Financials are a 'stealth bull market' opportunity, says Wolfe Research

Investors should buy into financials as the Federal Reserve embarks on interest rate cuts, according to Wolfe Research chief investment strategist Chris Senyek. More upward pressure on longer-term yields will benefit financial stocks, per Senyek. "We're telling investors you want to be overweight financials," Senyek said on CNBC's "Squawk on the Street" on Monday. The sector is a "stealth bull market underneath the surface," he added.

With the exception of Nvidia and Meta Platforms , Goldman Sachs has notched more gains than the 7-stock group. GS .SPX YTD mountain Goldman Sachs versus the S & P 500 in 2024 "We'd be buying financials, right here and right now, into a steeper yield curve," said Senyek. A steeper yield curve means long-term rates exceed short-term rates, a friendlier environment for banks' lending margins.

Nederland Laatste Nieuws, Nederland Headlines

Similar News:Je kunt ook nieuwsberichten lezen die vergelijkbaar zijn met deze die we uit andere nieuwsbronnen hebben verzameld.

Buy these stocks with solid earnings power during the volatility, Wolfe Research saysThrough the back half of the year, investors should look at these names that may be set to outperform, one researcher says.
Bron: CNBC - 🏆 12. / 72 Lees verder »

The market is flashing signs of caution below the surfaceThe technical setup for stocks is exhibiting some troubling signals, Wolfe Research says.
Bron: CNBC - 🏆 12. / 72 Lees verder »

Here are Wolfe's favorite stocks as market approaches fresh record'While we expect continued choppy trading in the market, we expect companies with solid fundamentals to outperform,' Wolfe Research's Chris Senyek said.
Bron: CNBC - 🏆 12. / 72 Lees verder »

Here are Wolfe's favorite stocks as market approaches fresh record'While we expect continued choppy trading in the market, we expect companies with solid fundamentals to outperform,' Wolfe Research's Chris Senyek said.
Bron: CNBC - 🏆 12. / 72 Lees verder »