Even though the Financials sector is moving toward a period where core earnings growth should be as good as it’s been in years thanks to coming interest rate hikes and loan growth, bank stocks have been hit hard.
Most of them are trading 20% off recent highs or below their 200-day moving averages.
Several factors have led to this, like the yield curve inversions that triggered talk of a recession within the next 18 months. At least, that’s the word on Wall Street...
The Invesco KBW Bank ETF (Nasdaq: KBWB), an ETF that tracks the investment results of U.S. money centers and regional banks, is trading below its 200-day MA and negative over the past year…
Which poses the question... Is it a good time to start looking into financial stocks in light of the current geopolitical climate, including a major war in Eastern Europe?
The stock market is known for being a forward-looking mechanism. So stocks and bonds have likely already priced in most of the downside pressure from the Russia-Ukraine war.
And that should benefit large-cap bank stocks because it’s the one industry that does well when the Federal Reserve raises rates — especially the names bucking the downward trend right now…
April 2022 is HERE! And with it comes New Money Crew Head Trader Lance Ippolito’s newest “Sweet Spot Stock”!
Thanks to increased geopolitical tensions, he’s uncovered a growth stock focused on both military defense AND tech… and it’s become the darling of its entire sector. Along with a detailed research report, Lance is about to issue a BONUS option play!
Many of Lance’s past picks have generated amazing results like…
252% on NIO 144 days after Lance issued his alert…
395% on DKNG 404 days after Lance issued his alert…
177.67% on CRSR 55 days after Lance issued his alert…
194% on FUV 65 days after Lance issued his alert…
Even 239% on BLNK in a special bonus alert just 54 days after Lance issued his alert!*
What’s more, Lance’s next Sweet Spot Stocks report comes complete with his pick and a BONUS options play…
*Stated results are atypical for given period. Past performance is not indicative of any future results. Trade at your own risk.
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