Banks made a comeback during this week's rotation, as the Financial Select Sector SPDR Fund is up 3.7% during the period — the best performance of any industry.
Banks are headed for a significant period of outperformance in the near term as the "Trump Trade" heats up, according to Wells Fargo. The market this week has not only reacted to Saturday's attempted assassination on former U.S. President and Republican presidential candidate Donald Trump , which bolstered investors' confidence in his potential election win, but it has appeared to rotate away from megacap technology stocks into small-caps and other cyclical names.
Here are Thursday's biggest analyst calls: Nvidia, Gap, Exxon, Apple, Block, Toast, Allstate, AMC, Chipotle, Dollar Tree & more
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T.D. Jakes and Wells Fargo award $500k to Black-owned businesses at Dallas pitch competitionThe grant competition encourages minority small business owners and entrepreneurs to pitch their startups for money prizes.
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Wells Fargo cuts Nvidia position. Here's whyWells Fargo cuts Nvidia position. Here's why
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Chris Brown's '11:11 Tour' coming to the Wells Fargo Center this summerChris Brown will perform at the Wells Fargo Center in Philadelphia this summer for his '11:11 Tour.” Here's how you can snag tickets.
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Wells Fargo's top five portfolio ideas for the next 18 monthsWells Fargo's top five portfolio ideas for the next 18 months
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