10 Best Bank Stocks For 2017

Welcome to the latest edition of the Energy Recap. This week, we want to start off with a couple of charts from the most recent update of the Haynes And Boone "Bank Oil Patch Bankruptcy Monitor" report.

Click to enlarge

Source: Haynes And Boone "Bank Oil Patch Bankruptcy Monitor."

Click to enlarge

10 Best Bank Stocks For 2017: Seres Therapeutics, Inc.(MCRB)

Advisors' Opinion:

• [By Lisa Levin]

  Seres Therapeutics Inc (NASDAQ: MCRB) shares dropped 70 percent to $10.69 after the company reported interim results from SER-109 Phase 2 ECOSPOR study in multiply recurrent clostridium difficile infection. The study did not achieve primary endpoint.

10 Best Bank Stocks For 2017: Barnes Group, Inc.(B)

Advisors' Opinion:

• [By Dave and Donald Moenning]

  For those investors that like the comfort generally provided by a diversified portfolio, here's an idea that will allow you to (a) maintain a diversified allocation in your portfolio and (b) stay out of trouble when the big, bad bears come to call on an asset class or two.

10 Best Bank Stocks For 2017: L-3 Communications Holdings, Inc.(LLL)

Advisors' Opinion:

• [By Ben Levisohn]

  The fifteen stocks that Bianco contends could benefit from a trump win are: Johnson & Johnson (JNJ),�Pfizer (PFE),�Medtronic (MDT), Northrop Grumman (NOC), L-3 Communications (LLL), Halliburton (HAL), Dow Chemical (DOW), Duke Energy (DUK), For Motor (F), Martin Marietta Materials (MLM), Verizon Communications (VZ), Comcast (CMCSA),�Charles Schwab (SCHW), Wells Fargo (WFC), Delta Air Lines (DAL).

• [By Peter Graham]

  A long term performance chart shows ViaSat, Inc along with mid to large cap communications stocks�like�Harris Corporation (NYSE: HRS) and L-3 Communications Holdings, Inc (NYSE: LLL)�giving roughly the same performance until recent weeks�while small cap Gogo Inc has been underperforming:

10 Best Bank Stocks For 2017: BlackBerry Limited(BBRY)

Advisors' Opinion:

• [By Chris Lange]

  BlackBerry Ltd.�(NASDAQ: BBRY) is set to report its fiscal second-quarter results on Wednesday. The analysts�� consensus estimates are�a net loss of $0.05 per share and $393.75 million in revenue. Shares were changing hands at $7.91�on�Friday��s close. The consensus price target is $7.42, and the 52-week range is�$5.96 to $9.46.

• [By Alex Dumortier, CFA]

  This Berry is bleeding fast
  Twice over the course of the last six weeks, I warned investors away from BlackBerry (NASDAQ: BBRY  ) shares. On Sep. 4, I wrote:

• [By Lisa Levin]

  
  Benzinga's newsdesk monitors options activity to notice unusual patterns. These large volume (and often out of the money) trades were initially published intraday in Benzinga Professional . These trades were placed during Monday's regular session.

  United Natural Foods, Inc. (NASDAQ: UNFI) Jul16 40.0 Calls: 900 @ ASK $1.85: 2042 traded vs 24 OI: $39.15 Ref BlackBerry Ltd (NASDAQ: BBRY) Aug16 8.0 Calls: 4000 @ ASK $0.27: 4028 traded vs 595 OI: Earnings 6/23 Before Open $7.38 Ref Starbucks Corporation (NASDAQ: SBUX) Fri 7/22 $56.0 Calls (Wkly) Sweep: 967 @ ASK $1.31: 7682 traded vs 44 OI: Earnings 7/28 $55.21 Ref MGM Resorts International (NYSE: MGM) Jun16 25.0 Calls: 813 @ ASK $0.21: 11k traded vs 2719 OI: $24.01 Ref Eagle Pharmaceuticals Inc (NASDAQ: EGRX) Jul16 40.0 Calls: 500 @ Above Ask! $8.30: 500 traded vs 0 OI: $41.88 Ref

  Posted-In: Call optionsNews Options Markets

10 Best Bank Stocks For 2017: Illinois Tool Works Inc.(ITW)

Advisors' Opinion:

• [By WWW.THESTREET.COM]

  There are lots of stories like that out there these days. People were perplexed about the Illinois Tool Works (ITW) and Cummins Engine (CMI) and Caterpillar (CAT) quarters, but they turned out to be classic buying opportunities after years of being sell opportunities if the stocks had run. I can't explain to you how amazing that is. Here are three stocks that have spent months and months in purgatory when they have missed or guided down or slashed forecasts. Now they are up gigantically.

• [By Ben Levisohn]

  Technology and Industrials are our favorite ways to buy cyclical MO. Specifically, we see the Technology Select Sector SPDR ETF (XLK) as an attractive pre-breakout idea and a likely candidate to lead the S&P��s secular advance over the coming years. Buy ideas at the stock level include: Accenture (ACN), Broadcom (AVGO), Microsoft , Texas Instruments (TXN),�Visa (V),�Yahoo! (YHOO). We also recommend buying the Industrial Select Sector SPDR ETF (XLI) which is reversing its year-long downtrend and in position for new highs over the coming months, in our view. Buy ideas at the stock level include: Honeywell International, Ingersoll-Rand (IR), Illinois Tool Works (ITW), 3M, Southwest Airlines (LUV), Xylem (XYL). Underlined stocks are fundamentally-rated Outperform at Oppenheimer.

10 Best Bank Stocks For 2017: Mitcham Industries Inc.(MIND)

Advisors' Opinion:

• [By Monica Gerson]

  Mitcham Industries, Inc. (NASDAQ: MIND) is projected to post a quarterly loss at $0.36 per share on revenue of $10.99 million.

  Sinovac Biotech Ltd. (NASDAQ: SVA) is expected to post its quarterly earnings.

10 Best Bank Stocks For 2017: Citigroup Inc.(C)

Advisors' Opinion:

• [By Ben Eisen var popups = $(".socialByline .popC"); ]

  The KBW Nasdaq Bank Index is up 2.8%�shortly after the opening bell, compared with a 1% rise in the S&P 500. J.P.Morgan Chase (JPM) & Co. is the fourth�best performer in the S&P 500 today, up 5.5%, while Citigroup Inc.(C) is up 5%. The other four major U.S. banks were all up more than 2%.

• [By Lawrence Meyers]

  The big winning sector was finance, which saw earnings rise 30% on an increase of 8.5% in revenues. Banks like Citigroup (C) and JPMorgan Chase (JPM) have bounced back very strongly from the financial crisis, while banks like U.S. Bancorp (USB) continue to make inroads, and impress with good management. So these guys are all benefiting from their diversified streams of revenue generation, and strong revenue from B2B services.

• [By Ben Levisohn]

  Credit Suisse analyst Susan Roth Katzke and team call Citigroup’s (C) earnings “solid results in a challenging quarter with progress on moving this franchise forward.” The offer the highlights…and the lowlights:

  timothy a. clary/Agence France-Presse/Getty Images

  Citigroup reported 1Q16 EPS of $1.10��making it 3 for 3 of the “money center” banks meeting/exceeding bottom line expectations (Consensus was at $1.03; CS Research was at $1.00). Upside was revenue driven with Citi Holdings revenues a good bit above our estimate (gains); the dollar amount of expenses was in line despite those higher revenues (and inclusive of stepped up investment spend in the consumer bank); credit costs a bit higher than forecast, but not surprising (reserve build; higher C&I losses). Bottom line: solid results in a challenging quarter with progress on moving this franchise forward.

  Highlights: earnings upside was revenue-driven, largely Citi Holdings (gains on sales); in ICG��private banking and FICC trading were above forecast w/expenses lower; overall expense mgmt. good, all the more so with stepped up investment spending in the GCB. Holdings showed further progress on strategic initiatives (so much so that the unit will be folded into the whole at year end 2016��we like this move); $1.6bn use of DTA; strong CET 1 ratio (12.3%), the latter providing all the more capacity for capital return in the 2016 CCAR cycle.

  Lowlights: lack of reported Global Consumer revenue momentum–we’ve had our eye on this, understanding the cost of restructurings and the lag time between stepped up investment spending and net organic growth��we note the loan and deposit growth. In ICG�� trading weakness was to be expected; results were in line w/forecast (FICC stronger; equities a bit weaker); M&A weaker. In terms of credit�� costs were a bit above forecast, with loss rates ticking higher (note commercial/ICG in particul

10 Best Bank Stocks For 2017: Euro FX(P)

Advisors' Opinion:

• [By Paul Ausick]

  Pandora Media Inc. (NYSE: P) reported third-quarter results after markets closed Tuesday. For the quarter, the Internet radio company posted an adjusted diluted net loss per share of $0.07 on revenues of $351.9 million. In the same period a year ago, the company reported a net loss of $0.11 on revenues of $311.56 million. Third-quarter results compare to the consensus estimate for a net loss of $0.06 on $366.33 million in revenues.

• [By Jon C. Ogg]

  Pandora Media Inc. (NYSE: P) is supposed to be under a brand new chief executive officer, and we noted recently about waves and waves of insider selling. Now we are getting word that Pandora plans to increase its float with a secondary stock offering.

• [By Monica Gerson]

  Pandora Media (NYSE: P) announced its plans to sell 14 million shares of common stock, including 4 million shares from current stockholders. Pandora shares tumbled 4.54% to $22.90 in the after-hours trading session.

• [By WALLSTCHEATSHEET.COM]

  Pandora is an Internet radio company that attempts to match listeners with their preferences in order to discover music they love. The company has just revealed who the new CEO of the company will be. The stock has been rising higher in recent quarters and is now trading at highs for the year. Over the last four quarters, earnings have been mixed while revenues have been rising, however, investors have expected more from the company. Relative to its peers and sector, Pandora has been a year-to-date performance leader. Look for Pandora to continue to OUTPERFORM.

• [By Monica Gerson]

  Pandora Media (NYSE: P) surged 3.57% to $26.56. The volume of Pandora shares traded was 554% higher than normal. Pandora priced an underwritten public offering of 18,200,000 shares of its common stock at a price of $25.00 per share.

• [By Douglas A. McIntyre]

  Several�very well-known apps are not on either top five list, but�each must get millions of downloads a month. Twitter, weather apps, Pandora Media Inc. (NYSE: P), eBay Inc. (NASDAQ: EBAY), Gmail, Pinterest, Amazon.com Inc. (NASDAQ: AMZN), Skype and Groupon Inc. (NASDAQ: GRPN) already rule across the PC, tablet and smartphone “ecosystems.” None of these is likely to lose popularity, and some probably will gain more.

10 Best Bank Stocks For 2017: Sphere 3D Corp.(ANY)

Advisors' Opinion:

• [By Monica Gerson]

  Sphere 3D Corp. (NASDAQ: ANY) is estimated to post a quarterly loss at $0.11 per share on revenue of $22.10 million.

  RXi Pharmaceuticals Corp (NASDAQ: RXII) is expected to post a quarterly loss at $0.05 per share.

10 Best Bank Stocks For 2017: National Steel Corporation(SID)

Advisors' Opinion:

• [By Lisa Levin]

  In trading on Thursday, basic materials shares fell by 0.45 percent. Meanwhile, top losers in the sector included Companhia Siderurgica Nacional (ADR) (NYSE: SID), down 13 percent, and Dominion Diamond Corp (NYSE: DDC), down 9 percent.

• [By Lisa Levin]

  Monday afternoon, basic materials shares gained 1.02 percent. Meanwhile, top gainers in the sector included Olympic Steel, Inc. (NASDAQ: ZEUS), and Companhia Siderurgica Nacional (ADR) (NYSE: SID).

• [By Lisa Levin]

  On Thursday, basic materials shares rose by 3.08 percent. Top gainers in the sector included Cliffs Natural Resources Inc (NYSE: CLF), Companhia Siderurgica Nacional (ADR) (NYSE: SID), and Teck Resources Ltd (USA) (NYSE: TCK).