How Do Stocks in the Financial Sector Look for 2017
How do stocks in the financial sector look in 2017? “I think the financial rally is losing steam,” Louis Navellier tells Nancy Zambell. “The Fed raised rates. That helps the financial profitability.” Still, he sees challenges ahead. “There are some pretty good earnings out there but I don’t think they’re sustainable. When I buy financials, I buy regional banks that could be acquired.” He offers tips and caution if you are considering ETFs in the financial sector.