The Panic-Proof Portfolio (Stockchase Research)
TCF Financial Corporation
TCF-Q
TOP PICK
Oct 01, 2020
Stockchase Research Editor: Michael O'ReillyTCF is a $4 billion regional bank with 520 branches operating through the US Midwest and Arizona. With a PE of 12 compared to peers over 17, it is relatively cheap here. JPMorgan analysts expect it to continue to stand out both in growth opportunities and how they manage credit risk. We would trade this with a $18 stop-loss. Yield 5.99% (Analysts’ price target is $36.70)
(A Top Pick Oct 01/20, Up 20.4%)Stockchase Research Editor: Michael O'Reilly Our PAST TOP PICK is advancing well. We are recommending trailing the stop up to $23.50 (from $18.00 originally) -- the price at recommendation.
(A Top Pick Oct 01/20, Up 57%)Stockchase Research Editor: Michael O'Reilly Our PAST TOP PICK has exceeded analyst expectations, trading to $37. We are being disciplined and are recommending taking 50% of the position off. We are keeping the trail stop at $23.50 -- near the original recommended buy price.
(A Top Pick Oct 01/20, Up 101.8%)Stockchase Research Editor: Michael O'Reilly Our PAST TOP PICK with TCF is progressing well. We recommend trailing up the stop (from $23.50) to $44.50. This would all but guarantee a minimum return on investment of 72%, including the previous recommendation to cover 50% of the position.
(A Top Pick Oct 01/20, Up 91%)Stockchase Research Editor: Michael O'Reilly Our PAST TOP PICK with TCF has been acquired effective June 9. We consider this position to be closed. Combined with the previous recommendation to cover 50%, this creates a net investment return of 74%
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Stockchase Research Editor: Michael O'Reilly TCF is a $4 billion regional bank with 520 branches operating through the US Midwest and Arizona. With a PE of 12 compared to peers over 17, it is relatively cheap here. JPMorgan analysts expect it to continue to stand out both in growth opportunities and how they manage credit risk. We would trade this with a $18 stop-loss. Yield 5.99% (Analysts’ price target is $36.70)