SBNY May Be the Best Bank in the World

Friday was an interesting day for the market. Thanks to the strong jobs report and comments from Mario Draghi, investors lifted the S&P 500 back over 2,090. I was invited to be on CNBC’s Trading Nation on Friday afternoon, but the televised part was bumped due to the dramatic news conference held by police in San Bernardino. (The other clips we did are on CNBC’s website here, here and here.

A few items from our Buy List. On Thursday, Express Scripts (ESRX) increased the authorization of its stock buyback program by 60 million shares. The company now has approval to buy back 265 million shares of its own stock.

Oracle (ORCL) said it will report earnings December 16. That will be the final Buy List earnings report of this calendar year.

I also liked this piece on why Signature Bank (SNBY) may be the best bank in the world.

The kind folks over at Expecting Alpha took a closer look at our 2016 shopping list.

Posted by on December 7th, 2015 at 10:13 am


The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.