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3 Financial Stocks Trying to Bounce Back
Episode 3728th August 2020 • The Stock Power Podcast • Money & Markets
00:00:00 00:26:07

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It’s starting to make a run, but gains have been difficult to come by this year in the financial sector.

Financials is the second-worst performing sector of the S&P 500 — just in front of energy.

Its recent run could turn things around, but those gains may be elusive until the economy shows a strong indication of rebounding from the coronavirus pandemic.

That pandemic pushed the U.S. economy into a recession as thousands of businesses were forced to close and millions of Americans were laid off or furloughed due to lockdowns.

The S&P 500 Finance Sector SPDR ETF (NYSE: XLF) — an exchange-traded fund tracking some of the biggest financial stocks — jumped more than 41% since reaching a low in March 2020.

But it’s still 19% off its previous high set back in mid-February 2020.

In this episode of The Bull & The Bear, host Matthew Clark talks with Money & Markets Chief Investment Strategist Adam O’Dell about three finance sector stocks.

They’ll examine what each of these three companies do and how they’ve performed recently.

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