WFC

fufm

Man I am shocked how well some of these industrial stocks have held up thru this. DE in particular just looks like nothing has happened. Frankly it appears to be loading up for a breakout thru 390. Value is gonna be the name of the game here for a while. May want to start planting some small seeds while everyone else is panicking. Financials btw another great area to look at. Looking at WFC you wouldn’t even know this crash shit was even happening

geoguurrr

Bought yesterday’s dip on WFC am happy with and and still holding. I think WFC gonna moon power hour regardless of Jpow. Literally anything he says is bullish either way for WFC

aloahnoah

WFC benefits the most from high interest rates if you want to hedge your tech, if you just want a quality bank maybe JPM or GS

bernie638

You might be right about when to sell WFC, and oil if you're buying the actual commodity. If you're buying oil companies you might consider making your metric something like rig counts above a number or production amounts instead of price. My oil companies were rolling in FCF with oil at $70. The only fear is another glut of production that drives oil back below $50. That doesn't look likely yet so I'm holding until then.

TheBiggestOfGs

With the northwest passage opening up, freight and logistics, supply chain are the LONG term plays (like really long term). I'm currently in Oil and Banks since the COVID crash and am doing well. I'll sell WFC when they announce the asset cap lift (if that ever happens) and oil if it hits $100/barrel

fomoandyoloandnogrow

I warned you yesterday if you don’t buy banks on that dip you don’t like money. WFC, BAC 🖨

TTTTsixandtwo

I'm [biased](https://old.reddit.com/r/wallstreetbetsOGs/comments/s42j2z/wfc_rage_yolo_update_11422_earnings/) towards $WFC but I have a bunch of $BAC calls because they announced earnings last week during the shitstorm and didn't get a pop that they really should have. $WFC will be a wild ride with a lot of volatility, and $BAC will be a more steady grind upward, in my opinion. Tomorrow will be interesting for both.

TTTTsixandtwo

JPM won't benefit from rate hikes as much as $WFC and $BAC. If that is your thesis, then you might want to rotate.

VisualMod

>\*Wells Fargo & Company Increases Common Stock Dividend $WFC ^\*Walter ^Bloomberg ^[@DeItaone](http://twitter.com/DeItaone) ^at ^2022-01-25 ^13:45:15 ^EST-0500

fomoandyoloandnogrow

If you’re not buying WFC, BAC, and other banks stocks on the dip, you don’t like money

fomoandyoloandnogrow

Bet that with interest rates going up WFC asset cap is gonna be lifted

alotovanal

Da mfka literally sold WFC at the bottom.

queencityrangers

I’m gonna start WFC while driving for Uber I guess.

AugustinPower

WFC Why doesn't anyone here talk about WFC

hysys_whisperer

Yeah, but that 91 year old man opened accounts in people's names to charge them bogus fees ($BRK.a was a major shareholder in$WFC through the whole account scandal) and then turns around and makes his BNSF railroad employees use vacation time if they contract Covid while at work. Anybody can print money when they don't play by the rules...

ChampagnePilney

Buy high sell low. Keep up to good work WFC should have a decent year amidst rate hikes

The_Sanch1128

That, plus they're not as publicly unethical as WFC and possibly BAC.

nivek_123k

Scalping is not something I look to do as a anything more than an engagement play. If I do this, I simply trade the stock... ex: Sell 100 shares of WFC (because F that place), and buy an equivalent cash value of say... BAC, or XLF (banking ETF). This trade would be put on in the AM, and taken off ASAP. Stock trades cost me no commissions. I could do the same thing in an option chain. Buy a 90 delta put on WFC, buy a 90 CALL on something else of equal notional value... however this would cost commissions, and the bid/ask is often wider for far ITM options.

RyChrome

$AAPL price target raised from $165 to $205 at $WFC. via unsual whales

AugustinPower

WFC was worth about $58 in 2015 before the regulatory order Now that there's so much money in the system and imminent rising rate hikes (seriously, face reality bulls...) WFC should be worth at least 60 after the first hike? Also they raised a huge guidance for income from the interest rate hikes. I believe they are the largest bank to benefit from interest rates.

get_MEAN_yall

Man I should have held those WFC puts. Had 58p 1/21 bought for 0.9 sold for 1.50 and they're worth 3.1 now

TTTTsixandtwo

$WFC - OCC Terminates "Add-On Products Consent Order" issued on June 3rd 2015

ImGettingOffToYou

WFC premarket data looks like no one is selling with plenty of buyers. I bought calls yesterday. It looks to good to be true but I'm still rock hard. I fucking love this shit.

ImGettingOffToYou

#WFC $56 Feb 18. It just got upgraded for target price of $63, and rising interest rates are good for lenders. The government restrictions from the account fracas in 2016 are rolumored to be removed soon. It just dipped sympathetically due to Goldman's bad earnings. Once people forget about that it's going to moon. The downside is big jimmy said it is the number 1 bank stock to own in 2022.

ImGettingOffToYou

!banbet WFC 60 4 weeks

geoguurrr

Mate you act like I’m holding these positions for a long period of time. I sold my WFC calls this morning. Look at the price action of WFC

ImGettingOffToYou

WFC

Desmater

My top picks for banks are MS, BAC and JPM. All have great management and are expanding into other businesses to diversify revenue. They all also will be doing a lot of buybacks. I also own SYF, ALLY, C, WFC. But I got in on the lows. I would recommend JPM, especially at this price below $150. I believe fair value is $175.

wheresastroworld

Banks aren’t exactly killing it this year? Tell that to the GS BAC WFC charts

SwetzAurus

they're the hated one right now. WFC had the great qtr, no expense issues in forecast, and is the most sensitive to higher rates (more income).

Eurobert42

Exactly. WFC and BAC more a big deal with rates than JPM and Goldman. Rolling the dice on a beat Wednesday.

AdMore3461

Nice! I was holding 175 shares of GS and I had 6 call option contracts for ATVI mixed in with a bunch of other calls and outs for various stuff. Premarket, I saw that I was already down thousands with GS. Didn’t read or hear anything about ATVI. The minute the market opened I checked to see how bad it was and was very confused at how I was in the green for thousands of dollars. Saw the ATVI price and news and sold off right away since I didn’t have time to research whether it may get better (still had like a month at least on my call). Figured I’d sell to lock in those profits, hold on to GS hoping for some recovery, doubled down by buying GS calls expiring Friday, and bought SPY calls expiring Friday hoping to see a little recovery in the next day or two. ATVI saved my ass, I’d be down really bad if it weren’t for that. Lost a grand on WFC calls today too, but still up over 4K on those since purchase.

AugustinPower

Didn't bought anything in the end, not even free money WFC

get_MEAN_yall

WFC weekly puts printed, up 20% already on LCID 44p weekly bought today

get_MEAN_yall

Dang those WFC puts would've been up over 100% if I held. Whatever, can't be mad making 40% gains overnight

kylestoned

Watch them pull a WFC and pop on earnings.

trina-wonderful

Not every bank is crooked like WFC.

get_MEAN_yall

Got a lot of hate for the position but those WFC 58p weeklies printed. F shorts also printing but I'm holding F short until like $12-$15. Bulls in shambles while my port is at ATH

JXBambooLeaf

High inflation is followed by rate hikes, more persistent high inflation requires greater extent/more rate hikes. There are etf that hedge against rising rates, e.g. PFIX, or etf that short treasury bonds like TYO. Retail/consumer banking get benefited during rate hikes too (if short-term and long-term rates widen, i.e. yield curve steepened. Consider XLF, VFH, stocks like BAC JPM and WFC. Last but not least, so your due diligence.

get_MEAN_yall

Wow I got out of my WFC 58p weeklies for 1.25 like 3 minutes ago, now they're worth 0.85. Trading weeklies is so fun. Made 40% overnight

SwetzAurus

WFC kind of day.

get_MEAN_yall

WFC 58p 1/21

get_MEAN_yall

TSLA, F short, WFC puts

Jeff_Bezels

Right. I kept buying shares of C, WFC and F and watching them bleed til February 2009.

get_MEAN_yall

I got WFC

Yoga_butts

JPM is trading near all time high while WFC not so much. Expectations are higher for JPM

temporallock

Until I hear about banks crimping credit on regular people (not the WFC line of credit shit for wealthy people) I don’t really give a shit.

get_MEAN_yall

Hope my WFC puts print tomorrow. I feel kinda stupid for buying them.

KilltheK02

Yields or bonds themselves? I'm long WFC so I hope the actual treasuries crashes

Noticeably98

$WFC 50 puts

Gooner-Squad

Hope F has a precipitous drop and MSFT has an inverse rise. Look for more LCID puts, decide on a NFLX play where I puss out and buy way OTM lottos, and look at some 2024 WFC leaps.

Bazzingerd

JPM historically gets sold off after earnings, WFC didn’t sell off.

ShiftyMN

Everyone in this discussion yesterday was bearish. I was almost the only pro WFC. I do have call debit spreads expiring next week for WFC

get_MEAN_yall

Idk why I bought WFC weekly puts on Friday

The_Sanch1128

As someone who is 5'5" and partly Polish, I resent that statement. I have no desire to touch WFC.

The_Sanch1128

Sorry, but while I'll invest in companies that aren't ethically 100% upright, I have major issues with outright sleaze. I own JPM, I've owned C, I've owned BAC options, but I draw the line at WFC. YMMV. And I listen to Cramer occasionally for entertainment. Once in a while I do my DD on a stock he recommends, but mostly it's in one ear and out the other.

r2002

It's also good to note that Cramer didn't just jump on the WFC bandwagon after positive earnings. I look at my emails and his investment club has been holding as far back as October (possibly longer but my email archive didn't go further back). So if you bought in October you would've made 27% return on WFC.

gqreader

Have a contact that just quit WFC, says they still do a TON of shady shit. Still a regulatory mine field. And also a shitty business as a whole.

Zer0BrainCells

So I should sell my WFC shares?

BrainsNotBrawndo

Have a small stake in AVXL (\~1/30th of SAVA stake). I like that AVXL almost done a phase 3, have a big pharma partner already, decent results on cognition. Headwinds of I don't want to also pay for a long pipeline of other early stage stuff, has Australian base despite NY website address, and they didn't bother following Ads-COG scores nor really communicating with FDA for a proper FDA route for approval so while might get some international approvals, not likely going to USA for years yet. Never had a CRTX stake, though I wish them well as with all Alzheimer treatment hunters. For DeSPACs or other short targets (which I did play successfully albeit with small stakes), the major difference between them and SAVA is the value of an item on the end. Shorts can try to drive an Overstock toward zero so that confidence is impacted, and can't grow, then never deliver the shorted shares for a bankrupt company. But for SAVA, they don't need sentiment, nor momentum nor new investor cash to come in. If their drug works as in phase 2, shares are worth $500, period. I am not in the camp that thinks there will be a dramatic short squeeze, because I don't think the institutional shorts have conviction in the trade, and will have ponied up for calls to exit losses, since they know they can be in trouble quickly. The chart for the last few months for SAVA show how much things can spike up without warning, even on very small positive news items. So if there is a great news day, it's going to be a nuclear bomb on uncovered shorts. Which makes buying the calls expensive, which again makes it seem to me that there is less value for SAVA as a short target in and of itself, need to have a money maker elsewhere from the play. From a TA point of view, stock was at $140 or so in Aug prior to a short petition, and since then: FDA approved special protocol authorizations for phase 3 (notably, approving it *after* having received the short petition), the 9 month data came out as a home run, monoclonal antibody competitors got thumbs down from Medicare unless in a clinical trial, phase 3 trial sites are booming, and now some of the physicians/researchers/patients families are coming forward to speak about their experience with the patients of phase 2 trials directly. So for a derisked asset, it's roughly a third of the price, which to me as a value investor I am satisfied with. Though I agree not everyone wants to buy derisked, beaten-down value stocks, it matches my personality. Ask WFC shorts how their last 2 years went. I alas disagree with your statement that *"no one thinks their approval is imminent except the SAVAges"*. Check the [institutional ownership](https://money.cnn.com/quote/shareholders/shareholders.html?symb=SAVA&subView=institutional): Blackrock, Morgan Stanley, Vanguard, Charles Schwab. Samford Robertson on the board is a Silicon Valley tech legend and on the Salesforce board. The New Jersey pension fund opened a new stake in $60s last quarter *after* short citizen petition. May get some color on SAVA next week from the principal investigator physician at Princeton Medical Institute, who: correctly called that will plaques seem to be result not cause of disease, ran 300 drug trials, and was part of the original Aricept approval trial.

ShiftyMN

Discovery and AT&T are 75% of my holdings. The rest are Amazon, Ford, GE, WFC and one AMC call. Im not diverse and I am a racist.

mysonlovesbasketball

Kiss of death. RIP WFC

TTTTsixandtwo

$WFC has experienced significant volatility since I started building this position. Over the last year+ the reasons for that volatility have changed what I was willing to buy at that specific time, the illusive *personal risk tolerance* everyone jokes about . A really good example is the 500 contracts June 17'22 at $70 strike and the 110 contracts Feb 18'22 $50 call: I entered the $70c much earlier, with less confident of price movement and ended up DCAing into the 500 total, I've been $9k down on that position but held and stopped DCAing eventually (oops). The $50c I was more confident when I entered the position and bought the shit out of it on the last few dips right before the recent run up.

TTTTsixandtwo

Nice work! Yeah, $WFC has presented a few *buying opportunities* in that time, and will likely have more.

pizza-slapper

All the jokes aside, he did call bullish on big banks (esp WFC) in late December prior to recent +10% jump.

Polus43

My god this. I had tons of 'we're going to rebound from covid' positions like WFC. Overall return and risk-adjusted return would have been much higher if I just bet on SPY/QQQ/DJIA. Was so stressed reading individual financials for companies completely not worth it.

get_MEAN_yall

Bruh these WFC 58p 1/21 bouta be 3 bag 💯

pml1990

True. Citigroup is in the same basket of undervaluation for the same reason as WFC, poor management decision. Also reasonable thesis that the valuation gap will close for Citigroup at some point.

God-of-Memes2020

Citigroup is an even better discount than WFC, for anyone who wants to look into it.

RionFerren

That’s a load of bullcrap . WFC stock price recovered from March 2020 low and is about to pass ATH

stockrot

That's the hammer drop meeting . 10 year treasury will be at least 3.00 to 3.5% within a year... All the "sin stocks" Cigarettes', Oil , Utilities ,booze , financials ,even Telecoms, Are at or close to 52 week highs . Why ?? one word DIVIDENDS .And one sentence : a flight to safety and real sustainable earnings. I dont make the rules but I have seen this movie before. Check out BP, XOM, MRO, WFC ,T, VZ ,BAC ,CVX,OXY,RF. I am not shilling shit . I own some of these but I already caught the big move. Anyone who thought the new Administration was going to make oil and ICE obsolete because they said so was ill informed .They actually did the exact opposite they drove prices higher. I own EV stocks( and have one on order right now) and they are long term holds but.... If every person was given an EV for free in California tomorrow they all would all be WALKING. California cant even keep the air conditioning on in the summer time. You think you can charge millions of EV,s with the current power grid . Oh lets build some windmills:)! The only sane person who actually knows something about EVs Elon Musk will tell you it cant be done without nuclear power and of course everyone is against that. So what's left? clean energy for the near term.

relavant__username

Short WFC

Dull-Climate-9638

Interesting pick RIO. I have to look in to it. Out of the banks C & WFC has some upsides from what I see on the charts. I saw lots of call option buying in BP recently in the scanner that I use. Big money is betting on it for more upsides.

erikwarm

No! They need to loose their WFC bags and dump them on somebody else before its price gets corrected

onthatfarmhehadacow

Fortunately, I've got rid of WFC with a small profit just in time

CABSMeter

WFC is the same to any day trader like myself. As long as it has volume it has a “spread” which means $$$$ to be made. For you swing / longs or “traditional” investors it’s a tad more complicated. On a quick glance.. It does look like it’s on a sexy little up trend. BUT.. Its very close to its high that could ALSO means it’s a great entry point as it may be nearing its fall? One would have to research it a tad more.

creasbear

I bought WFC based on my own research and so far he is right. I think he is a hack, but I bought WFC about 2 weeks ago and I am up 13.56% I made a ton of money off WFC and especially COF on the dump in 2020, wish I would have held COF but I made nice money, bought for 55 and sold for 145. My big score was dumping a ton of money on Ford very early just on speculation they would come hard with the trucks and the small models, affordable EV's, I am up huge, that stock will make me probably a good 300k before it is done. On a somber note, I got killed buying Billi, so it is not all roses lol.

Coyrex1

Admittedly this last year it performed alright but WFC is barely above where it was like 7 years ago, and its not like its been paying huge dividends either. Probably gonna continue to be a lagard overall.

TheBiggestOfGs

It's funny because I was actually happy and sure of my WFC purchases (bought in early-mid 2020 during crash). Seeing Cramer recommend it literally makes me less confident. I'm genuinely worried.

SlothInvesting1996

He was pumping JPM all year and looking at the earning call... I been holding WFC for two years. I should consider sell after this devastating news

armored-dinnerjacket

short WFC you say?

Immediate-Bar-7874

Headline 3 months from now: “Thousands Make Millions Shorting WFC.”

Phuffu

These people saying they’re gonna buy puts or short FC are as dumb and sensational as Cramer. Who cares what he says? He runs an entertainment show. I bought WFC last year and it has been a great investment. If you want to miss out on the reruns then that’s on you. I’m long

mrdwarf13

Ha, after having owned some WFC for the last year I'm finally out of it. If he'd put this out there in 2021 that would've made some sense.

JRshoe1997

In case anybody is wondering this is a very strong cue to not buy WFC

yaoksuuure

USB over WFC. It’s their time now.

KingJames0613

WFC puts!

Voyaging-eyes

Of all the big banks WFC has the worst reputation in my opinion and that’s saying something. Untrustworthy, but hey if Cramer says to buy as much as you can go for it. He said something similar about DIDI but as much as you can on IPO.