I am still seeing a number of the mortgage REIT players and closed end, high-yield funds on the screens. Outside of these themes, which are well know, a number of financial names are also hitting the screens and making the final list. I think this is one sector to watch, as the sell off off the top, despite better earnings, may indicate worry on the part of investors.
Calumet Specialty Product Partners- CLMT is a weaker volume off the high and is down on no news. That is unless you consider Cramer's lightning round recommendations news.
Eaton Vance Senior Floating Rate Note Trust- EFR is another closed end fund getting caught up in the selling with other high yielders
Nuveen Premium Income Muni Opportunity Fund- NPX is yet another closed-end fund selling off
Texas Capital Bancshares- TCBI. The closet news item I can find on TCBI is that one CNBC commentator believed the stock was stretched.
Royal Gold- RGLD Although this is a weaker volume off the high, this is nonetheless still interesting, as it is the one of the best/most leveraged companies (to the price of gold that is) in the gold space. The shares were down on a secondary offering.
Webster Financial- WBS was down despite earnings beating estimates by $0.02. This also jives with........
.... Wells Fargo- WFC gapped down on volume and is coming off the high. This is despite reporting better-than-expected earnings. This could be an indication that the financials are getting stretched.
Calumet Specialty Product Partners- CLMT is a weaker volume off the high and is down on no news. That is unless you consider Cramer's lightning round recommendations news.
Eaton Vance Senior Floating Rate Note Trust- EFR is another closed end fund getting caught up in the selling with other high yielders
Nuveen Premium Income Muni Opportunity Fund- NPX is yet another closed-end fund selling off
Texas Capital Bancshares- TCBI. The closet news item I can find on TCBI is that one CNBC commentator believed the stock was stretched.
Royal Gold- RGLD Although this is a weaker volume off the high, this is nonetheless still interesting, as it is the one of the best/most leveraged companies (to the price of gold that is) in the gold space. The shares were down on a secondary offering.
Webster Financial- WBS was down despite earnings beating estimates by $0.02. This also jives with........
.... Wells Fargo- WFC gapped down on volume and is coming off the high. This is despite reporting better-than-expected earnings. This could be an indication that the financials are getting stretched.
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