This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

5 Financial Stocks to Trade for Gains

BALTIMORE ( Stockpickr) -- Stocks may be having a tough year in 2011, but the selling in the broad market doesn't even come close to the pain that's been felt in the financial sector this year. As a group, financials have sold off by more than 30.6% year-to-date, leaving investors in need of a 44% rebound just to get back to breakeven. But that may be exactly why it makes sense to buy financials right now.

Even though the selling in the financial sector has been brutal this year, a large number of financial names have been basing in recent weeks and months, pointing some traders to indications that we could see some semblance of a recovery in financials for 2012. With valuations looking cheaper than ever for the sector, value investors could join in on the act too.

>>7 Relative Strength Stocks to Beat the Market in 2012

The only caveat, of course, is that it doesn't make sense to buy up financial sector names with both hands. There's still considerable risk weighing against this industry. To find the names worth watching this week, we'll turn to the technicals.

For the unfamiliar, technical analysis is a way for investors to quantify qualitative factors, such as investor psychology, based on a stock's price action and trends. Once the domain of cloistered trading teams on Wall Street, technicals can help top traders make consistently profitable trades and can aid fundamental investors in better planning their stock execution.

With that, here's a look at five financial sector trading setups that could deliver breakout gains to your portfolio this week.
1 of 6

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
AFG $66.98 0.00%
AMP $80.15 0.00%
BKU $30.71 0.00%
CM $62.72 0.00%
KIM $26.29 0.00%


Chart of I:DJI
DOW 15,973.84 +313.66 2.00%
S&P 500 1,864.78 +35.70 1.95%
NASDAQ 4,337.5120 +70.6750 1.66%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs