The tech stocks helped the stock market rally again yesterday, as the XLK tech ETF and the SMH semiconductor ETF made new all-time highs. However, the tech stocks were not the only group that acted well yesterday.
It’s weird how the bank stocks usually pullback after their reporting season, but it’s not always the case. If you like the banks going forward, take a look at Bank of America (BAC)..as it should play catch up with JP Morgan (JPM) after the big divergence that has developed between the two stocks this year.
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