Three Banks to Watch
Friday's bank earnings have set the stage for a flood of sector reports in the next two weeks. I covered today's confessionals on Wednesday, and will now look at three companies set to move next week's market. Two of these entries are former 2008 basket cases, while the third is a hidden gem, perhaps because it's headquartered in the heartlands, more than a thousand miles from either coast.
Banks have shifted into corrective mode in recent weeks, and it will take fabulous earnings results to lift these issues into another bull advance, especially with major resistance lying just above the March highs. At the same time, this could be the year of opportunity, with group leaders winding up for full-blown recoveries that last into the middle of the decade....567 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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