Even though interest rates are historically low, the majority of investors and analysts still think inflation will push them higher in 2021. (But is that really such a surprise after getting more than $6 trillion in U.S. stimulus spending?)
That’s why I’ve been watching the Financials sector; it’s the most sensitive to interest-rate changes…
You see, when interest rates climb, so do profit margins for businesses like banks, insurance companies, brokerage firms, money managers and… the best financial stocks.
So rising interest rates can push financial stocks even higher!
And because it’s my job to help you guys stay on top of these things, I put together a short list of the best financial stocks for my readers to start targeting now…
The first financial stock on my list shouldn’t be any surprise… It’s Blackstone Group Inc. (NYSE: BX)!
For those of you who aren’t familiar with this group, it’s one of the world’s leading investment and advisory firms, responsible for managing things like private corporate equity firms, real estate funds, credit-oriented funds, collateralized loan obligation vehicles and closed-end mutual funds.
That’s a mouthful, isn’t it?
And as of March 31, Blackstone has $648.8 billion in assets under management — that’s a 4.9% increase from $618.6 billion just three months prior and a 21% jump from a year ago.
We’re talking billions and billions of dollars here, folks… so it’s easy to see why this is one of the best financial stocks to own in 2021.
But that’s just a little bit about this company…
Check out my short video below to get more information on why I like BX and the next best financial stock on my radar for the remainder of 2021. And if you found this video helpful, be sure to let us know in the comments section.
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P.S. I’m willing to bet most people don’t know this, but nothing can compete with the kinds of gains seen in crypto.
Nothing… not even from a short squeeze like GameStop!
That’s mostly because the right crypto coins have already given everyday traders the chance to grab returns like 1,641%… 2,300%… and even 11,257%!
And there are three strong forces that will lead to a $5 trillion flood into cryptocurrencies this July…
So anyone who knows how to spot the right ones could walk away with gains just like the documented ones above.