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S&P 500
Benzinga
21 days

Top 2 Financial Stocks You May Want To Dump In Q3

1. Live Oak Bancshares upgraded to Outperform; target raised to $43. 2. LOBS stock rose 32% this past month; 52-week high at $50.57. 3. ACRES Commercial Realty shows strong quarterly sales; shares up 15% recently. 4. RSI values for LOB and ACR suggest overbought conditions. 5. High momentum scores for both stocks may indicate future volatility.

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FAQ

Why Bullish?

The upgrades and strong performances of LOB and ACR may lead to increased investor interest, reflecting positively on S&P 500. Historical examples show strong momentum in financial stocks can lead to broader market performance boosts.

How important is it?

The financial sector's performance often directly impacts the S&P 500 due to its heavy weighting. The momentum indicators suggest volatility, which can affect overall market sentiment and trading.

Why Short Term?

The immediate positive news on stock upgrades and momentum suggests short-term price movements in S&P 500 may occur. Past market reactions, such as during the 2017 financial sector rallies, align with this timeframe.

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