With the pull out of cash from banks. Wells Fargo stock has fallen 25% or so and has recovered some. Earnings are on the 4/14 along with Jp Morgan. With the high interest rates. There's no way banks aren't making profits hand over fist.
I'm thinking it's a solid buy as the price is low right now and there's always the pre-week price run up before earnings.
Buy now. Sell at the top of the jump post earning release.
Day traders will sell off after jump and then hopefully the earnings will calm the bank fear craze and we'll have us a nice market rally.
Thoughts?
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