3 Stocks I’m Buying and the Sector Prepared to Move, FAST
The major indexes rose as regional banks led the market higher to start the day Tuesday. Regional banks got a boost following news that the government will provide further guarantees of deposits should the banking crisis worsen. Beaten-down First Republic Bank...
My Top Sectors as Investors Consider Bank News and Await Fed Comments
The major indexes were mixed Monday morning as traders considered the strength of the global financial sector in the wake of the recent banking crisis. News broke that UBS will take over struggling Credit Suisse, helping regional banks to recover from last week’s...
Watch Out for the Tech Sector, Plus My ‘Hit List’ for Next Week
The major indexes fell Friday morning as banking sector concerns linger. Credit Suisse continues to struggle as investors consider the bank’s announcement it will borrow nearly $54 billion from the Swiss National Bank. Meanwhile, First Republic Bank (NYSE: FRC) slid...
The Financial Crisis Is Overdone, Plus 2 ETFs I’m Buying
The major indexes slipped Thursday morning as regional banks struggled amid fears of a growing banking crisis in the U.S and Europe. Credit Suisse announced plans to borrow up to $54 billion from the Swiss National Bank following reports the Saudi National Bank, its...
My Top Consumer Stock as Banks Continue to Tumble
The major indexes slipped Wednesday morning as Credit Suisse tumbled to an all-time low. News hit that the Saudi National Bank, Credit Suisse’s largest investor, could not provide further funding, causing U.S.-traded shares of Credit Suisse to fall more than 25%...
My Top Stocks as Financials Reach a Make-or-Break Moment
The market bounced Tuesday morning as regional banks recovered from Monday’s carnage on top of good inflation data. The Silicon Valley Bank situation caused fear to spread through the Financial sector, unfairly punishing bank stocks. As I said in Monday’s stock...