Yew-SG
commented on
Yew-SG
commented on
BANKS because they represent increased interest income. If yields continue to increase, bank stocks will boom while the rest of the market will suffer. $Citigroup(C.US$ $Morgan Stanley(MS.US$ $Wells Fargo & Co(WFC.US$ $Bank of America(BAC.US$ and others who have coincidentally reported fantastic earnings this week, are significantly undervalued and their upside is undeniable. PT for Wells Fargo and Bank of America could be $60 by next earnings. PT for Morgan Stanley of $115 and $200 for JP Morgan are realistic possibilities 3 months from now IMO.
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![Increasing bond yields is bad for most equities, except for .......](https://ussnsimg.moomoo.com/moo-1618606896-71231753-iPhone-1-org.jpg/thumb)
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