Is the Financial Sector Poised for a Major Directional Move?
JP MORGAN CHASE(JPM) MarketBeat·2024-04-29 19:31
Key PointsThe financial sector has outperformed YTD, with an increase of over 8.5% compared to the overall market's 6.9%.The sector ETF is consolidating above previous resistance, with converging 20-and 50-day SMAs.The upcoming earnings report of the ETF's top holding, BRK.B, scheduled for May 3, could serve as a directional catalyst for the entire sector, given its narrow range.5 stocks we like better than Financial Select Sector SPDR FundThe financial sector, an outperformer year-to-date, up over 8.5% com ...