Originally Posted by
Bullitt
MS, GS, BAC, JPM, WFC all increasing dividends by a substantial amount after getting the green light. A very bullish move.
Banks are probably the best all around value play that's left out there. Oil sector can get another push higher, but it's very cyclical, prone to big swings, and will sell off well before the numbers start to show peaking inventories. Sold my only oil sector stock two weeks which I picked up when oil was some $30 cheaper. The fed turmoil hit my stop and even though there is probably more upside, oil stocks are always just a swing trade for me and this just happened to be a wonderful snap back rally.
Bank stocks though, those are long term holds, especially when dividends are rising.