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.

ประเทศไทย ข่าวล่าสุด, ประเทศไทย หัวข้อข่าว

Similar News:คุณยังสามารถอ่านข่าวที่คล้ายกันนี้ซึ่งเรารวบรวมจากแหล่งข่าวอื่น ๆ ได้

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.
แหล่ง: CBSNews - 🏆 87. / 68 อ่านเพิ่มเติม »

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.
แหล่ง: CNBC - 🏆 12. / 72 อ่านเพิ่มเติม »

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.
แหล่ง: CNBC - 🏆 12. / 72 อ่านเพิ่มเติม »

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.
แหล่ง: CNBC - 🏆 12. / 72 อ่านเพิ่มเติม »

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.
แหล่ง: CNBC - 🏆 12. / 72 อ่านเพิ่มเติม »

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.
แหล่ง: FoxBusiness - 🏆 458. / 53 อ่านเพิ่มเติม »