EXCLUSIVE: Financials 'Looking Favorable' After JPMorgan Earnings — Market Strategist Jay Woods Says Sector 'Just Joining The Party'
Portfolio Pulse from Chris Katje
The financial sector looks favorable after a strong earnings report from JPMorgan Chase, according to market strategist Jay Woods. JPMorgan and Berkshire Hathaway are leading the sector, with the SPDR Select Fund – Financial also showing strong performance. Woods suggests that financials could continue to perform well, especially if Donald Trump returns to the White House.
July 18, 2024 | 8:04 pm
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POSITIVE IMPACT
Berkshire Hathaway is trading positive and outperforming in recent weeks, making it a strong player in the financial sector.
Berkshire Hathaway's recent positive performance and its significant market capitalization suggest a favorable short-term impact on its stock price.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 80
POSITIVE IMPACT
JPMorgan Chase's strong earnings report positions it as a leader in the financial sector. The stock is hitting new all-time highs and is expected to continue performing well.
JPMorgan's strong earnings report and its position as a leader in the financial sector suggest a positive short-term impact on its stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
The SPDR Select Fund – Financial has shown strong performance, up 15.9% year-to-date. The ETF tends to perform well in up years, averaging 21.5% gains.
The historical performance and current year-to-date gains of the SPDR Select Fund – Financial suggest a positive short-term impact on the ETF.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 70