The Capital One offer to acquire Discover Financial Services, which would result in the formation of the biggest credit card company in the US, is currently pending regulatory approval.
Technicals underpinning the current outperformance trend are strong. The backdrop of long-term sector-level underperformance makes this a very intriguing setup for the bull.
The Financial Sector persists in a strong YTD uptrend and stock and industry level performance continues to show broad participation
S&P futures are up 0.6% on Monday morning following a mostly lower week for US equities, where the S&P 500 snapped a six-week winning streak, while the Nasdaq secured its seventh consecutive weekly gain, buoyed by big tech. Asian markets were mostly positive overnight, led by Japan, which rose nearly 2% on election results. European
ETFsector.com Daily Trading Outlook, October 28, 2024 Read More »
S&P futures are higher Friday morning after a mixed-to-higher close on Thursday, where the S&P 500 snapped its three-day losing streak. Tesla (TSLA) led gains on strong earnings, while software, logistics, managed care, homebuilders, and hotels outperformed. Laggards included rails, hospitals, precious metals, and ride share. Overnight, Asian markets were mixed with Greater China up,
ETFsector.com Daily Trading Outlook, October 25, 2024 Read More »
Upcoming events include earnings reports from Tesla, Amazon, Coca-Cola, housing market data, and comments from the Federal Reserve. Tesla is expected to report on its financial performance.
Anticipated market trends for the upcoming week. Read More »
Strategic Financial Concepts LLC purchased a new portion of shares in Capital One Financial Co. (NYSE:COF) during the second quarter as reported in the company’s latest Form 13F submission to the SEC.
Envestnet Portfolio Solutions Inc. increased its stake in Capital One Financial Co. (NYSE:COF) by 2.4% in the second quarter, according to HoldingsChannel. The company now holds 16,203 shares of the financial institution.
With inflation continuing to look a bit toothless, we are expecting XLF to regain some of its footing in July.
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