Barclays PLC (NYSE:BCS)

Strategy Session November 9th, 2016

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  • Forexpro: ...
    Sigh. I still own a smidge of $MS, because I'm confident of the former investment bank's prospects despite the contrary evidence offered by the daily chart. Truth to tell, it has rolled over on the weekly chart, as well. So, just a smidge. However, ...
  • wanda1616: @Forexpro $MS $DB $BCS $C what next
  • Forexpro: @wanda1616 $MS $DB $BCS $C Hey, Wanda1616, Not knowing "what next" makes it more fun, doesn't it? Put clever people in contact with lots of money, and all sorts of shenanigans can ensue. As the best head trader I ever worked with responded on one of the occasions when I complained that one of his monkeys was gaffing one of my (and the bank's) most important clients: "I know he's a weasel! I want weasels working for me!" So I guess the guy was both a monkey and a weasel. So there you have it. I note that $KBE, although highly (0.87) correlated with the $SPX has been outperforming of late to a modest degree. Here's hoping that you're well, and thriving; all the best!
  • wanda1616: @Forexpro $MS $DB $BCS $C $KBE $SPX youre so kind. thank you. my ex BF was a bond trader and he used to do hiring. he told me the ONLY answer he wanted in an interview regarding why they wanted the job was : I WANT TO MAKE A LOT OF MONEY. and there is/was no accountability. lower tranches push the envelope for the higher guys and if the boom falls they (the lowers) are disposable...
  • Forexpro: Re: $BCS

    Hi, Friends,

    You probably don't own $BCS, unless you own a big international bank ETF, but Barclays is a big international bank (and a major rival in FX during my years at Lloyds Bank). However, if you look at the ADRs, you'll observe that ...
  • wanda1616: @Forexpro $BCS $XLF $GS wow youd think the computers would have matched all this up. interesting...
  • joelsg1: @Forexpro $BCS $XLF $GS The MoonWalk trade if that's still a thing, Backwards. But, forgive my ignorance, was the client made whole from the backwards trade, who I assume is different from your Bank?
  • Forexpro: @joelsg1 $BCS $XLF $GS

    Hi, Joelsg1,

    I hope that this finds you well, and thriving. The trade was transacted correctly in that both the manager who transacted the trade and I understood what he wanted to do, which as I recall was to receive JPY 30- ...
  • joelsg1: @Forexpro $BCS $XLF $GS Love those tales of yore.
  • phgruver: @Junior1 #bcs REMINDER, please use a "$" in front of the ticker. $BCS
  • Junior1: @phgruver $BCS #bcs Bear Call Spread
  • phgruver: @Junior1 $BCS #bcs Sorry.
  • Junior1: @phgruver $BCS #bcs Baja California Sur... lol
  • debeers: @Forexpro -Boris got in -Bought Barclays.$BCS
  • Forexpro: Re: $BCS

    Hi, Friends,

    A gent named Tim Throsby, who had been head of equities at $JPM, was hired away, two years ago, no doubt for a substantial sum, to run the investment bank and some U.S. businesses for $BCS. He was ousted yesterday to pretty mu ...
  • Forexpro: Re: $BCS Hi, Friends, If only the good die young, banks will live forever. From the Financial Times. Doesn't seem to be disturbing the stock unduly: "Barclays to pay $2bn to settle US mortgage mis-selling probe "Barclays has agreed to pay $2bn to settle claims it fraudulently sold residential mortgage-backed securities in the run-up to the financial crisis. "The US Department of Justice said on Thursday the investment arm of the bank had “caused billions of dollars in losses to investors” by misleading them about the quality of mortgages in 36 RMBS deals." All the best!
  • Margi1983: @Forexpro $BCS Once again, no one goes to jail . So sad that the DOJ only gets money, as jailing CEO's and top managers would be more effective in stopping future bank follies than financial settlements. Like WorldCom, Enron... put them in jail for 10 years
  • coldevinc: @Margi1983 $BCS I can list a dozen or more guys that I was hoping to see in perp walks and none of them were arrested or did time.
  • Margi1983: @coldevinc $BCS A great read .You will be even more convinced the DOJ missed the boat by not prosecuting many of the banks, and many financial leaders, "All the Devils Are Here: The Hidden History of the Financial Crisis", Bethany McLean and Joe Nocera
  • Jibes: Is the turnaround legit? $BCS. Book value is around 20$. Should we position in Financials for 2018? Read Tiger's Revenge by Claude Balls.
  • DAN: Good morning. We're looking at a flat open as traders wait for earnings numbers from:

    Monday: $HAL, $APC, $ARNC, $HAS, and $GOOGL
    Tuesday: $MCD, $GM, $AMGN, $CMG, $CAT, $T
    Wednesday: $FB, $F, $WFM, $KO, $BA
    Thursday: $UPS, $CMCSA $MA, $TWTR, $VZ an ...
  • Bridget: $BCS rising on higher volume. Weekly chart is starting to trend up with a rising 50DMA.
  • Gary: ...
    15. $BCS – breaking out on volume. ADR.
    16. $GS – less regulation. Higher rates.
    17. $MS – same
    18. $JPM – ditto
    19. $CMA – less regs are good for smaller banks.
    20. $RF – same

    Refiners:
    21. $VLO – str ...
  • orpheusredux: $BCS $RBS $LYG are uncannily similar, nearly identical charts. Whatever they will do from here, they are going to do it together. Hard not to believe the selling is overdone and the rally will continue. Currently not in but tempted. Opinions?
  • bwcarnation1: @orpheusredux $BCS $RBS $LYG $EUFN to play the group. I'm holding this etf
  • orpheusredux: @bwcarnation1 $BCS $RBS $LYG $EUFN I like this idea more than single stock risk. TY.
  • BlackDog: $BCS- Phase 2 over/ percolating, positioning for Phase 3? Long, modestly profitable position taken last week, Trail Stop set at 15% (influenced by its wild ride down) so after a nice Phase 1 ascendency the stop is sitting at 6.49- I could tighten that up a tad to 6.75 or so and rest below the previous supports; if triggered will eject me for a small loss
  • Allegria: @dan Here is my current trading portfolio as you requested $AAPL $ADBE $AIG $AMZN $AMZN $ASCGX $BCS $BMLPRI $BRKB $CBRL $COP $CSX $CVX $DBC $DON $EEM $EPD $EPD $EURL $FB $FCNTX $FCX $GLPI $GOOGL $GUSH $HD $HDS $HII $HON $HWMAX $ITA $IYT $JNJ $KRE $LMT $LYG $MAA $MCD $MDY $MO $MS $MSFT $MXL $NOC $NUGT $PM $PSX $RRC $RYOFX $SLW $SM $SMH $SPY $SSO $STZ $SWN $T $TASR $UNH $VGHCX $VGK $VTI $VWELX $WFM $WLL $WWAV $XLE $XLF $XLP $XLU $XLV $XME $XOP $YHOO
  • AB: $BCS - bought some
  • Motorman: @AB $BCS any reason why you bought, or you think just oversold?
  • AB: @Motorman $BCS - Dan's post implied the European banks might be oversold. I agreed. $BCS has some decent volume.
  • DAN: @AB $BCS I think they are oversold. Banks are going to have trouble growing profits. But a 40% haircut for BCS between last Thursday and Monday's low is a bit much.
  • dunsek: $BCS down another 21% in the pre this morning, on top of Friday's >20% loss. Had some minor seller's remorse for getting out a bit early on Friday's rebound but there's a case of be happy to catch the middle of the move, if I've ever seen one ;)
  • dunsek: $BCS Picked some up at 8.23 Not one of my stinkbids, but was down 27% and looked like it might be done going down for the moment.
  • dunsek: $BCS taking my 8% gain and going home. Not convinced yet that I want to be long it long term.
  • Paddleboard: @Aragorn Early premarket gappers Gapping up: $VA +38.2%, $ZFGN 11.9%, $EW 7.9%, $SNY 4.1%, $TSLA 3.9%, $JCP 3.5%, $ESLT 3.2%, $NVO 2.3%, $ORAN 1.7%, $AZN 1.7%, $INO 1.6%, $HA 1.6%, $BP 1.3%, $RYAAY 1.3%, $ABB 1.2%, $TOT 1.2%, $RDS.A 1.1%, $TEVA 1.1%, $SSRI 1.1%, $RIO 0.9% Gapping down: $SUNE -34.9%, $SDRL -4.8%, $BCS -4.4%, $SWHC -2.7%, $GOLD -2.3%, $PBR -2%, $HNSN -1.9%, $ALK -1.5%, $TM -1.3%, $RBS -1.3%, $FB -1.2%, $DB -1.1%, $GDX -1%, $ABX -1%, $CS -0.9%, $SAN -0.9%, $VRX -0.5% Thanks for the post
  • Jibes: $FSLR, $BCS
    Today I added a fourth of a position in FSLR as it seemed "jiggy" and in a mood to bounce. I have a half position now and will be looking to add at any move over 72. I don't really have any idea what I'm doing, just trying to ...
  • Forexpro: ...
    The Trader: “Big was good, small was bad last week … in particular, the stock market continued its 10-week rotation away from more speculative Internet stocks and small-caps, which fell, and toward more stable, large-capitalization stoc ...
  • Franky: $XLF is up but $BCS and BD are both at a lower of a channel. Is it a good buy ?
  • shrholder: $BCS - looks like a gap fill is starting in $BCS - enjoy!
  • :
  • indigo1948: @Tricia: new here and want to thank you for the most informative biotech post. I am looking at $CLDX now and it appears quite strong. Good luck with your Notre Dame - I played college ball with a ND transfer under Parseghian (dates me big time) this fellow was a great running back but couldn't see the green of the grass at ND so he came west and we roomed together. Great tradition there but they will have their hands full in the $BCS title game.
  • hopperspeed1: $MCD - I took some stock at 90.25 this am and put on a $BCS, the Nov 90/92.5 @ $0.95 Feedback anyone? @Hopper
  • eileff: Northwestern Wildcats - one of the few if only team to beat three $BCS conference teams this season.
  • rczar: michigan @ hwflier.....Believe it or not they are not as bad as they looked. ALABAMA is UnReal. That defense is one of the best I have ever seen. I agree with you, the were totally outmatched. Looks like another $BCS run for Bama.
  • taylor: $JPM, $BCS - JPMorgan (JPM) and Barclays (BCS) are among at least 7 banks receiving subpoenas regarding New York and Connecticut's investigation into manipulation of Libor, reports Bloomberg.
  • markor01: $SAN / $BCS ...Banco Santandera (sp??) and Barclays continue well...up another 5% after ECB comments
  • Chutzpah1: CMG: Would surely appreciate observations, suggestions, etc. as to how sensible writing a July $415/$425 or $420/$430 $BCS . Earning on Thursday after market. Thanks all.
  • wildfire3d: $CMG - @chutzpah1 - i dont have your answer but is $BCS stand for bull call spread or bear call spread.
  • lizwaite: $BCS Hi hooked1 Splendid idea! (my best English-type exclamation) We are on the same page #RHRN, I think. Time to make grilled cheese for my hungry little friends. Your SMM friend in risk management, :)Liz
  • gold2stocks: $PCLN - @fstern601 - No, he was not. He did draw the boxes at approximately levels on the chart if you care to go back and watch the video you could extrapolate closely from that. A SWAG would be ~=BPS 625-635 with $BCS 700-710 but again, he was not specific as to prices. G2S
  • gold2stocks: ...
    $BCS
    Barclays estimates, target raised at $UBS
    Shares of $BCS now seen reaching $17.10, according to UBS. Estimates also increased on better capital markets and lower impairment. Neutral rating.

    $EMC
    $EMC target raised at $FBR
    Shares of $F ...
  • Chutzpah1: $GOOG @ flint - Remember we discussed a $64-/$650 $BCS on Friday? Any further observations to share? Other members comments welcome. EDIT: $640/$650
  • Chutzpah1: ZAGG; $VHC @Tim S: Best medicine for the "can't help its" is to listen to smart traders like you who have learned to be patient, and, that's what I plan to do. Next week's EU calendar has me really concerned. I'll be watching as will we all. On GOOG: Have any opinion on a Dec or Jan $BCS Buy$640 Call/Sell $630 Call. $ Credit obviously looks enticing on this, an up day. From what I can tell from Resistance, that might be a trade seriously considering. Am I way off base on this thinking? Many thanks.
  • Chutzpah1: $GOOG - I'm thinking $GOOG might bounce off Resistance of $625 to the downside this coming week. Welcome any comments on a possible Jan $BCS Buy$350 Call/Sell$340 Call.
  • Dave: Re: #Greece - interestingly, large European banks are still getting the stuffing kicked out of them. $ING, UBC, $CS, $RBS, $BCS, DB, SCGLY are all butt-ugly. The banks' performance today makes me wonder what and how much has been priced into the market. Of course, the U.S. banks aren't looking better. One would expect that the stock performance of the #financials and that of the overall market will get back in sync, but will it be by the market going down or the #financials coming up? It's hard to imagine the banks doing really great in a low interest rate environment that Beard Bernanke has promised us through 2013. According to my banker friends, competition for the best corporate credits has been intense (and margins thin), also.
  • DragonFly: #Financials - Puts- I noticed heavy put buying in $AXP Jan $20.00 strike, $BCS Jan $6.00 strike, some one thinks these guys are really headed down. Same on Puts for Jan on $GG, $ABX and AUY. Trouble in paradise.
  • gold2stocks: ...
    $BCS was upgraded from Neutral to Buy, $UBS said. $13.51 price target. Risk of immediate negative impact from the $ICB has diminished.

    Cognizant Technology upgraded at Needham
    $CTSH was upgraded from Buy to Strong Buy, Needham said. Recent chan ...
  • jververis: ...
    New 52 week lows include: $ACW, $ADM, $ADVS, $AEIS, $AF, $AFAM, $AFL, $AGII, $AGO, $AIG, $AKAM, $AKS, $ALL, $ALNY, $ALR, $AMCC, $AMED, $AMKR, $AMSC, $ANAD, $ANR, $ANW, $AOL, $ARAY, $ARC, $ARI, $ARRY, $ART, $ASEI, $ASIA, $ATHX, ATPG, $AUO, $AUXL, $AV ...
  • takethemoney&run: WPRT: I see no news other than earnings Thursday after the close. Volume is not much above normal. $BCS of earnings Thursday, the company can't comment even if it knows something. (fwiw: volume overall is above average but not "climax-like" - not overwhelming. At least not yet.)
  • gamiller: $BCS ESPN $S VT - Go Hokies!!!
  • wachholder: $BAC Taylor The better bank play today was $BCS, there were put sellers in the June 2011, $18 contracts I think that is a better way to short puts into strength. GL Wachholder
  • gatordave: hwyflyer - $GS does have mortgage exposure. According to Barrron's the top 11 banks with mortgage exposure totaling $133.8B if mortgage securities are put back to them are: Ticker Estimated Loss Per Share % of Tangible Book (bil) 1. $BAC 35.2 2.11 17 2. $JPM 23.9 3.59 13 3. DB 14.1 12.50 21 4. $GS 11.2 12.45 11 5. $RBS 9.4 0.10 12 6. $CS 8.9 4.50 22 7. $UBS 8.4 1.32 15 8. $MS 7.9 3.37 14 9. $C 7.8 0.16 4 10. $BCS 3.6 0.18 3 11. $HSBC 3.5 0.22 2 No positions and really not interested in #financials at this time. GatorD
  • debrup: @Miki stocks gapping down: In reaction to disappointing earnings/guidance/SSS: $IKAN -23.9%, $OCR --17.9%, $CNW -11.4% (also downgraded to Equal Weight from Overweight at boutique firm), $UNTD -8.8% (also downgraded to Accumulate at @Craig-Hallum), $JACK -8.0%, $BCRX -7.0%, UDRL -6.8%, $AINV -6.6%, $SD -6.1%, $ARO -6.0%, $WNR -5.2%, $MELI -5.2% (also downgraded to Accumulate at @Craig-Hallum), $UL -4.8%, $GCA -3.6% (light volume), $HIG -3.5% (also files automatic mixed shelf), $BCS -3.3%, MFN -3.2%, $TSLA -3.1%, $CENT -3.1% (light volume), $GHDX -2.5%, $ONNN -2.2%, $GOLD -2.1%, $WPRT -2.0%, EXM -2.0% (light volume), $AUY -1.7%.
  • ssguy: European Banks - Seeing big snapback in some of the banks overseas on the news @ForexPro brought up about lower than expected bank lending. STD (went long this morning on the gap up), SCGLY, $BCS, BNPQY. Aside from $NBG (National Bank of #Greece), looks all green.
  • jasper: You say potayto, I say potahto. Here's a list of stocks/ADR's and an index that closed below their 20 day BB lower band Friday on above average volume. Are they gonna bounce Monday or continue their fall? $XME, $CE, $MA, $CNI, $ITMN, $RHT, $AON, $KSS, JOYG, $CREE - a SMM favorite at times -, $VLTR, $MBT, $BCS, $AEE, $ANF, $VECO, $TYC, $APA, HPQ. Just offering a variant view. Not making a call one way or the other. Some could bounce back big, some will possibly keep tailing off.
  • markofny: $APA Went long on this one. Seems to be recovering slowly. Is anyone else taking this action? DB, $BCS Those two have low trading volumes but both are their low points. Made good money since the last time DB was near 70 a few weeks ago. Went long on $BCS for now with a small position.
  • woodsidejedi: Hi All, this is officially my first post to the forum. I've been following $BCS and $GNW as well as a slew of other #financials. Right now both look like great low risk entry points. Any comments? Thank you all
  • Suzie: Trading higher: FNM +5.4%, $CSX +4.8% (guidance), $GCOM +3.6% (earnings). Trading lower: LEH -31.4% (continued fears over its fate, downgrades), $LULU -7.3% (earnings), $FSLR -4.8%, $NVDA -4.5% (Lehman downgrade), $RDN -4.1%, $FCX -3.8%, $BHP -3.4%, $ALU -3.3%, $SOL -2.9%, $GM -2.1% (DB cuts estimates). #Financials lower on continued fears over duration of global credit crisis: MER -10.9%, $WM -10.3% (NY Times DealBook comments), PMI -9%, $AIG -6.4%, ABK -6.2%, $UBS -6.1%, FRE -6%, WB -5.5%, $BCS -5.3%, $ING -5.2%, $RBS -5.2%, $MS -4.5%, DB -4.3%, $BAC -4.2%, $ETFC -3.9%, $CS -3.8%, $C -3.3%, $HBC -3.2%, $GS -3%.
  • iancleghorn: There is a cluster of nice looking charts in the Foreign Regional Bank group. BBV # Argentina $IRE Ireland $KB South Korea $BCS UK $SHG South Korea $BBD Brazil @Ian
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Stock Price $9.45
Change 0.32%
Volume 22,363,400

Barclays PLC is a financial services provider. It offers retail banking, credit cards, corporate and investment banking, and wealth management with an extensive international presence.

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