Tepper's Appaloosa Management is up 5.6% over last quarter, according to a 13F filing.
According to the Lex Van Dam Trading Academy, the market indicators checklist had turned neutral, from a previously positive reading. This suggested avoiding a directional view on risk markets (e.g. stocks vs bonds) in favor of selling extremes within a range over the coming month.
Breakouts on charts of key financial stocks suggest that this could be the sector to watch in the final months of 2017.
The FAANG stocks are boosting returns for actively managed mutual funds.
Hedge funds have made financial stocks their most underweight sector, per Goldman Sachs. Meanwhile, mutual funds remain bullish on financials.
A key financial sector ETF has broken through key support levels.
Bullish patterns on the charts of these financial assets imply significant room to the upside.
The energy and financial services sectors are delivering stout earnings growth.
Bull flags are forming for JPMorgan and Citigroup stock.
Earnings season is here, and that could mean a big shift for bank stocks.