Financial stocks — like those represented by the Financial SPDR (XLF) — are an important part of the U.S. economy, and make up about 17% of the S&P 500. That makes financials the second-largest sector behind technology — though the tech sector is largely influenced by Apple Inc. (NASDAQ:AAPL) and its enormous market capitalization.
So, considering the heavy importance of financials in the S&P 500, it’s difficult for the index to make a trending move higher without support from banks, insurers, brokers and other financial stocks.
Here are three financial stocks I am watching closely this spring for a potential rally.
Read my full analysis HERE