How
nasty is it to think “shill” every time we hear managers tout “the financials?” Yet, there it is daily while financials do absolutely nothing at all–again. We’ve been hearing the call to “the financials” since 2017.
We’ve been hearing more than a year that the NIM(net interest margin) will expand as interest rates rise. The amount banks make off deposits will grow as money becomes more expensive. Thus, bank stocks should benefit, names like; JPM, BAC, WFC, C, GS, MS, etc.
Could it be more accurate that interest rate hikes will only be good for big banks? Small banks tell us that their margins are squeezed by hikes, every hike.
Who can tell if big banks will move? We know financials also look like Paypal and Square, and both are moving. Here’s precisely where PYPL is technically right now.
PayPal
1 Year EPS growth 47.4%.
1 Year Forecast EPS growth 23%.
Market Cap $102b.
PYPL, 6-21-16, lose.
- While challenging recent high, PYPL’s price action has been strong. Point 3. highlights strong price action–the indicator to monitor in battles(SJChart.)
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Additional resources:
Investopedia.com. Seriously Wonderful. Fact.
http://www.investopedia.com/
Charles Schwab. In Our Opinion, the best broker going.
https://www.schwab.com/public/schwab/client_home
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