Deutsche Bank this year has dropped from $35 to $12.55 as of today and plenty of folks say it HAS NOT FOUND a bottom. It has been called the worst stock in the world to buy, so it is understandable that people on that payroll are going through miserable times and need company so they are making absurd ratings calls. Perhaps the decline recently will open up a buying opportunity for smart investors. Is Deutsche the next Lehman Brothers? I don't know but when shares are falling faster than a cement cloud, look out below. Make sure you're not standing under the cloud.
Out of 16 analysts who follow Sunoco LP, four say it is a STRONG BUY, six say it is a BUY, five say it is a HOLD and one believes it is an under perform. Ask yourself one question. Is it possible that one analysts knows more than all the others combined? My best judgment is: Highly unlikely. I'm in the BUY to STRONG BUY category.
This is an area that the Securities and Exchange Commission is responsible for watching. But despite the billions they spend, they always claim that they don't have the staff to watch all the crooked operations and their lawyers rarely bring anyone to court. Remember Bernie Madoff? Despite informers with documentation , they ignored that situation and it costs some investors a great deal of money. In order to get appointed to head the SEC, you have to have a lot of backing by the financial community. If a true watchdog ever gets that job, he gets kicked out fairly quickly.
Suspect good many investors will use this pullback to add to shares or take advantage of good entry price. Dividend and earnings look solid with gasoline consumption set to climb to record this Summer, according to the U.S Energy Information Administration. Oil price $51 plus today.
Former DOJ criminal justice lawyer says the government would have to prove that the former Secretary of State had some "criminal intent" in handling Emails as she did. He said there is no evidence or way to prove that. Case dismissed.