Hey, it's Kramer, and this is my morning take on the market from today's CNBC Investing Club morning meeting.

I think today could be a reversal day. We keep going higher and higher and higher on the same news.

Oscillator indicate we're overbought. But I thought that's one of the reasons why I was smart to trim some Wells for them.

Yeah, look, Wells, by the way, great bank, doing incredibly well. Right, you gotta make that just like Texas Roadhouse. Great, great situation. But it's one of our largest positions, has been for a very long time. It's up 8% year-to-date, outperforming the rest of the market, flat-ish. It's up, by the way, 8% since they announced that huge $40 billion buyback, which at the time

was 17% of its market cap.

Acid cap could it come off this year?

It seems like there's a lot of momentum there.

I'm thinking like that.

I want people to understand at home that we make some trims.

Like we trimmed apple.

It was a perfect timing, no, but we trim something because we can't have really huge positions and then be able to have more large

positions. I mean, for instance, GE Venova has to be bought on the way down, okay, and you

have to have the capital to buy GEVernova. And that means you just can't just be riding

around and say, you know what, let's come in with more right here. I mean, obviously when you see something up like this, you gotta be, you know, gotta be patient. And by the way, we wanted to be involved, but we got restricted. But I'm just saying that there's nothing wrong with Wells. What's wrong is portfolio management says, are you kidding? Yeah, I was looking back. The highest level where we sold Wells previously was around $70. So you've had a nice $5 move since then, $6 move. And look, now it's be a little more right sized. We won't be the... Yeah, just a little. Still pretty big. At this price, you know, I like Capital One more because Capital One, the deal closed, you know, deals dying.

We are looking forward to that deal, expected to be completed by May 19th.

We were chatting earlier, kind of looking at it where the analysts are on the stock.

16 buys, 17, 7 holds, one sell according to Bloomberg, consensus price target a little bit below 215.

But the big thing here is that people, and this is Capital One, they're using a $25 an EPS number out to 2028, which is up from 1575 this year.

So you're talking a three-year K-GER of around more than 16%.

And how about the fact that we can avoid a recession that their credit's going to be much better?

Now, I know people who say, Jim, you like it because the CF, you know, the consumer finance,

the bureau has been closed, you know, or whatever.

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