Josh Brown says this bank stock on his list has a 'holy trinity' setup going for it
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(This is The Best Stocks in the Market , brought to you by Josh Brown and Sean Russo of Ritholtz Wealth Management.) Josh — We first wrote up Citizens (CFG) for you six months ago and the picture has …
(This is The Best Stocks in the Market , brought to you by Josh Brown and Sean Russo of Ritholtz Wealth Management.) Josh — We first wrote up Citizens (CFG) for you six months ago and the picture has become even clearer since. Put simply, they have the best earnings growth in the space, the most interesting story and a flawless chart. I call this sort of set-up a Holy Trinity: sector strength, company fundamentals and stock chart all working together at the same time. I live for this. This is why I bought some for myself the other day (as mentioned during Tuesday's " Halftime Report "). Clients of Ritholtz Wealth Management running our Porterhouse separately managed account strategy are also invested in the name. With that disclosure out of the way, I'm going to let Sean tell you the story, starting with the backdrop of a sector-wide rally that very few commentators are talking about. Afterward, I'll come in with a look at the technicals and some risk management comments. Best Stock Spotlight: Citizens Financial Group, Inc. (CFG) Sean — Regional banks are breaking out right now. The State Street Regional Banking ETF (KRE) is a beautiful example of a consistent, durable trend higher, it's exactly what we want to see. Price almost perfectly cuts across the chart from the bottom left to the top right. Each low is followed by a higher low, and each high is followed by a higher high. …
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