Chart Courtesy of Thomson/Reuters
I still give the finance sector an equal-weight asset allocation rating. If you would like to review all sector ratings, here's my post from July 2, Sector Ratings Set Asset Allocations. Following monthly benchmark revisions the number of buy-rated stocks fell to 114 from 176 with the number of sell rated-stocks down to 57 from 143. Given this balance the finance sector of 2954 stocks keeps its equal-weight rating.
On July 5 I wrote, Alcoa and 'Too Big to Fail' Banks Key Next Week's Earnings and profiled two community banks and two of the four 'too big to fail' money center banks. By the end of next week we will have heard from all four of the biggest banks and 14 community and regional banks. By then we will know whether or not bank leadership can be sustained.
At the time of publication the author held no positions in any of the stocks mentioned.
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