Wal-Mart Stores, Inc. (NYSE:WMT) and Bank of America Corporation (NYSE:BAC) Is Expected To Be One Of The Most Active Stocks
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Bank of America Corporation (NYSE:BAC) is expected to show strong
rally in today’s market as Paulson &
Co., the hedge fund run by billionaire John Paulson, bought 168 million shares
of Bank of America in the second quarter, a regulatory filing showed, becoming
the lender’s fourth-largest shareholder. In the previous trading session, it
closed at $15.93 and in the pre market trading BAC is trading up 5.78% at $16.85.
So far in the current the stock has surged about 20%.
Wal-Mart Stores, Inc. (NYSE:WMT) is one the top stock on watch
list as the company is projected to post
second-quarter earnings of 86 cents a share. In the last 52 weeks the stock is
trading within a range of $46.25-63.85. In the previous trading session, the
stock closed at $50.51.
Citigroup Inc. (NYSE:C) is the stock is expected
to see continue volatility. Shares of Citigroup Inc. rose nearly 8 percent
Wednesday, the stock's highest close in three months. The rise in Citigroup
shares and other financial stocks helped lead the stock market higher
Wednesday as investors welcomed a slightly more upbeat tone from the Fed on the
economy. Citigroup shares have jumped 54 percent in the last month as investors
bet big banks will see better business as the economy improves. The stock has
more than quadrupled since it slid below $1 in early March
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