These two market moves would cause bank stocks to 'skyrocket,' trader says

" on Thursday. "If it can break out of the top of that range, it's going to be very bullish for the entire group.""If the yield on thecan break above its summer highs or its highs of just a few weeks ago of 1.9%, that's going to be very, very bullish. The [algorithms] are going to kick in. The group is going to skyrocket," said Maley.

Nancy Tengler, chief investment strategist at Tengler Wealth Management, emphasizes stock picking when sifting through the banking stocks. "It matters what you own in the bank sector. So, for financials we're market weight but most of our weighting is outside of traditional banking," Tengler said during the same segment. "We own

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Trader sees Costco headed to new highs on earningsTrader sees Costco headed to new highs on earnings $COST (via TradingNation) TradingNation 😅😅😅😅😂 TradingNation so typical, one analyst one thing another another. cost is a long term fabulous hold, but indeed pricy right now. but then again, all good stocks are pricey and they are pricey for the reason that they are good.
Source: CNBC - 🏆 12. / 72 Read more »

Stocks making the biggest moves after hours: GM, KB Home, HB Fuller and moreSee which stocks are posting big moves after the bell on Wednesday. KB Home beat again 73c vs 66c. Shares +3% premkt Raising prices in 90% of their communities. More evidence of a strong US economy. Low mortgage rates a tailwind. housing USEconomy KB Home beats EPS expectations;via YouTube
Source: CNBC - 🏆 12. / 72 Read more »