BAC Making New Highs
By Johns Wu on Sep 25, 2006
BAC, Bank of America Corp., is making new highs, just like many of the other stocks in the XLF Financial Select Sector SPDR.
The finance sector is really hot right now, with many stocks trading near all time highs. It is definitely one of my favorite sectors right now. Here are some other stocks in the XLF for trade ideas.
TOP 10 XLF SPDR HOLDINGS ( 50.14% OF TOTAL ASSETS)
C - Citigroup
BAC - Bank of America
AIG - American International Group
JPM - JPMorgan Chase
WFC - Wells Fargo
WB - Wachovia
MS - Morgan Stanley
AXP - American Express
GS - Goldman Sachs Group
MER - Merrill Lynch
This entry was posted on Monday, September 25th, 2006 at 3:17 pm and is filed under Annotated Analysis.
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I spoke to the PM @ American Century Investments. He runs the mid cap value and value funds and said BAC is thier biggest holding…We’re buyimg the stock ourselves…report should follow in due time. There is a rumor corssing the Street saying that BAC will be snapped up…possibly by GS. I don’t give that idea too much weight, but I do know that BAC is spending heavily to ramp up their capital markets division..they want to take GS to the cleaners, according to the insiders I spoke to. BUY.