I thought it might be a good time to create a Financial thread as the Banks are back in favor and using the XLF a Financial Select Sector SPDR ETF I will improvise on this thread moving forward.
Pretty much and I have added the XLF. Any suggestions on this thread is a appreciated.I like that a bank at a glance can show it's strength or weakness compared to the DOW, XLF, and the other Banks
At Gil's suggestion I have added the holdings of XLF a Financial Select Sector SPDR ETF. With a down market today BAC only gave up 3 cents after a nice run. To not have to mention all the names every time I will refer to JPM, WFC, C and BAC as the Big 4 where applicable. It is my opinion that the banks will be up and running after a little breather.after a little breather.
After a short breather the financials are re-gaining strength with the markets being negative. Quotes are n real time at the time of the post.
Financials down again during the market meltdown Dow off 100 points as stocks struggle to hold April gains http://www.marketwatch.com/story/wa...or-tech-amazon-soars-2016-04-29?siteid=yhoof2
A good sign for financials that the S&P has been lagging the XLF for the last 8 trading days. With that the financials should get a little pop when the markets go back up
Financial's taking it on the chin the morning during the market meltdown Copy and paste of prices not currently working
US stocks climb for the second day as oil prices rise http://finance.yahoo.com/news/us-stocks-climb-second-day-oil-prices-rise-143407438.html
U.S. stocks traded lower Wednesday, the first trading day of June, weighed by continued concerns of sluggish growth overseas, ahead of key manufacturing data. The Dow Jones industrial average fell more than 100 points soon after the open, with Goldman Sachs contributing the most to declines. Energy and financials traded 1 percent lower as the greatest decliners in the S&P 500, which was off about half a percent around 2,085 in morning trade. http://www.cnbc.com/2016/06/01/us-m...adline|headline|story&par=yahoo&doc=103680055
Financial taking a big hit this morning and if you read the second article it might be a good buying op today U.S. stock futures drop after ugly jobs data http://www.marketwatch.com/story/sp...a-potential-catalyst-2016-06-03?siteid=yhoof2 Bank of America, Citigroup, JPMorgan See Q2 Trading Revenue Rebound http://www.investors.com/news/bank-...ue-rebound/?ven=YahooCP&src=AURLLED&ven=yahoo
Bank shares get ugly as Fed predictions reverse The rate hike Wall Street banks were expecting this summer just got scotched by a surprisingly bad jobs report.. U.S. bank stocks were getting hammered Friday after a disappointing employment report caused economists to scale back expectations for when the Federal Open Market Committee will lift interest rates. Read full article here: http://www.msn.com/en-us/money/companies/bank-shares-get-ugly-as-fed-predictions-reverse/ar-BBtPC3M
US stocks climb, led by energy companies as oil prices rise http://finance.yahoo.com/news/us-stocks-climb-led-energy-141622996.html
