The postelection rally sent all kinds of stocks soaring…
Small-cap stocks were one of the biggest winners. The broad market rallied hard, too. And so did another sector crucial for the overall economy… financials.
Even banks and insurance companies jumped after the election. The overall sector soared 6.1% the following day. And the largest bank in the U.S. was up 11.5%.
That massive one-day rally sent the stock into “overbought” territory. Normally, that would be a bad sign. But this time, according to history, it means shares could rise another 15% from here… And that makes this a blue chip to consider owning right now.
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