BB&T Stock has been in my portfolio for years. This regional bank has proven to be a powerhouse of profits for my portfolio.
Earnings were very good and loan growth is up which is expanding the bank’s balance sheet. However the forward guidance was not great and that is what is sinking the stock this morning. It got down to $49.75 which tells me the chance of $50 breaking is very high.
Here is an analysis of the stock and outlook as well as some trades done this morning.
The rest of this trade alert and ideas article is for FullyInformed Members.
BB&T Stock (BBT) Trade Alert for Jul 19 2018
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Disclaimer: There are risks involved in all investment strategies and investors can and do lose capital. Trade at your own risk. Stocks, options and investing are risky and can result in considerable losses. None of the strategies, stocks or information discussed and presented are financial or trading advice or recommendations. Everything presented and discussed are the author’s own trade ideas and opinions which the author may or may not enter into. The author assumes no liability for topics, ideas, errors, omissions, content and external links and trades done or not done. The author may or may not enter the trades mentioned. Some positions in mentioned stocks may already be held or are being adjusted.
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