Ally Financial Inc
NYSE: ALLY
$34.48
-$0.48 (-1.4%)
Closing Price on September 20, 2024
ALLY Articles
Over the past five years, there has been a resurgence in initial public offerings. Many companies with IPOs in the past few years continue to bleed cash at alarming rates.
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Tuesday's top analyst upgrades, downgrades and initiations include Ally Financial, Corning, Enterprise Product Partners, Kinder Morgan, Twitter and Aerie Pharmaceuticals.
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Given that we are now trading at a historically high 18 times trailing earnings, if yields spike higher on any whiff of inflation and rate increases, we could be in for a nasty correction.
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