Positive Consumer Play in Capital One Financial (COF)
"Capital One Financial ticker COF up almost 4% in the post market. The earnings were pretty good. They beat on third quarter adjusted EPS and net revenue up 54% year-over-year. And this is an important company to watch because we get a little bit of a read on the consumer. They have a big consumer-facing arm even though they're a financial stock and also they had one of the biggest deals this year by acquiring Discover Financial. The CEO noted that the integration continues to go well."
The speaker highlights that Capital One Financial (COF) is showing strong post-market performance with an almost 4% increase driven by robust earnings and a major acquisition of Discover Financial. This positions the company as an important proxy for reading consumer trends.
Buy the dip in Capital One Financial (COF) on pullbacks
"Capital One Financial, COF. You'll remember I brought this up because Stephanie Link, who I fully respect, went over the numbers, loves the stock, and bought the stock. She bought the stock. So, she's saying, "Hey, in my portfolio, I like this one." Well, guess what? You're getting it well below where she bought it."
The host highlights Capital One Financial (COF) as a potential buy-on-dip opportunity. Citing a strong quant score of 4.91 out of 5 and a favorable ranking (number two in finance stocks), he suggests that investors consider getting into COF if it pulls back further.
Trade Call: Capital One Financial (COF) as a Buy-the-Dip Opportunity
"One of them that could be buy the dip is Capital One Financial, COF. You'll remember I brought this up because Stephanie Link, who I fully respect, went over the numbers, loves the stock, and bought the stock. So you're getting it well below where she bought it."
The speaker recommends Capital One Financial (COF) as a buy-the-dip candidate, especially since respected analyst Stephanie Link has already invested at a higher price. This presents an opportunity to enter at a lower cost with solid quantitative backing.