Top 5 Financial Stocks To Own For 2018

The beginning of 2016 was so bad, investors fretted that the market was heading for a repeat of the financial crisis. Instead, stocks have turned positive on the year.

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The Dow Jones Industrial Average has gained 185.04 points, or 1.1%, to 17,510.80 at 2:38 p.m. today, putting it up 0.5% for the year. The S&P 500, meanwhile, has gained 0.8% to 2,043.01, putting it up 0.1%. The Nasdaq Composite, however, is still off 4.5% so far this year after ticking up 0.2% to 4,775.28 today.

Today’s rally follows yesterday’s decision by the Fed to hike rates at a slower pace. In a note yesterday, JPMorgan’s Jason Hunter called the market “overbought” but said it probably doesn’t matter. He explains why:

We maintain the bullish medium-term bias that was adopted on the initial rally through 1850 and see little in the technical work that suggests we should change tack at the moment. Short-term momentum, internal, and sentiment indicators are moving toward or into overbought territory, but absent a material deceleration in the underlying trend, we actually view that as a bullish signal. While not always the case, price usually does not peak with those indicators. More often than not, momentum and internal indicators diverge from the underlying price trend before a more material reversal unfolds. Currently, the vast majority of those indicators on the daily time-frame are just probing overbought territory now. In only select cases do we see the most tactical or fast moving of those metrics starting to diverge from the rally. In our view, the significance of the Jan-Feb setup that led us to adopt a bullish medium-term bias has the potential to propel a material and lasting rall y. As such, until we see the rally decelerate and price action carve out a distribution pattern, we are inclined to manage that view with a trailing stop-loss strategy. To that end, we view the 1969-1970 and 1930-1950 areas as key levels of support for the medium-term outlook. For those who followed call to buy strength through 1850, we think it makes sense to use a split stop for that position just through those two support zones. Intervening tactical support rests at 1989-1992.

Top 5 Financial Stocks To Own For 2018: Swedish Export Credit Corp (GRU)

Advisors’ Opinion:

  • [By Casey Wilson]

    Investing in commodity-based ETFs (exchange-traded funds) or ETNs (exchange-traded notes) is a great way to gain exposure to a specific commodity, like corn (NYSE Arca: CORN), livestock (NYSE Arca: COW), or grains (NYSE Arca: GRU).

Top 5 Financial Stocks To Own For 2018: Barclays PLC(BCS)

Advisors’ Opinion:

  • [By Jon C. Ogg]

    Barclays PLC (NYSE: BCS) was raised to Overweight from Equal Weight at Morgan Stanley. Its American depositary sharesclosed up 2.6% at $11.36 on Thursday and were indicated up 1.2% at $11.50 on Friday. The52-week range is $6.76 to $12.05.


    Banco Santander (SAN) : “I prefer Barclays (BCS) , but let’s wait and see what the other banks have to say”

    ProLogis (PLD) : “I am not a fan of that group right now, but that one is best of breed.”

Top 5 Financial Stocks To Own For 2018: CBOE Holdings Inc.(CBOE)

Advisors’ Opinion:

  • [By Saumya Vaishampayan var popups = $(“.socialByline .popC”); ]

    Those who dabble in derivatives tied to the CBOE (CBOE) Volatility Index are placing bets that pay out if the stock market keeps swinging, and especially if it drops.

  • [By David Zeiler]

    Bats Global Markets was acquired on Feb. 28 by the Chicago Board Options Exchange (Nasdaq: CBOE).

    But the Bats BZX Exchange has had a bigger role than just serving as the place where the Winklevoss ETF will be listed…

  • [By CNNMoney Staff]

    Stocks continued to rally despite the fact that options trading was temporarily halted Monday afternoon at exchanges run by CBOE Holdings (CBOE), Nasdaq OMX (NDAQ), BATS Global Markets and Miami International Holdings due to issues at the Options Price Reporting Authority (OPRA), which provides trading data and price quotes.

Top 5 Financial Stocks To Own For 2018: Ishares Trust Dj Us Financial (IYF)

Advisors’ Opinion:

  • [By Wayne Duggan]

    Investors looking to set up a pair trade to capitalize on the divergent paths of U.S. and European banks should consider going long the iShares Dow Jones US Financial (ETF) (NYSE: IYF) and short the Ishares MSCI Europe Fincls Sctr Indx Fd (NASDAQ: EUFN).

Top 5 Financial Stocks To Own For 2018: Euro/Yen(EJ)

Advisors’ Opinion:

  • [By Belinda Cao]

    E-House China Holdings Ltd. (EJ), a real estate brokerage, gained 9.2 percent to $9.70, extending it advance to a third week. Its American depositary receipts retreated 3.1 percent Sept. 20 from the highest level since May 2011.

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