Morning News Leader: Zacks Names Ally Financial (ALLY) its Bull of the Day
Ally Financial Inc. (ALLY) is up 11% Tuesday morning. Analysts at Zacks named the stock their “Bull of the Day” The firm noted that Ally has less exposure than its competitors to the lower interest rates if the Federal Reserve continues to cut rates in future meetings as it has signaled it may do.
Ally Financial Inc. (ALLY) is a credit services company.
Francesca’s Holdings Corporation (FRAN) and Mallinckrodt plc (MNK) top the list of other companies with positive news today, while The Wendy’s Company (WEN) and Universal Display Corporation (OLED) top the list of companies with negative news.
Already a member?
Login to see your Morning News Leader Trade Idea.
Not yet a member?
You can receive four timely bull-put credit spreads each market day by joining our InvestorsKeyhole Daily Trade Alerts Service. Our analysts scour the news looking for unusual options activity, how insiders are trading, and breaking news, and publish trades accordingly.
Become A Member
About Ally Financial Inc.
Ally Financial Inc is a diversified financial services firm that services automotive dealers and their retail customers. The company operates as a financial holding company and a bank holding company. Its banking subsidiary, Ally Bank, caters to the direct banking market through Internet, mobile, and mail. The company reports four business segments including Automotive Finance operations, Insurance operations, Mortgage Finance operations and Corporate Finance operations.