Q2 Earnings season is starting in Monday, July 11th with major financial institutions reporting. Financials are projected to do slightly better then the previous quarter and may offer good upside potential. From a fundamental standpoint, most financials are undervalued when taking into account future interest rates. If "Market Stabilization" occurs in Q2 or Q3, further revenue and earnings growth is expected from Trading Revenue.
Technical Analysis showing resistance points after a break through the strong trend ling.
I am holding BAC and WFC. Financials are definitely undervalued. But since the Fed probably is not going to raise rates this year. So it is difficult to have some big rally in the short term.
Wondering what do you think about the Bios stocks, they are mostly undervalued as well.
Wondering what do you think about the Bios stocks, they are mostly undervalued as well.
Thanks!