The major indexes had a bit of an upswing this week, bolstered by a slate of earnings reports that were a little better than expected. I'm not sure it's going to last, but there are some categories of stocks benefiting from a nice bump right now, and when that happens, there's always an opportunity to make some money.
One area where we're seeing a lot of bounceback is in banks, especially the big names. They got hit on earnings last week and have since come back up. Morgan Stanley, Goldman Sachs, Bank of America, Citigroup... they're all up from their previous lows in a spectacular way, close to 20% for some of them.
That's a great ride higher, but you shouldn't bother with them. None of them are stable enough to handle the volatility that is to come without falling back to earth...
...except one, which is making some more conservative moves right now than its peers and preparing itself for the long haul.
So this week, I want to turn your attention to the "underdog" bank stock that may not have bounced to the same heights as the others, but could yield you a 50% gain in the next two years - no matter how choppy the markets get.
And it's paying a 3.5% dividend on top of that. I think you should invest whatever you can here - even if it's just $100 - because it makes a great potential recession hedge.
Check out this video for the ticker...
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The bear market is still in full swing, and we're not at the end of the tunnel yet - the S&P is still down 17% for the year, representing a $2.3 trillion dollar loss that's going to hit a lot of everyday folks in the wallet. Pensions, 401k's, IRAs - you name it - they're all taking massive hits.
But there are some moves investors can make right now that can "bully" down this bear market, if you know where to look. I've got a set of stock picks that are my version of fire insurance - the best cheap trades I can find right now with the best potential for safe returns.
And you can get them all for just $5. Go here for all the details...
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