It’s earnings season, and bank stocks are starting things off with a bang!
Financials were the first to report, and most posted better-than-expected earnings.
And even one well-known name that didn’t (looking at you, Wells Fargo) still posted third-quarter profits that rose compared to the same quarter last year.
The reason it failed to beat expectations is because its expectations were quite high. The company still topped analyst estimates.
Two other banking stocks that beat quarterly expectations both traded higher on the news.
The markets were up again on Friday, with the Dow climbing about 150 points. This is anything but random. Anything above a range of 75-85 points, up or down, is not random, so this means the market is looking strong.
The bond market was down a little bit, but if retail sales come in weaker than expected, or if we have some volatility in stocks, we may see bonds move higher.
In today’s video, I’ll reveal how retail sales will impact the market… the past week’s winners… how momentum is shaping the market… the No. 1 sector to pay attention to right now… and a brand-new trade idea.
I do a ton of sector analysis and use back-tested, proven strategies to beat the market. I use proprietary formulas based on relative strength to track the top 5 strongest stocks… You know, the ones I send you in my new weekly watchlist. But now I want to know which stocks you’d like to see rankings for! All you have to do is reply directly to this email with your tickers!
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2 Agriculture Stocks That’ll Grow Your Portfolio in Q4
October 13, 2021
When I figured out the surge in demand for agricultural commodities is impacting things like fertilizers, you bet your bottom dollar that I got in on the trend.
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