This is what you need to know today.
Weak Retail Sales
December Retail Sales Ex-auto came at +0.2% vs.
BANK STOCKS HAVE A GOOD SHOT AT BEATING THE BROADER MARKET IN 2017 $BAC $JPM $WFC $PNC $C $KBE $KRE $MNR $XLF $SCHW $AIG $EUFN $IAI $VVR $ETFC $HSBC $KEY $MTU $FSD
U.S. bank and financial stocks, which had been in a funk since interest rates fell close to zero, have a good shot at beating the broader equity market in 2017. So the questions for investors are: “Which banks should I buy?” “Which banks that have already soared should I buy?” and “How should I diversify?”
The chart
Before discussing bank earnings released Friday and investment opportunities in these stocks, let us build the necessary background so that you can better understand my recommendations. I am answering the question of what to buy, and when to buy, with the illustration of an annotated chart of Bank of America BAC, Please click here to see the annotated chart of BAC.… Please click here or the title below to read more.
January 13, 2017