Hot Bank Stocks To Own Right Now

tags:AP,WFC,FCF,HSBA,

New York, NY, based Investment company Levin Capital Strategies, L.p. buys American International Group Inc, AT&T Inc, Corning Inc, Whirlpool Corp, PG&E Corp, General Motors Co, Treehouse Foods Inc, Bank of America Corporation, Post Holdings Inc, Nokia Oyj, sells Tyson Foods Inc, Cott Corp, Monsanto Co, General Electric Co, Chubb during the 3-months ended 2017-12-31, according to the most recent filings of the investment company, Levin Capital Strategies, L.p.. As of 2017-12-31, Levin Capital Strategies, L.p. owns 299 stocks with a total value of $5.9 billion. These are the details of the buys and sells.

New Purchases: WHR, PCG, GT, TXT, KAMN, KS, MINT, AET, FG, EAT, Added Positions: AIG, T, GLW, GM, THS, BAC, POST, NOK, UTX, LOW, Reduced Positions: COT, MON, GE, CB, QCOM, VZ, STX, INTC, MCRN, PFE, Sold Out: TSN, NLSN, HUBB, COL, CLNS, UPL, M, MBI, JD, ISBC,

For the details of LEVIN CAPITAL STRATEGIES, L.P.'s stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=LEVIN+CAPITAL+STRATEGIES%2C+L.P.

Hot Bank Stocks To Own Right Now: Ampco-Pittsburgh Corporation(AP)

Advisors' Opinion:

• [By ]

  In this Aug. 7, 2018, file photo the Samsung Galaxy Note 9 is shown in New York. (Photo: AP)

  If you're not willing to switch or add a line, trading in your current phone could give you sizable discounts, particularly right now when values are boosted to entice people to upgrade to the latest iPhone, Galaxy or Android phone.

• [By Logan Wallace]

  Get a free copy of the Zacks research report on Ampco-Pittsburgh (AP)

  For more information about research offerings from Zacks Investment Research, visit Zacks.com

• [By ]

  Mexico City (AP) -- A powerful magnitude-7.2 earthquake shook south and central Mexico Friday, causing people to flee swaying buildings and office towers in the country's capital, where residents were still jittery after a deadly quake five months ago.

Hot Bank Stocks To Own Right Now: Wells Fargo & Company(WFC)

Advisors' Opinion:

• [By ]

  The only bank Cramer would avoid is Wells Fargo (WFC) , which could still see more big fines coming from its fraudulent account scandals.

  Executive Decision: Taylor Morrison Homes

  In his second "Executive Decision" segment, Cramer sat down with Sheryl Palmer, chairman, president and CEO of Taylor Morrison Homes (TMHC) , for a read on the state of the housing market.

• [By Stephan Byrd]

  Prudential Financial Inc. cut its holdings in shares of Wells Fargo & Co (NYSE:WFC) by 11.4% during the first quarter, HoldingsChannel.com reports. The fund owned 9,940,464 shares of the financial services provider’s stock after selling 1,281,633 shares during the period. Wells Fargo & Co accounts for approximately 0.8% of Prudential Financial Inc.’s portfolio, making the stock its 15th largest position. Prudential Financial Inc.’s holdings in Wells Fargo & Co were worth $520,980,000 as of its most recent filing with the Securities & Exchange Commission.

• [By Matthew Frankel]

  To illustrate some of these points, as well as some other reasons Buffett and the rest of Berkshire's team may be inclined to sell stocks, here are a few examples from the company's history:

  IBM (NYSE:IBM): Berkshire had been gradually unloading its IBM stake for some time, and Buffett confirmed that the last of the shares were sold during the first quarter of 2018. In a nutshell, Buffett says he misjudged IBM's competitive challenges, and as a result, it has revalued the stock lower. This is a prime example of the concept of "when your original thesis no longer applies, get out." Wells Fargo (NYSE:WFC): Berkshire has sold some of its Wells Fargo stock in recent quarters, and you might assume it has something to do with the bank's infamous "fake accounts" scandal. But you'd be wrong. Buffett has said several times that he intends to stick with Wells Fargo, but regulatory rules prevent him from owning more than 10% of the bank's shares. The recent sales were solely to remain under that threshold. Freddie Mac (NASDAQOTH:FMCC): Many newer Berkshire investors are surprised to hear that Buffett was ever a fan of mortgage giant Freddie Mac, but Berkshire owned 9% of the company's shares in the late 1990s. Berkshire made lots of money on the investment, but Buffett started to see troubling signs -- specifically, the company was taking on far too much risk to keep its earnings growing at a double-digit rate. Buffett ended up selling all of Berkshire's Freddie Mac shares by 2000, and we all know what happened during the mortgage meltdown -- there's a reason Freddie Mac is a penny stock today. ExxonMobil (NYSE:XOM): Until late 2014, Berkshire was one of ExxonMobil's largest shareholders. However, Buffett realized that oil prices weren't likely to stay as high as he originally thought, so Berkshire's entire stake was abruptly sold. Goldman Sachs (NYSE:GS): Warren Buffett's preferred uses for Berkshire Hathaway's capital are to acquire entire businesses and buy common
• [By Matthew Frankel]

  After Wells Fargo's (NYSE:WFC) fake-accounts scandal was revealed in 2016, Buffett said that the bank remained a compelling long-term investment and that he had no plans to sell any of Berkshire's massive stake. At last year's meeting, Buffett reiterated that while the bank made a big mistake by incentivizing cross-selling, it still was a great company.

• [By Matthew Frankel, CFP]

  Wells Fargo (NYSE:WFC) has been rocked by a series of scandals and penalties in recent years, and its recent results have been disappointing, to say the least. In the second quarter, for example, the bank revealed that its deposit base and loan portfolio both contracted, while most other banks experienced impressive growth.

Hot Bank Stocks To Own Right Now: First Commonwealth Financial Corporation(FCF)

Advisors' Opinion:

• [By Logan Wallace]

  Get a free copy of the Zacks research report on First Commonwealth Financial (FCF)

  For more information about research offerings from Zacks Investment Research, visit Zacks.com

• [By Joseph Griffin]

  Get a free copy of the Zacks research report on First Commonwealth Financial (FCF)

  For more information about research offerings from Zacks Investment Research, visit Zacks.com

• [By Ethan Ryder]

  Get a free copy of the Zacks research report on First Commonwealth Financial (FCF)

  For more information about research offerings from Zacks Investment Research, visit Zacks.com

• [By Joseph Griffin]

  Get a free copy of the Zacks research report on First Commonwealth Financial (FCF)

  For more information about research offerings from Zacks Investment Research, visit Zacks.com

Hot Bank Stocks To Own Right Now: HSBC Holdings PLC (HSBA)

Advisors' Opinion:

• [By Max Byerly]

  HSBC Holdings plc (LON:HSBA) has received an average recommendation of “Hold” from the sixteen analysts that are covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, ten have issued a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is GBX 768.33 ($9.80).

• [By Ethan Ryder]

  HSBC (LON:HSBA) had its price target dropped by equities research analysts at Citigroup from GBX 810 ($10.78) to GBX 800 ($10.65) in a report released on Tuesday. The brokerage currently has a “buy” rating on the financial services provider’s stock. Citigroup’s price target points to a potential upside of 9.59% from the stock’s previous close.

• [By Max Byerly]

  HSBC (LON:HSBA) was upgraded by equities research analysts at Credit Suisse Group to a “neutral” rating in a research report issued to clients and investors on Thursday. The firm presently has a GBX 720 ($9.38) target price on the financial services provider’s stock, up from their previous target price of GBX 680 ($8.86). Credit Suisse Group’s price target suggests a potential upside of 5.82% from the company’s previous close.

• [By Stephan Byrd]

  Morgan Stanley set a GBX 855 ($10.91) price target on HSBC (LON:HSBA) in a research note issued to investors on Tuesday. The brokerage currently has a buy rating on the financial services provider’s stock.