Aggressive traders can use the Direxion Daily Financial Bear 3X Shares (NYSEArca: FAZ), ProShares UltraPro Short Financials (NYSEArca: FINZ) and Direxion Daily Regional Banks 3x Bear Shares (NYSEArca: WDRW) to capitalize on any further downside from bank stocks and the broader financial sector.
Some analysts and traders argue that investors should be careful in making bullish bets on the financial services space, the S&P 500’s second-largest sector allocation, leading up to earnings season. In fact, analysts currently are not all that enthusiastic regarding bank stocks.
“Regional banks are often overlooked in favor of the majors, but based on the charts shown above; it looks as though spring 2017 could be the ideal time for investors to consider adding a position,” reports Investopedia.
For more information on the financial sector, visit our financial category.