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Search resuls for: "outperforming Bank"


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Shares of Citigroup (C) have far outpaced the major equity benchmarks in 2024, gaining around 22% year-to-date versus the S & P 500's 13%. Soon after, the stock broke above its 40-week moving average, validating the strength of the rally off the October low. Then in February 2024, the stock pushed above the 150-week moving average, validating the strength and persistence of the uptrend phase. The weekly PPO indicator has since registered a sell signal, indicating that the previous uptrend phase is likely terminated. But a failure to regain the 50-day moving average in early June would mean the previous uptrend phase is most likely exhausted.
Persons: David Keller Organizations: Citigroup, RSI, CMT
A new stock pick from the 93-year-old Buffett almost always leads some investors to follow suit, quickly moving the share price. Berkshire has been a longtime shareholder in credit rating agency Moody's , and bought a big stake in Citigroup in early 2022. The last financial stock Berkshire bought was Capital One Financial in the first quarter of 2023. If the new stake ever exceeds 5% of whatever stock it is, Berkshire would be required to report its holding with the SEC. Buffett might be asked to reveal the identity of the mystery stock at Berkshire's annual shareholder meeting in early May.
Persons: Warren Buffett, Berkshire Hathaway, Buffett, Todd Combs, Ted Weschler, Berkshire's, Goldman Sachs, David Kass, University of Maryland's Robert H, Jamie Dimon, Kass, there's Organizations: Berkshire, The Securities, Exchange, Chevron, Verizon, Apple, Buffett, Bank of America, American Express, Citigroup, Mastercard, Visa, JPMorgan, U.S . Bancorp, Bank of New York Mellon, University of Maryland's, Smith School of Business, outperforming Bank, SEC Locations: Omaha, Berkshire, McLean, Va, Wells, outperforming
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