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Financials Could Start the Earnings Season Off with a Whimper

August 5, 2023
in Trade Tube
Reading Time: 1 min read
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Some analysts are concerned the financial services sector could get the New Year started off with a whimper, and not a bang, if trading revenues disappoint. We’ll lead off with JP Morgan earnings, to be followed by Wells Fargo, which is looking to follow up on a 2014 where it was among banking sector leaders for market performance. Traders will be closely watching oil prices after a turbulent Tuesday, as well. And Jim Cramer is targeting Kinder Morgan for a boost, as it continues its mega-integration. Cramer is looking for the stock to hit $50 a share with energy prices stabilizing.

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