The Trump trade that could have more to run as overall market loses steam

Bank stocks have popped since President-elect Donald Trump's win, but their move eight years ago suggests this rally still has more upside. Wells Fargo strategy analyst Christopher Harvey published a note Friday examining how different sectors performed after Trump's win in 2016 relative to their rally in the 7 trading days following the most recent election. The data shows that financial stocks, while already one of the best performers this year, did even better in 2016.

5 percentage points, compared to 6.9 points this year, according to the note. Bank stocks have seen big moves since Trump's win, as investors react to the expectation of a lighter regulatory touch from his administration. Shares of Bank of America are up more than 9% since Election Day for example. And while postelection rally for the broader market has cooled this week , bank stocks still look like one of the bests going forward, Harvey said.

المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين

Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.

Donald Trump election win turbocharges stocks, cryptocurrency and Trump MediaStocks and cryptocurrency prices set to power higher after Donald Trump is projected winner in U.S. presidential election.
مصدر: CBSNews - 🏆 87. / 68 اقرأ أكثر »

Trump trades: Using the 2016 Trump rally stocks as a playbook for what to buy nowCNBC analyzed what did well after the 2016 presidential election, searching for hints of what could be coming.
مصدر: CNBC - 🏆 12. / 72 اقرأ أكثر »

Watch how bank, energy and retail stocks trade for Trump/Harris election cluesStrategists at Wolfe Research and Morgan Stanley highlighted several groups of stocks that could benefit depending on which candidate wins today's election.
مصدر: CNBC - 🏆 12. / 72 اقرأ أكثر »

The four best bank stocks to own amid the Trump trade, according to top analyst GraseckBig banks are set to outperform under another Trump administration, per Morgan Stanley.
مصدر: CNBC - 🏆 12. / 72 اقرأ أكثر »

Tesla was the top ‘Trump Trade’ of the week, along with some energy and financial stocksStocks seen as connected to the Republican's victory helped lead the market this week.
مصدر: CNBC - 🏆 12. / 72 اقرأ أكثر »

Trump trade powers Dow 44,000, S&P 6,000 as stocks keep hummingThe Dow, S&P 500 and Nasdaq Composite hit a fresh round of new record highs as investor optimism continues following President-elect Donald Trump's historic White House win.
مصدر: FoxBusiness - 🏆 458. / 53 اقرأ أكثر »