KBE - Introducing A New Way To Trade Financials: Big Banks Are Targets For Traders
If you’re trading the financial sector, you’re probably familiar with gyrating big-bank related headlines. You may even like them. Bank stocks can move, up or down, on all kinds of news. Just this month big banks surged and then retreated in a span of three days with headlines like:
- “Bank stocks (except Wells) surge amid strong results”
- “Wall Street dips after lackluster big bank earnings”
For traders, this kind of volatility can be a welcome and potentially profitable opportunity, especially if you can find a pure play on the largest, most closely followed names