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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Ally Financial Inc | NYSE:ALLY | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.01 | 0.03% | 39.41 | 39.479 | 38.91 | 39.11 | 858,533 | 19:13:10 |
MIDVALE, Utah, Oct. 13, 2017 /PRNewswire/ -- A favorable U.S. business climate, including corporate/company earnings, continued low interest rates, and accelerating growth were, respectively, the top three factors contributing to strong bullish market sentiment among independent investors, according to a new client survey by Ally Invest. Heading into FAANG (Facebook, Amazon, Apple, Netflix, Google) earnings season, investors also overwhelmingly anticipate these companies' quarterly earnings to either meet or exceed street expectations with high expectations of strong year-over-year earnings for Amazon.
The results of the in-house survey, conducted October 5-8, 2017 by Ally Invest, are based on responses from 390+ independent investors.
Bull - Bear Sentiment
Nearly 49% of investors say they have a bullish market outlook and nearly 6% are very bullish, with fewer than 12% of investors reporting a bearish or very bearish view. However, investors are keeping a close eye on potential market concerns, including international unrest (54%), slowing year-over-year growth (32%) and the potential for higher interest rates (28%).
Optimistic Outlook for FAANG Earnings
When asked "What is your outlook for each of the 'FAANG' stocks for the fourth quarter?," the majority of investors believe these companies will either meet or exceed street expectations with bullish sentiment the strongest on Amazon and the weakest on Facebook. Here is how response for the FAANG stocks compared:
Investors Watching a Variety of Trade Triggers for FAANG Stocks
When asked, "Which trade triggers are you watching most closely for each of the 'FAANG' stocks?," investors offered a range of responses, though ongoing annual revenue growth was among the top three triggers cited by all investors surveyed.
Results of the survey are for informational purposes only and not intended as investment advice. Investing involves risk. Thus, before investing you should consider what is suitable given your particular circumstances or seek professional advice.
About Ally Financial Inc.
Ally Financial Inc. (NYSE: ALLY) is a leading digital financial services company and a top 25 U.S. financial holding company offering financial products for consumers, businesses, automotive dealers and corporate clients. Ally's legacy dates back to 1919, and the company was redesigned in 2009 with a distinctive brand, innovative approach and relentless focus on its customers. Ally has an award-winning online bank (Ally Bank Member FDIC, Equal Housing Lender) offering deposits, credit card and home loan products, one of the largest full service auto finance operations in the country, a complementary auto-focused insurance business, a growing wealth management and online brokerage platform, and a trusted corporate finance business offering capital for equity sponsors and middle-market companies.
The company had approximately $164.2 billion in assets as of June 30, 2017. For more information, visit the Ally press room at http://media.ally.com or follow Ally on Twitter: @AllyFinancial.
Securities products and services are offered through Ally Invest Securities LLC, member FINRA and SIPC. Investment advisory services are offered through Ally Invest Advisors Inc., an SEC registered investment adviser. Ally Invest Advisors Inc. and Ally Invest Securities LLC are wholly owned subsidiaries of Ally Invest Group Inc. Investments are NOT FDIC INSURED, NOT BANK GUARANTEED and MAY LOSE VALUE.
Media Contacts:
Andrea Puchalsky at Ally
313-656-3798
Andrea.Puchalsky@ally.com
Kathy Wilson at Tier One Partners
781-652-0499
kwilson@tieronepr.com
View original content:http://www.prnewswire.com/news-releases/results-from-new-ally-invest-quarterly-survey-amazon-is-faang-favorite-among-independent-investors-ahead-of-earnings-announcements-300536324.html
SOURCE Ally Financial
Copyright 2017 PR Newswire
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