Citi Boosts Macy's, Carnival Up, Google Dominates

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Analyst from Citigroup Inc. (NYSE:C), Deborah Weinswig, gave a boost to Macy's, Inc. (NYSE:M) with a recommendation to Buy.  It seems Macy’s efforts to turnover more authority to regional managers and allow them to “localize” stores is working. Carnival Corporation (NYSE:CCL) and Google (NASDAQ:GOOG) are also big names in the news that are fueling today's equity rally.

Goldman and Citi going to Bat for E*TRADE

E*TRADE (NASDAQ:ETFC)

Despite the massive short interest in E*TRADE (NASDAQ:ETFC), Goldman Sachs (NYSE:GS) gave E*TRADE a new 'Buy' rating today.  It appears Goldman is following suit after Citigroup (NYSE:C) raised its target price on ETFC shares 53% on Monday.  Dare to trade against E*TRADE?  More importantly, dare to bet against Goldman?

Citigroup is Off to the Races

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Citigroup (NYSE:C) shares are on fire this morning, rallying 7+% and already at 500+ million shares traded by 11:30 AM EST.  Citi shares started the week at $4.75, by Tuesday they hit $4.12 and today they are back up to $4.50 -- do you have the stomach for this?

Early Volume Leaders include Citi, GE, BofA and Ford

Same Bat-Time, Same Bat-Channel

The major equity markets are trying to find steam from yesterday's announcement that the 'Recession is Over'.  Leading the volume today is a familiar sign of the same bat-time, same bat-channel stars: Citigroup (NYSE:C), General Electric (NYSE:GE), Bank of America (NYSE:BAC) but a surprise appearance by Ford Motor (NYSE:F).

How to Dump Citigroup?

Citigroup - Corporate Office

Word from Bloomberg and Reuters is that our Government is deciding on how to dump their 33% stake or 7.7 billion shares of Citigroup Inc. (NYSE:C) common stock.  You could always back up the truck and dump the shares into the river or just take the old girl out back and...well, you know how that one goes.

Citi says "Buy" E*TRADE shares, Really?

E*TRADE (NASDAQ:ETFC)

E*TRADE (NASDAQ:ETFC) won the Largest Short Interest Increase last month, yet an analyst at Citigroup (NYSE:C) thinks now is the time to get in and upgraded ETFC shares to buy and increased their target price by 53% -- come on?

A Strategy to Invest in Citigroup

Citigroup - Corporate Office

So you are interested in going long on Citigroup Inc. (NYSE:C) but you are paralyzed by the fear that the stock may go back down in price.  Citigroup has been a story stock for months now.  Roaring back from

Tuesday's Volume Leaders: Citi, Fannie, & GE

NYSE Floor - Traders

Back to trading on this Tuesday following yesterday's Labor Day holiday and the volume leaders are familiar faces including Citigroup (NYSE:C), Fannie Mae (NYSE:FNM), Bank of America (NYSE:BAC) but a welcome guest also includes General Electric (NYSE:GE) with shares up 4%.

Bank Failures of 2009

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On Friday, five more banks became victim of the current economic situation, bringing the total to 104 bank failures since September 2008.  It is estimated that up to 300 banks will fail during the course of this market correction.  That prediction came to us from analyst Meredith Whitney who also accurately predicted Citigroup Inc. (NYSE:C) would cut their dividend in 2008.

theStreet.com: Back to Business: Coming Week

NYSE Floor - Traders

Wall Street on Tuesday will return from a long weekend to a market that has sleepily ticked upward for two months -- leaving investors to question whether bulls or bears are charging back from the Hamptons.  Tickers discussed in this article include: C , AIG, FNM, WFC, WMT, TGT.

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