And then there is the case of Cramer, one day bullish the next bearish on BAC stock.
I was extremely impressed with the way Guy deciphered the Alcoa earnings. Contrary what the CEO says, things aren't as good as he claims of which sort of reminds me of the saying "if we are so good, how come we are poor?"
Wrong place to ask the question much like looking for love in the wrong places and I don't mean CNBC either. They have gone through lengthy detail (Mike Koeh, Fitzcgeraldo/Kantor) to explain why the dividend isn't safe while Doodley claiims it is as safe as it can be. The share price will tell who is right who is wrong.
Even without the SEC getting in to the fight, the spinoff of ML was a foregone conclusion with Montag carrying the torch. Surprising the management seems to publicly claim they have counter viewpoints.
If the ML spinoff takes place, the stock price could see LO to mid-twenties. Mind you they are yet to announce any share buyback or dividend increase based on BAC having passed the latest stress test.
The dividend planning takes a lot of up-front work. It is not something you change from day-to-day. The fact that it was raised at the beginning of the year tells me that it will continue for the rest of the year and many more to come.
No sooner Oppenheimer raises the target stock price, The Street [Kramer] jumps in to highlight the negatives and bring the bearish factors to the forefront. Is he really fooling anyone with respect to whom he is catering to?
As many people have stated, the investigation of Kramer by the government is long overdue.
Buffet selling leads me to believe XOM is in the market to buy while the stock sells at artificially elevated levels. You know what happens to the buyer's stock in such a huge transaction. But wait. Pete Najaro, BK, Grasso and Kramer must approve such a transaction first. The only person in-tune with market realities is Karen, the rest are just noise generators contributing to noise pollution.
Sentiment: Strong Buy
It is a no brainer, I care less if you do macro or mico-analysis.
Make sure you check with Kramer to invalidate your logical analysis.
XOM?? I doubt that. Why? Such a combination would have combined annual revenues approaching the $700B mark. WOW, can you imagine the synergy one can achieve but highly unlikely.
If memory serves the merger between Mobil and Exon took place when the gasoline was selling for less than a dollar per gallon. But it is given that the current administration is as anti-business as it gets so any deal, IMO, would take place outside the U.S. until such time as business-friendly administration is in charge.
As one individual correctly pointed out, BP, as the name implies, is a national treasure for the Brits and therefore any merger would have to retain the British heritage, no question about it. Along those lines, CVX would make sense by moving the HQ to London with combined revenues of $500B.