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Stock Power Daily — Bank Stocks Crush It in July: Buy “Best of Breed” Regional Bank

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Bank Stocks Crush It in July: Buy "Best of Breed" Regional Bank

  • U.S. banks’ July stock performance was the best of the year.

  • Bank stocks rose 7.9% in July after falling 5.1% in June.

  • Today’s Power Stock is a regional bank in the South that rates a 99 on our proprietary system.

To combat high inflation, the Federal Reserve has one massive tool: interest rates.

When the Fed raises rates, it encourages banks to raise rates on loans.

The intent is to reduce the monetary supply and inflation.

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The chart above shows the S&P U.S. Banks Broad Market Index in July.

After hitting a bottom mid-month, bank stocks rallied on news of a rate hike.

The index posted a 7.9% jump in share price for the month thanks to the central bank.

It was the best month of 2022 for bank stocks. I have high conviction that this strong performance will continue.

Today’s Power Stock is an excellent regional bank in the South.

Click here or on the image below to find out more!

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⚡ Flash Bargains on Cryptos

Everywhere you look, it’s doomsday for cryptos:

  • Bitcoin has plummeted 70% from its high of nearly $68,000.

  • Coinbase laid off 1,100 employees.

  • The Celsius Network has filed for bankruptcy.

But America’s No. 1 crypto expert, Ian King, says not to worry. He’s seen this pattern play out before… As cryptos are in free fall, he’s telling people to buy another crypto … the Next Gen Coin.

Don’t miss out. See the coin experts say will be 20X bigger than bitcoin.


Check Out Our Most Recent Power Stocks:


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