CITI GROUP: INVESTMENT IDEA #1
Citi group is currently down 38.3% from 52 week highs, another interesting factor is that C was gaining while the market was falling. Buffets 33B investment in C is one of many recent purchases he made. We should also be aware we may be approaching a recession as 10-year yields are growing. Current Analyst rating are indicating a "buy" signal and 1 year target is around $65. Keep in mind Citi Group also needs to nail Q2 2022 Earnings Report if it wants to see growth. Citi Groups P/E ratio is also at 5.62 indicating its slightly undervalued, and C has a low P/B ratio that is consistently decreasing. Technically if we break above 54.12, I see 54.28, and if we break above 54.28 I can see $57.90+. Momentum is also Slightly increasing.
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