Ally Financial Inc
NYSE: ALLY
$37.86
+$2.64 (+7.5%)
Closing Price on November 6, 2024
ALLY Articles
Jon OggStocks were indicated higher on Wednesday ahead of the pending FOMC decision on interest rates. Tuesday’s rally was yet another instance where investors proved that they want to buy stocks...
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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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