Jumat, 30 September 2022

A Stock That Loves Rising Rates

Shield

AN OXFORD CLUB PUBLICATION

Wealthy Retirement

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Price Is What You Pay, value Is What You Get
 

If Warren Buffett Takes His Own Advice - This $2 Stock Just Might Be the Biggest Value in Wall Street History (See How to Get the Ticker Symbol Here!)

Can We Repeat Our Recent Banking Successes?

Jody Chudley, Contributing Analyst, The Oxford Club

Jody Chudley

During the COVID-19 crash, I pounded the table about the banking sector - specifically, the SPDR S&P Bank ETF (NYSE: KBE).

Seeing as American banks had historically strong balance sheets and rock-bottom valuations at the time, this ETF presented an exceptional buying opportunity.

Within one year of writing about the SPDR S&P Bank ETF, we were up 84%, trouncing the S&P 500.

The SPDR S&P Bank ETF Trounced the S&P 500
 

At the end of last year, I was pounding the table again, this time believing interest rates were on the verge of skyrocketing.

And boy, was I right! Last year, the 2-year Treasury yielded next to nothing. Today, it yields well over 4% and is still moving higher.

So where does the SPDR S&P Bank ETF stand now?

Join me in this week's Value Meter to find out.

Reveal the valuation.

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