Slow and steady is sexy in this market. While USB's limited exposure to subprime mortgages and structured finance products and 5% plus dividend would've made it a snoozer a few years back, it is certainly a solid candidate for investment now. Furthermore, a solid base has been put into this stock after Warren Buffet ventured into the name. That investment gave USB exactly what other financial stocks don't have: credibility.
The stock now seems to have put in a solid fundamental and technical base, opening the doors for an eventual rally after the choppiness subsides. As I've recommended before, look to buy this stock when it comes down to near, at or below its 200 sma. That level seems to be "golden", as it always pushes higher not too long afterwards.
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