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Top related persons:
D.A - 1 Davidson - 1 Rudy Kessinger - 1 Goldman Sachs - 1 Manuel Navas - 1 Gary Tenner - 1
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CrowdStrike Holdings - 1 Financial - 1 . Corp - 1 Axos - 1 Axos Bank - 1 Tractor Supply - 1 Microsoft - 1

Search resuls for: "Gary Tenner"


5 mentions found


☆ These are D.A. Davidson's favorite stocks for the fourth quarter
  + stars: | 2023-09-28 | by ( Pia Singh | ) www.cnbc.com   time to read: +2 min
Davidson listed its favorite long-term plays, giving investors a way to stick it out as markets face a tough month and quarter. Equities have dropped in recent months as investors worry about the possibility — and impact — of persistent interest rate hikes. As of Wednesday's close, the S & P 500 is slated to finish the month down 5.2% and the quarter is off by about 4%. The stock has seen some of the highest year-to-date gains on the list, up more than 54% in 2023. The stock has plunged nearly 19% so far this year, putting it at an attractive entrypoint for long-term gains, according to the firm's investment philosophy.
Persons: D.A, Davidson, Rudy Kessinger, Goldman Sachs, Manuel Navas, Gary Tenner Organizations: CrowdStrike Holdings, Financial, . Corp, Axos, Axos Bank, Tractor Supply, Microsoft
☆ Analysts warn regional banks stocks are in a 'negative feedback loop' and detached from fundamentals
  + stars: | 2023-05-04 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com   time to read: +3 min
The latest drop for regional bank shares is causing some Wall Street analysts to back away from their recommendations on the stocks, even if they still believe in the underlying fundamentals for the companies. Other regional banks also sold off, including a 19% drop for Western Alliance. The deposit update was not enough to reassure all Wall Street analysts about the health of regional banks, and there is concern that the drops in the stocks could reignite deposit flight. Meanwhile, RBC Capital Markets' analyst Jon Arfstrom stuck with his outperform rating on PacWest, but said only investors with strong stomachs should stick around. Western Alliance Another bank stock that has taken heavy loses in recent weeks is Western Alliance .
☆ In times of crisis these stocks are a 'core holding,' analysts say
  + stars: | 2023-04-01 | by ( Michael Bloom | ) www.cnbc.com   time to read: +6 min
They include: Costco, Estee Lauder, Pacific Premier Bancorp, ON Holding and Phillips 66. Still, with Pacific Premier shares down 23% this year, Tenner said investors should take advantage of the buying opportunity. "Pacific Premier is, in our view, a long-term core holding for institutional investors," Tenner said. ... .We still view PSX as a long-term core holding in energy. PPBI is, in our view, a long-term core holding for institutional investors.
☆ Pacific Western Bank raises $1.4 bln, says deposits have stabilized
  + stars: | 2023-03-22 | by ( ) www.reuters.com   time to read: +2 min
March 22 (Reuters) - Pacific Western Bank (PACW.O) said on Wednesday it had raised $1.4 billion from investment firm Atlas SP Partners as regional banks rush to contain the fallout of a recent collapse of two mid-sized lenders. The bank said deposits insured by the Federal Deposit Insurance Corporation, including accounts eligible for pass-through insurance, exceeded 65% of its total deposits, as of March 20. Total deposits at the bank fell 20% to $27.1 billion from $33.9 billion as of Dec. 31. "The update that put out today versus the update that put out last Friday, the read on it is a little bit more negative," Tenner said. Reporting by Jaiveer Shekhawat and Manya Saini in Bengaluru; Editing by Pooja DesaiOur Standards: The Thomson Reuters Trust Principles.
☆ Davidson upgrades PacWest shares to buy as bank stock continues to crater another 37%
  + stars: | 2023-03-13 | by ( Hakyung Kim | ) www.cnbc.com   time to read: +2 min
PacWest Bancorp shares continued to crater on Monday amid fears of contagion from the Silicon Valley Bank failure , prompting Davidson to say the sell-off represents a more attractive entry point for buyers. Citing the 54% decline in PacWest's stock on Thursday and Friday, Davidson upgraded shares to buy from neutral, while lowering its price target to $29 from $31. PACW 5D mountain PacWest shares have plunged after the SVB failure The Silicon Valley Bank failure has sent shockwaves through technology companies and venture capital firms, many of which had deposited their funds in the now-defunct bank. Tenner noted that PacWest's venture capital related deposits, currently 33% of its total deposits, have declined 27% from the end of 2021. PacWest stock has fallen about 72% during the past 12 months.
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