Stocks for Breakfast | Bank Stocks Earnings 1-15-21
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Trading Game Plan: 1-15-21
JPMorgan and Wells Fargo Rise Ahead of Earnings Reports
Wall Street is bullish on JPMorgan, Bank of America, Citigroup and Wells Fargo amid an expected economic rebound.
Bank stocks, including JPMorgan Chase (JPM), Bank of America (BAC) Citigroup (C) and Wells Fargo (WFC) - Get Report, rose Thursday ahead of what investors expect will be strong numbers.
Source:
Banks stocks rallied off the November 2020 lows and accelerated recently. I'm expecting good numbers (beating lower expectations) to set up new swing trades after a couple of days of profit taking.
With the stock market hitting new all-time highs recently we're creating a trading game plan seeking to capitalize on the "bullish echo."
That means new swing trades planned for next week as hot stock picks pause setting up better entries for risk reward.
Stock on the watch list include SFIX, UPWK, BBBY and W for day trades today.
New swing trades include DD, UPWK and RUN.
A few stocks I've set alerts for include LAZR at 26, and FEYE at 24, and SOL at 28 (SOL is a swing trade we're looking to book profits on from earlier in the week.)
