The financial sector could also provide further momentum through increased stock buybacks after the Federal Reserve gave its go ahead, following the positive stress test results. [Financial ETFs: Banks to Offer Higher Dividends, More Buybacks]
Additionally, financial companies are fairly insulated from the effects of an appreciating U.S. dollar since main revenue streams in the sector comes from domestic sources.
Financial Select Sector SPDR
For more information on the financial sector, visit our financial category.
Max Chen contributed to this article.