|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||23.45 - 23.90|
|52 Week Range||14.81 - 25.80|
|PE Ratio (TTM)||14.54|
|Dividend & Yield||0.48 (2.03%)|
|1y Target Est||N/A|
You may be surprised at the most popular sector owned in hedge funds' portfolios.
Bank of America Corp (NYSE:BAC) stock, along with the rest of the financial sector, rallied after Donald J. Trump was elected President of the United States in November 2016. Promises for deregulation and hopes for inflation (which bring higher interest rates) meant the future of banks was brighter than it had been since before 2008. Investors got excited. Deregulation is taking a backseat to healthcare issues.
U.S. stock futures are trading flat to higher this morning, as Wall Street looks to close out what was one tiring week. Traders went from fearing an outbreak of nuclear war on Monday, to domestic political bungling on neo-Nazis by mid-week, to concern that President Donald Trump’s economic and business agenda may be falling apart this morning. Diving into Thursday’s options activity, Alibaba Group Holding Ltd (NYSE:BABA) call volume leapt after the company reported another quarter of blowout earnings results.