Hope everyone has been following the markets heavily this week and the big events still to come. If you don’t know what to what for then read our article: What to Watch For This Week: Key Economic Data, Earnings From Caterpillar, Yahoo, & Facebook Below we have a great list of articles all looking into the great predictions for 2013 and beyond. So sit back, relax, and enjoy the articles below. Like always, if you have any investment questions or need advice on a specific stock, Stocks on Wall Street is always here for you so feel free to Contact Us at anytime. We always love to hear from our readers so please shoot us an email. Also let us know what you think about the articles below and your thoughts on the markets current climate by either commenting below, posting on our Facebook Fan Page or by sending us either Stocks on Wall Street or our Founder a Tweet
Investors Pivot Back to Banks WSJ
It’s Too Soon to Celebrate a Recovery Bloomberg
How Productivity Tools Can Waste Your Time WSJ
Amazon Profits Fall 45 Percent, Still the Most Amazing Company in the World Slate
The great ETF mega-war Fortune
Solar: It’s about to be a whole new world. Noahpinion
This Year, Getting Knocked Off Balance May Be a Good Thing WSJ
Six ways our brains make bad financial decisions The Globe and Mail
As Music Streaming Grows, Royalties Slow to a Trickle NYT
8 Other Nations That Send Women to Combat National Geographic
10 Business Lessons from the Beatles Money & Markets
Financial Stars Behind Bars? Project Syndicate
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Bank stocks have been the talk of Wall Street throughout the past year. Analysts constantly switch their view from buy to sell never letting the average investor know which action to take. I’m here to saw that there are plenty of reasons to be bullish on bank stocks. Here are my five reasons:
1. U.S. Economy is Improving – The sell off in equities has nothing to do with weakness in the U.S. economy rather than global fears. In fact, the U.S. economy is improving month by month. We are seeing a rise in consumer spending and have seen the U.S. employment rate fall steadily since hitting a high in January.
2. Regulatory Fears Are Excessive – All these expected regulations on Wall Street I feel are overblown. Everyone is scared that the government will bring down the hammer, which has kept these stocks price points low.
3. Everyone Else is Selling – Warren Buffet has always said “It pays to be greedy when others are fearful and fearful when others are greedy proves itself time and time again.” Right now is a time to be greedy. Snatch up those undervalued banking stock and reap the rewards.
4. European Worries Are Overblown – The fact is many U.S. banks have no exposure in retail business throughout Europe. This means that they are not exposed to all the failures ahead and have no reason to worry.
5. Expect Lower Tax Bills Ahead – Due to the huge losses many banks absorbed the past year or so will mean that they pay virtually no taxes this year. That will help earnings estimates and allow banks to increase book value if they beat estimates.
For individual stock picks last week I talked about “What to Expect from Large CAP Banks” and sometime later this week I will discuss my favorite Small-Mid Cap Banks.