Despite the carnage on the street today, Wells Fargo (WFC) performed relatively well and closed green. This to me is indication that this thing is ready to march upwards towards earnings. I’m not the guy to jump up and say we are in a full blown recovery or even a recovery for that matter, but the downhill slide has abated.
Wells Fargo had a decent quarter last earnings and I believe we may get another one this month…Stay Tuned! 28 - 30 here we come.
Disclaimer: I am LONG Wells Fargo (WFC) stock as of the posting date of this article. This post is merely to present an idea and not to try to persuade you to buy/sell any security within. Please do your own Due Diligence BEFORE making any trades.
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