Financial Stocks May Start To Lead The Market This Week
Magic Formula Stock Review: Total System Services (TSS)
Total System Services is one of the largest providers of electronic payment processing services to banks and retailers worldwide. New contract wins overseas are helping to offset customer losses stemming from consolidation in the financial industry, but there are few near-term catalysts for growth.
Markets around the world have declined in January. In the U S, the large-cap S&P 500 and the small-cap Russell 2000 benchmarks are down 3.6% and 3.7%%, respectively.
The decline in overseas stock investments has been larger. The MSCI EAFE and MSCI EM indexes commonly used to measure the performance of developed and emerging markets are down 5.1% and 7.8% respectively.
76% of 68 Trade Ideas This Week Were Winners - Many Still Active!
Read the weekly reviews of Philstockworld Member picks rarely available to the public!
An in-depth review of the week's trading and the news that made it happen along with links to more analysis as well as a detailed discussion of how we take advantage of day-trading index options during expiration week - something we are able to do every month of the year!
he subjects covered in my last post, namely sector rotation and imploding volatility, received some face time in Friday night's Options Action. What insight did the gurus have to add?
Well, none really.
As to whether or not the rotation out of tech and into financials is here to stay, the best two points made were:
Healthy Markets Have Corrections. (NYSE: FNM, FRE, C, WFC, GS)
Since the March low when the SPX traded at 666 the market has had a rally beyond comparison. The SPX is currently trading at 1125 and this is a 460 point move in ten short months. It is important to realize since this bull run began that the market has not experienced a single 10 percent correction. This is not healthy action.