simon Maughan. "What HSBC (HBC) is showing you (job cuts earlier) is that there is very little growth in the banking industry (XLF) for years to come." CEO Stuart Gulliver notes HSBC has met its savings target, but hasn't met a goal to reduce costs as a percentage of revenue because revenue hasn't grown. 1 Comment [Financials]
- Wednesday, April 24, 3:58 PM Richard Pzena (PZN) - still heavily overweight financials (XLF) and mature tech (XLK) - makes his case for global banks in today's earnings call (transcript): With capital levels of 11-13% at JPM, C, and BCS double what they were pre-crisis, will regulators allow banks to earn a decent return on said capital? A definite "yes," says Pzena, seeing no reason demand for financial products won't continue to grow faster than GDP, and noting bank managers' "laser-like focus" on improving returns. An average price-to-book ratio of 0.7x combined with a modest ROE of 12-13% suggests fair value more than double current prices. Comment! [Financials, Tech, Quick Ideas]
- Thursday, April 18, 7:37 AM Coming alongside a rise in lender earnings are calls for tougher regulation, including even more stringent capital requirements. Bank profits have thrived the past few years even with all the new rules, but maybe at the expense of economic growth. "The government aimed a Stinger missile at the banking industry and missed and hit the consumer as well," says Dick Bove. The XLF has about matched the S&P's 120% rise since the March 2009 bottom. 1 Comment [Financials]
- Monday, April 15, 12:28 PM The Brown/Vitter bill being rolled out in Congress is essentially Armageddon to the TBTF banks, says Goldman, seeing it as mandating another $1.1T in equity for the banking system. Banks would need 12 years of earnings to build this amount organically, though the bill would give just 5 - say goodbye to lending. Break up the banks? BAC, C, JPM, and WFC all have multiple divisions with more than $400M in assets - the level at which the bill gets tough on lenders. 22 Comments [Financials]
- Monday, April 15, 11:24 AM A 2.5% move up in Citigroup following earnings is allowing the banks (XLF) to tread water or even move higher in an otherwise bright red tape. Leading the S&P on the downside is the resources sector, XLE -2.9%, XLB -2.5%. S&P 500 (SPY) -0.7%. Comment! [Financials]
- Friday, April 12, 12:09 PM "Expect more pronounced slowing" in mortgage banking and loan demand, says Sterne Agee's Todd Hagerman after this morning's earnings from Wells Fargo and JPMorgan. Mortgage banking income fell as expected, but both banks reported slowing application volumes as well, suggesting future cuts to earnings estimates. XLF -0.8%. 7 Comments [Financials]
- Wednesday, April 10, 3:59 PM In comments with potential implications for the banking sector, CLSA analyst Mike Mayo says he sees a rebirth of shareholder rights in the sector with institutional investors taking control of their ownership stake. A "country club sort of attitude" has been prevalent for too long among bank boards, with directors getting fired one out of 3,000 times, Mayo says. (video) Comment! [Financials]
- Tuesday, April 9, 6:43 PM A Goldman Sachs note helps explain some of the recent weakness in big bank stocks and adds a warning signal: Banks that gain more than 10% in Q1 usually give back nearly all those profits in Q2 when future earnings estimates begin falling. Goldman's top concern heading into Q1 earnings is that "lackluster fundamentals could lead to a negative EPS revision cycle (which has been the trend the past few years)." 5 Comments [Financials, Quick Ideas]
- Tuesday, April 9, 9:48 AM JPMorgan Chase (JPM) will lead big U.S. banks in job cuts with 17K expected through 2014, according to Bloomberg, after the six largest U.S. banks announced cuts to 1.8%, or 21K positions, during Q1. The housing rebound means many of the cuts will come in foreclosure units. Banks may tell more about their personnel plans starting this Friday when JPM and Wells Fargo (WFC) report Q1 results. 1 Comment [Financials]
- Monday, April 1, 10:06 AM Each time a PNC customer deposits a check by snapping its picture on a smartphone, it saves the bank $3.88 compared to going to a teller window, says President William Demchak. Underway and gaining steam is the trend of banks nationwide closing branches and/or shrinking their size. 2 Comments [Financials]
- Wednesday, March 27, 11:08 AM Stocks more than halve early losses 90 minutes into the session, SPY -0.4% an QQQ -0.3%. The financial sector (XLF -0.6%) is lit up red - not surprising given Europe's shuddering banking system. Google and Apple - each down more than 1% - lead tech lower. 5 Comments
- Wednesday, March 20, 3:17 PM Bernanke press conference: Banks can not only handle a sustained increase in interest rates, but should thrive, he says, as higher rates mean increased net interest margins and a higher franchise value. Suggestion for a follow-up: What if it's short-term rates which increase? 16 Comments [U.S. Economy]
- Monday, March 18, 10:12 AM Some green enters the screen a half hour after a big down open, with Apple and Hewlett-Packard (after an upgrade) notably higher. Not surprisingly banks are feeling the brunt of what's left of the EU bank-induced selloff, the XLF -1.4%. SPY -0.8%, DIA -0.4%, QQQ -0.6%. Europe's about 1% off the lows, the Stoxx 50 (FEZ) -1.5%. 4 Comments
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Perkins Cove
$TNA, $TZA, $FAS, $FAZ, and more Direxion....heads up, splits coming.... http://bit.ly/10c1vxy - View all 0 replies
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nasdaqczar
$FAZ Pullback of 5-10% the market will likely consolidate gains upcoming dump of stocks will benefit $FAZ BUY could run to $20 eom - View all 0 replies
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Bill Maurer
Remember what happened on inauguration day in 2009? It was ugly. I was long $FAZ that day and loving every minute of it. - View all 0 replies
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Daniel Nadler
Citigroup historically faces very weak January Seasonality: http://stks.co/eI65 $C $SPY $XLF $FAS $FAZ - View all 0 replies
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Doug Magee: Thank you. Selling the FAZ short, selling calls and buying puts would seem the most realistic trades then.
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Christopher Wallace
Mkts looking very oversold. Brought in some shorts, waiting to reload on any rally next week. SPXS SQQQ FAZ ERY - View all 5 replies
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jvix: Oversold across the board. This will pass. Both sides today indicated a resolution to the cliff. -
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freefdawatchlist
http://stks.co/lAvb $BAC Bank of America off 1% after ramping up 16000 job cuts. Are the big bank like $JPM $C in big trouble ? $FAZ - View all 0 replies
LATEST REPLIES
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x oil -field: $UVXY *New 52-Week Low $7.52¢ - $248.70¢ http://bit.ly/WHv8SD http://bit.ly/ZY5yKS http://bit.ly/WUfB3t http://bit.ly/ZQvRT4 -
x oil -field: $UVXY *New 52-Week Low $5.80¢ - $248.70¢ http://bit.ly/WHv8SD http://bit.ly/ZY5yKS http://bit.ly/WUfB3t http://bit.ly/ZQvRT4 $CS
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Doug Magee: Thank you. Selling the FAZ short, selling calls and buying puts would seem the most realistic trades then.
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Christopher Wallace
Mkts looking very oversold. Brought in some shorts, waiting to reload on any rally next week. SPXS SQQQ FAZ ERY - View all 5 replies
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jvix: Oversold across the board. This will pass. Both sides today indicated a resolution to the cliff.
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Techmonkey
Mkay. S&P down .34% on the day-- and FAZ down .55% to 20.13. Shorts getting scared after the run? Or something wrong with FAZ setup? - View all 2 replies
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freefdawatchlist
http://bit.ly/Q3oy6R ECB has 4 days to come up with some plan. Market expected to open lower. $UVXY $TVIX $VXX $AAPL $TZA $FAZ $MA - View all 3 replies
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freefdawatchlist: VXX should be above 20 but this manipulated has kept the fear at all time low when it should have been at all time high.
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Boatyzaffa
FAZ stop reached with an average price of 22.26. $280 loss, but I trade I completely stand behind -no regrets! Traded it according to plan - View all 4 replies
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Bret Kenwell: It's true though. Risk management is so key to trading. You can't have 9 winners for $100 then a $750 loser! Stops stop that from happening
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444: I'm following it! I jotted it down on a notepad, I'm following it so much. -
Boatyzaffa: with the stop @ 22.24. Now the risk is $245, we had to move the stop up five cents but we've bought more upside w/ same risk.Margin ishigher
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westcoastinvests: Figured it was a day trade just curious thanks for the clarification.
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OneLongTrade: However, if there is, then yeah there's no better trade to make. I'm of the opinion the market got ahead of bad news out of fear. -
Brandon Gibbs: And my longs will benefit greatly when the fix comes. But it won't happen until we implode, & until then I'd advise entering some shorts imo
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1980XLS-2.0: I have to agree with Detto 2 on this one. How much higher could TMF possibly go? rates are just too low for much upside remaining in TMF imo
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TruffelPig
Greece exit: The endgame has begun. ECB planing for Greek exit from Euro (German article in FAZ). http://bit.ly/J3pfX9 - View all 5 replies
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eabyrd: I got hit from 17 down to 14 before cutting out... It'll be lucrative when something goes haywire... and it'll happen, but when? -
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