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Citigroup

Citi - still downtrend - no signal for longhi citi is my favorite bank to play. it is funny bank, when bankers can play how they want the money without any control, and then lost their job. I don't know what kind of procedure they got but it does not work ... I think that this bank is manipulated a lot, lot of people - big fishes have got stocks in their pockets, bought roughly very cheap below 11 usd... they who knew that usa will help the bank, they became a rich men ... right now, we know that fed is going to kick up the rates very sharply, 2023 is still negative year for spx... dolar is still being played hard long, yen down, all other minor currencies also. Everybody are right now playing bonds and rising costs of debts... Please look on the chart. I think that we are moving 32 USD, and then level down can be 27 even. I think that scenario right now is 32 usd... it is going down, no signal for going up... I wish you good luck. My idea drinking coffee.. best regards for tradingview for their positive look on my work...
NYSE:CShort
by WinterManOnTheSky
1
Is still the Energy a Good Bet in perspective of recessionEnergy sector it’s the best performing market sector in 2022 instead of the latest evolution of Oil. Evolution of energy sector its close correlated with war between Russia & Ukraine. But we need to recap last week’s events. Russia shut down its Nord Stream 1 natural gas pipeline last week for “maintenance” and will thereby provide Europe with a preview of how will looks winter this year. Instead of opening terminal in Estonia from Norway and new delivery from Spain, or imports from Canada & Qatar Europe can’t replace completely Russian energy and Europeans will have higher bills for energy-related products. Its expected price caps but this will result in more shortage of Gas & Oil. There is a growing possibility in the case of a regime change in Russia that could disrupt the crude oil and natural gas markets. We support this idea because of latest development of war, Ukrainian soldiers regain 6000 KM2. Also, six of Putin’s allies have been shot or blown up, so Putin’s inner circle is becoming increasingly isolated. “Special operation” support is lowering because of Europe sanctions from 85% to 68% according to Levada.ru press agency. In the event that there is a ceasefire between Russia and Ukraine, post-Putin, the stock market could explode 40% to the upside. However, as long as Putin remains in power, the Ukrainian war is expected to persist in a long, and we will have high price of energy. We reduce our profitable positions this week in anticipation of pervious scenario. After last days of Ukrainian Army advance we can see already a turning point of conflict. We closed some energy positions like Alvopetro (Alvof) and Petroleo Brasil (PBA) +30% opened in March because we had important gains from price appreciation and large dividends, with higher risk of president Jair Bolsonaro intervention in companies’ administration. We anticipate Corporate Earnings to decline except Energy. We remain skeptical that a new Iranian nuclear deal will be announced in the upcoming weeks because this will affect Bidden administration and relationship between USA and Israel. What About US Inflation U.S. inflation may have peaked, but at high levels thus forcing the Fed to remain restrictive. Strong dollar, high mortgage rates, lower commodity prices, lower demand, and reduced supply chain pressures are likely to help reduce inflation over the next year. The U.S. dollar should stabilize over the medium-term amid hawkishness from other central banks and slowing economic data this is positive for growth stocks in short term. Right now, CPI was published and is above expected values but market overreacted this bad news. Today’s CPI report wasn’t a game changer. A “better balance” in the labor market would be a game changer for CPI next months because higher vacancies-to-unemployment ratio fuels inflation. Just read Societe Generale opinion below: Societe Generale Research discusses the USD outlook and sees the currency rally close to its peak. "Aggressive fiscal reaction to higher energy prices encourages our belief that while the euro and pound won’t stage significant rallies until the we’re closer to the end of the energy crisis (and the end of the war in Ukraine), the dollar’s peak isn’t very far away," SocGen notes. "A period of EUR/USD and GBP/USD trading in low ranges is more likely than fresh 10% fall from here and it’s much more likely the next 10% move in USD/JPY is down, rather than up, too," SocGen adds. We can see at the end of the year decline in USD and we acquired new positions on Gold, Silver and Banks European Index (EXX1), also new positions in Citi (C) Societe Generale Bank (GLE). Right now, we have a late cycle development and we prefer equities instead of fixed income like bonds. Not all equities are good to own right now, we select just strong companies with large cash flow from sectors like Healthcare, Consumer Samples and Utilities, Renewable Energy. We favor commodity and companies that mine uranium and lithium for Green Energy Industry. Good green Companies: ENPH Enphase Energy, Inc. SEDG SolarEdge Technologies, Inc. VWS Vestas Wind Systems A/S PLUG Plug Power Inc. FSLR First Solar, Inc. ED Consolidated Edison, Inc. ORSTED Orsted RUN Sunrun Inc. EDP-Energias de Portugal SA 968 Xinyi Solar Holdings Ltd. 541450 Adani Green Energy Limited 9502 Chubu Electric Power Company,Incorporated BE Bloom Energy Corporation Class A SGRE Siemens Gamesa Renewable Energy, S.A. DQ Daqo New Energy Corp Sponsored ADR Best Lithium Producers Albemarle Corporation (NYSE:ALB:US) Jiangxi Ganfeng Lithium (OTC Pink:GNENF,SZSE:002460) Lithium America Corp (LAC) Sociedad Quimica y Minera S.A. (NYSE:SQM:US) Allkem (ASX:AKE, OTC Pink:OROCF) Some of the problems that markets will have to face in the near future: Increased food and energy prices are causing acute trade imbalances and civil disorder in the most vulnerable countries. Europe will enter to recession. China, COVID pandemic continues, massively affecting its economy. Simultaneously, the Chinese property complex – key to Chinese economic growth – is now under dire stress. Greatest fiscal tightening in history as governments withdraw COVID stimulus will impact companies’ margins and profitability. Population decline will pose threats to economic growths. No single G7 country’s is producing new born at replacement rate. Climate problems, higher temperatures, on all continents will have a major impact for agriculture next years. We see now all vectors for an epic super-bubble because all of the assets, stocks, bonds, houses are overvalued. Right now we experience first stages with inflation and interest’s rates surge but will have sooner than later lower corporate margins and unemployment.
SP:SPN
by topfxinvest
[8 Sep] Financials Rebound [Reversal Trade]How I idealised this trade: Woke up slightly later than usual and as I tried to catch up with the market happenings, I realised that whilst the S&P500 has had a great rebound, my portfolio (mainly SPY and blue chip tech stocks) was relatively flat. Digging in further I soon realised that the financials were leading the rebound for S&P 500. I compared severable financial tickers before deciding that C has the best and most suitable setup that I'm comfortable with. I did consider an options play on this, but I'm still quite amateur at selecting strikes and expiry dates for swing plays (If anyone can kindly advise do let me know!) Entry: 49.6 Stop: 47.5 TP: 53.9 Recall that the current economic climate remains hawkish as the Fed is determined to reduce overall demand (with the increase of interest rates) to combat inflation. The overall thesis behind this is that banks will stand to benefit from rising rates in the short run, therefore a bullish outlook for the financials. Open to sharing ideas, do let me know if you have any thoughts in the comments section!
NYSE:CLong
by vincentosh
CITIGROUP - LONG TERM BULLISH SCENARIOInteresting week ahead for Citigroup The company will report earnings on 07.15.2022 before the market opens, with strong expectations for the fiscal Quarter ending Jun 2022. Also, the American multinational investment bank is near its major support level, and it is ready to test it. The $40 support was tested several times throughout the years, which formed the range of a six-year range channel. The long-term resistance is located at the $80 level. In other words, the investors may expect a 100 % possible long-term return. Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
NYSE:CLong
by legacyFXofficial
1
LONG Citigroup, most undervalued US bankReasons to buy: -one of warren buffet's recent buys -Trading below 5 year avg p/b valuations (0.80) at 0.51 -Book value of 94USD per share, fair value = 75USD per share VS current price of 46USD (63% upside) -4% dividend yield -Cheapest out of all US banks -Rising interest rates pushes up Net interest margins While slowing economic growth will curtail near-term loan growth, expect that rising interest rates, robust economic growth, and moderating inflation will provide a good tailwind for banks. These factors will lead to rising interest income, maintaining low default rates, and lowering charge offs.
NYSE:CLong
by FIRE_CAPITAL_SG
2
Rotation - After gyrationsINVESTMENT CONTEXT S&P 500 Energy Sector has registered 10-trading day decline dropping by 23.7% as fears of recession and lower demand pushed traders to liquidate longer-dated positions On June 23, all 33 of the U.S. biggest banks, some of which considered as systemically important, successfully passed the Fed's annual stress tests, confirming their ability to lend and maintain capital levels during severe economic breakdown During the summit in Brussel on June 23, Ukraine and Moldova formally received the symbolic status of "candidates" to join the European Union JPMorgan does not expect a recession to materialize over the next 12 month; according to the Bank, global growth will accelerate from 1.3% in the first half of 2022 to 3.1% in the second part of the year thanks to recovery of Chinese economy On a different note, Germany warned that Russia's move to curb natural gas deliveries to Europe could trigger an economic downfall similar to that caused by Lehman Brothers at the onset of the Great Financial Crisis Copper prices recorded 16-month low on June 23 because of growing worries about rising COVID-19 cases in China and stoking worries of a global economy recession PROFZERO'S TAKE As the world finally takes notice that there won't be a solution to the current industrial crisis unless a global strategy on energy emerges, ProfZero has witnessed the steep correction faced already by commodities just on fears of a recession. Brent crude has plunged to USD 110/boe after some bull analysts forecasted it could top its all time high at USD 147.50/boe (July 2008); iron and copper are down 30% and 17%, respectively, on a monthly basis, while also wheat prices retraced 25% from the all-time high touched on May 17. Albeit encouraging under an inflation perspective, these signs may be indicative of greater distress in commodities - hence more stringent need to quickly restructure global supply chains, particularly as soft commodities are exposed to extreme conditions (Italy drought) Growth stocks roared back on June 24, as traders unloaded Value and commodity-driven stocks repositioning in favor of the battered tech segments. ProfZero argues the move comes as investors reassess the likelihood of a recession, which would undoubtedly punish cyclical players, starting from big-ticket items (automotive, leisure operators) down to non-core consumer goods (non-food retail, handheld devices). As Growth trades still at record lows, it might be a good chance to start fishing for opportunities before the next cycle kicks-in - yet bearing in mind that within the next 2 weeks markets will still likely face volatility spikes due to June inflation reading in the U.S. (ProfZero does not expect a major slowdown yet from May's 8.6%) and Q2 earning season After Citi and Deutsche Bank located the probability of a recession in the U.S. at 50%, JP Morgan historical bull Marko Kolanovic reiterated his positive stance for a soft landing in the second half of the year, thanks to solid Chinese recovery and stabilizing geo-political conditions, including the conflict in Ukraine . As much as in May, ProfZero fails to share Mr. Kolanovic constructive tone. Although fully persuaded the war in Ukraine shall end, any tangible sign of relief for the world economy will take months to materialize. In China, President Xi has confirmed the country will achieve the 5.50% GDP growth target it set; yet, it remains to be seen then how the country will cope with its internal hurdles in real estate and rampant industrial overcapacity (steel)
by ProfZero
Don't fear the capitulationINVESTMENT CONTEXT Fed Chair Jerome Powell confirmed the key priority of the Fed is bringing down inflation, even while acknowledging that monetary policy can't address critical components like food and energy. Powell also a stated a recession is “certainly possible,” but not in the near term as the U.S. economy remains “in good shape.” Turkey's central bank is expected to hold its benchmark rate steady at 14% on June 23, after it kept interest rates deeply below zero when adjusted for inflation. Norway's Norges Bank is instead set to hike its key rate 25bps to 0.75% Russia is facing three interest payment transfers totaling almost USD 400mln on June 23-24, but more pressing is a Sunday-night deadline on previous missed payments from late May. If the country fails to make those payment - ca. USD 100mln of bond coupons - it will effectively be declared in default Global bank Citi said the probability of a recession is now approaching 50%. The Bank expects 3% growth for the world economy this year and 2.8% in 2023 U.S. President Joe Biden called for a gasoline tax holiday, in an effort to relief households from pump gasoline prices, which briefly surpassed USD 5/gallon BTC trades have entered a dangerous (4) channel with trading range set between 19-21k as volumes fail to return to the blockchain space PROFZERO'S TAKE Value investing has been the key theme across Q1 and most part of Q2 this year, as investors unloaded Growth assets whose bulk of profits are located deep into the future, hence more exposed to higher interest/discount rates. That trend is set to reverse should a recession materialize. In particular, the undisputed champions of the past 150 days, namely Oil & Gas stocks, may steeply retrace as energy demand is threatened by slowing pace of industrial expansion, particularly in China. ProfZero warned back in April that the fat dividends paid this year may dwindle in 2023 as a protracted bear market triggers a recession; consistent with that, ProfZero maintains faith in Value-like Growth stocks, which enjoy state-of the-art balance sheets; top cash generation; and most importantly excel at intangible assets and services - natural price deflators for the economy ProfZero concurs with ProfThree thinking one step ahead - demand for industrial commodities is by definition pre-cyclical, and any slowdown in the near-term should be taken as an early sign of a cooling global economy. Seeing Brent crude tumbling more than 2% just on recession concerns confirms in ProfZero a sense of unease while looking forward on Energy equities; thinking even further though, the feeling of concern permeates the post-recession recovery, whose seeds do not look planted as of yet PROFTHREE'S TAKE One of the commodities to watch this week is iron ore, which has seen a slump to USD 110/ton on June 20 after topping USD 150/ton just two weeks ago. Profs’ eyes are obviously on China (ca. 60% of global steel output), where demand seems to be under threat following the news that steel mills are cutting production in response to weakening real estate sector. ProfThree contends iron ore quotes are finally close to their fundamentally justified levels after a long period of speculation-driven pricing. Yet, a further dramatic correction could still happen since the second half of this year is expected to bring an increase in steel output from China, compensating for the 10% y-o-y output reduction in Q1 due to the Olympics-related emission restrictions. ProfThree also sees infrastructure spending and targeted fiscal as well as monetary stimulus also to prove supportive to supply, thus boosting prices
by ProfZero
Real economy beating expectations yet markets trading in red 🤔INVESTMENT CONTEXT President Vladimir Putin said that Russia was not blocking Ukrainian wheat from being exported, and that the grain could be dispatched via ports controlled either by Russia or Ukraine. Before the war, Russia and Ukraine accounted for ca. 29% of international annual wheat sales U.S. economy added 390,000 jobs in May, beating analyst expectations (325,000) and showing resilient real economy in the face of rampant inflation and higher interest rates Crude oil inventories in the U.S. fell to 414.7 million barrels in the wake of strong demand, yet limiting chances of further releases to cool domestic energy prices Goldman Sachs COO John Waldron followed JPMorgan's CEO Jamie Dimon saying “This is among if not the most complex, dynamic environment I’ve ever seen in my career". On a similar tone, in a leaked Tesla email, Elon Musk cited having a "super bad feeling" about the economy as the main reason for shedding 10% of the company's workforce PROFZERO'S TAKE When good news are met with S&P 500 dropping more than 1.50%, and Nasdaq doing even worse at 2.47% in the red, we know something is off. That's what happens when bears are in control, and policy makers are desperate to understand how far can they move with tightening before the backlash. A remarkably strong U.S. economy just added 390,000 jobs in May, beating analyst expectations and reassuring the Fed it could maintain the trajectory of 50bps rate hikes in July and August. ProfZero clearly welcomes Main Street's resilience and rising wages - yet, as anticipated in Step99 podcast, it cautions against the forward-looking effects of monetary policy vs. the actual state of the economy. As pointed out by The Economist, "A recession in America by 2024 looks likely" - today's strength of the real economy may at best soften its blow Citigroup CEO Jane Fraser sees "three R" whiplashing EU economy - rates, Russia and recession, this latter happening in Europe ahead of the U.S. because of "the energy side (...) really having an impact". ProfZero has made energy a key theme of this Parlay, with potentially more decisive effects on the real economy than monetary policy. With Brent testing again USD 120/boe and fading cushion inventories from the U.S., it is hard to imagine how the EU will cope with the next cold season without rationing output, hence slashing GDP growth. Regasification plants and last-generation nuclear are definitely tools of the future; but by then, are seaborne imports going to be enough? Equities are definitely off the lows witnessed in April and early May - perhaps Musk's "super bad feeling" and Mr. Dimon's "hurricane" are rather looming on the real economy? Not an inch less worrying... BTC once again confidently breaking up the mid-term triangle pattern and trying to regain 32k after trading below 30k on June 4-5 - and yet ProfZero's eyes are set on the lurking death cross on 200MA PROFONE'S TAKE After sharing about lithium and nickel, ProfOne completes the overview of rare minerals that are crucial for the production of batteries setting its eyes are on cobalt. Cobalt prices soared from USD 30k/ton in January to USD 52k in May - on top of the 2x surge in 2021 vs. 2020. According to the Cobalt Institute, in the next five years cobalt demand is expected to hit 320k/ton, up from 175k/ton in 2021. ProfOne argues that meeting such demand won’t be operatively easy. For once, cobalt is yet another highly concentrated resource: about 70% of world’s cobalt comes from the Democratic Republic of Congo, where production is dominated by Chinese companies and commodities trader Glencore (GLEN). Adding to it that world's second supplier of cobalt is Russia, the metals puzzle turns out to be a fairly intricate one
CME:BTC1!
by ProfZero
Citigroup - nice catch a wave hi, looking on ticker c Citigroup, I see positive move up, I don't know if it is a long wave up or a short term but, I hope that we will go to 56 USD or 60 USD. There are rates from FED to be raised and as we know banks will increase their income with the rising of them. Also the stock is undervalued, and we see that there is long term of accumulation of it and moving in the same range. Please be advised that this type of stock is one of the "biggest" one in the NYSE. In long therm I hope to gain some money on it. Like always we can see "play" of algorithms and computers - it likes to play with SME - moving average in range M15 and H1. I hope that it will help. Look on it in long term. it is not a investing advise, it is only my opinion, please do not consider it in the light of law for any advise how to invest your money, it is your risk and your luck.
NYSE:CLong
by WinterManOnTheSky
4
$XLF tons of overhead supply ; will the gaps fill?Financials on full display going into earnings . Will those GAPS fill? Keep them on your radar. #XLF #JPM #C #BAC Interest Rates continue to rise on 30 year home mortgages and the federal interest rates consumers begin feeling the pain of being both pushed out of the market and every direction they turn. In most cases higher interest rates help the banks and some could say, “higher rates drive up prices, which increase companies earnings and consumer price index ( CPI );” however, I think many are overlapping the current with past recessions. In most cases that may work – but this time isn’t like any time of our past. The amount of headwinds on the global fronts and out of control printing of debt holistically. In any case, I am cautious on banks with all the segments of their lives being impacted with oil , shipping, economic contraction, rising rates, etc. not to mention rising wages being outpaced by inflation and poverty increase by x-hundreds of thousands per month. Tons of overhead supply that could be potential opportunities for entries on rejection. WILL THE GAPS FILL? ** What happens when households cannot afford to acquire loans and it’s too late for them to refinance their homes… just food for thought.
AMEX:XLFShort
by bsdvs23
CITIGROUP: earnings coming soonNext week will be published the US most important banks earnings and among them, Citigroup is for sure the one with the best focus. In particular, the US bank is the one with higher exposition in Russia: almost 10 billion dollars. So, what can be the next scenario? I'm short on CITI due to both fundamental reason and technical reason: We are in a short trend, so basically, being trend follower, I will search for retracement to be in. CCI oscillator gives long signal plus bullish divergency on the price. This can give the necessary boost to the stock to retrace up to 56-58 dollars before getting back to its lowest price.
NYSE:CShort
by paolodambra1
2
Citigroup going to town. CShort term only. NFA Goals 66, 69. Invalidation at 57. We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in green with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe
NYSE:CLong
by Rykin_Capital
More correction in banks..!It seems Banks will correct in the coming days..! Considering their weight it will affect the S&P 500 and Dow! You can see the most important support(green line) and resistance (red line) levels. Best, Moshkelgosha DISCLAIMER I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
NYSE:GSShort
by Moshkelgosha
1