It's Not the End of Banks... But It's Not Time to Buy Yet

Not much in life is scarier than the thought of your savings getting wiped out... Most people these days hold their money in a bank. And for the most part, it's safe – even if it's not all physically in the bank's vault. [Chaikin PowerFeed]( It's Not the End of Banks... But It's Not Time to Buy Yet By Briton Hill, analyst, Chaikin Analytics Not much in life is scarier than the thought of your savings getting wiped out... Most people these days hold their money in a bank. And for the most part, it's safe – even if it's not all physically in the bank's vault. That's because the Federal Deposit Insurance Corporation protects up to $250,000 per depositor. But as humans, we don't always think and act clearly when something unexpected occurs... We often let our emotions get in the way. And we overreact in the heat of the moment. That's exactly what happened with the [recent banking crisis](... People panicked when Silicon Valley Bank and Signature Bank collapsed. A lot of folks even lined up to get their money out of community and regional banks to avoid losing everything. The entire banking industry suffered... Household names like [Charles Schwab (SCHW)]( fell by more than 30% in the aftermath. Several small banks almost suffered the same fate as Silicon Valley Bank and Signature Bank. For example, First Republic Bank's (FRC) stock fell around 90% in about two weeks. But despite what you've likely seen or heard, it's not the end of banks as we know them. In fact, many bank stocks are starting to get attractive. So as investors, it's a good time for us to keep a close eye on the space. And we can do that with the Power Gauge's help... Recommended Links: [Prepare for a 90-Day Stock Market Shakeup]( It doesn't matter if you have money in stocks right now or are waiting on the sidelines. According to Marc Chaikin, the short period we're about to enter changes everything. [Click here to learn more](. [Until MIDNIGHT: Claim 1 Free Year of Income Intelligence (& More)]( Until midnight tonight, you can claim a FREE year to what may be the ONLY strategy that could pay you 14% yields (or more) with little risk... and set you up for long-term income streams as high as 29% per year... plus HUGE capital gains. This is Dr. David Eifrig's hands-down No. 1 favorite strategy ever... and he says it's now the best environment he has seen in 10+ years to deploy it. [Click here for full details](. (Expires at midnight tonight.) The government rushed in during the early days of the banking crisis to guarantee customers' deposits. And more than a month later, the panic within the space has mostly settled down. But the prices of many bank stocks are nowhere near their previous peaks... For example, First Republic is still down about 90% since early February. Take a look... [Chaikin PowerFeed] Now, you'll notice that the Power Gauge is currently "neutral" on First Republic. That tells us the system is in a wait-and-see mode. So for now, we'll follow its lead with this stock. Other regional banks are in a similar situation to First Republic today. But notably, the Power Gauge is slightly more positive. That's the case with Bank of New York Mellon (BK)... [Chaikin PowerFeed] The system is "neutral+" on this stock. And I want to point out the Chaikin Money Flow indicator below the main chart. You can see that it recently flipped into the green zone. That means the "smart money" is buying again. We love to follow in the footsteps of these powerful investors. And it's a good indicator that a buying opportunity could be developing. Folks, the bottom line is simple... We aren't ready to sound the "buy" alarm on regional-bank stocks yet. But importantly, the entire industry is showing signs of stabilizing. Banks aren't going away – not anytime soon, at least. And a "run on the banks" nowadays just means people are moving their hard-earned savings from one bank to another. Few folks actually stash stacks of cash in their basement anymore. That means we can expect the banking industry to stage a comeback at some point. And when that happens, it could lead to huge returns for investors. The Power Gauge is starting to shift toward better rankings already. And for the most part, the panic from earlier this year has subsided. Now, we just need to sit and watch patiently. Our one-of-a-kind system is designed to help us know the right moment to buy. For now, keep these bank stocks on your radar. A strong rally could happen soon. Good investing, Briton Hill Market View Major Indexes and Notable Sectors # Hld: Bullish Neutral Bearish Dow 30 +0.19% 9 20 1 S&P 500 +0.10% 143 286 70 Nasdaq -0.21% 45 42 13 Small Caps -0.06% 408 973 503 Bonds +0.97% Energy +1.53% 2 14 7 — According to the Chaikin Power Bar, Large Cap stocks are more Bullish than Small Cap stocks. Major indexes are mixed. * * * * Sector Tracker Sector movement over the last 5 days Staples +1.61% Utilities +1.01% Health Care +0.44% Industrials +0.23% Energy +0.09% Materials -0.18% Financial -0.36% Discretionary -0.40% Real Estate -0.94% Information Technology -1.39% Communication -2.14% * * * * Industry Focus Dow Jones REIT Services 8 33 70 Over the past 6 months, the Dow Jones REIT subsector (RWR) has underperformed the S&P 500 by -4.06%. Its Power Bar ratio, which measures future potential, is Very Weak, with more Bearish than Bullish stocks. It is currently ranked #20 of 21 subsectors. Indicative Stocks [rating] AIRC Apartment Income REI [rating] OHI Omega Healthcare Inv [rating] SLG SL Green Realty Corp * * * * Top Movers Gainers [rating] FRC +12.20% [rating] ALB +5.88% [rating] MDT +4.62% [rating] HAL +3.20% [rating] F +2.96% Losers [rating] CARR -7.28% [rating] KEY -3.97% [rating] T -3.79% [rating] ZION -3.68% [rating] VTRS -3.32% * * * * Earnings Report Reporting Today Rating Before Open After Close BIIB, UPS, DHR, DOW, FISV, GE, RTX, PHM, PEP, KMB, LH, NVR GOOGL, MSFT, TXN, V MCO, MMM, MSCI, NEE, NTRS, MCD, PCAR, IVZ, HAL, GLW, SHW, CNC, ADM CB, CMG, ENPH, ILMN, JNPR, PKG, UHS VZ BXP, EQR No earnings reporting today. Earnings Surprises [rating] ARE Alexandria Real Estate Equities, Inc. Q1 $0.83 Beat by $0.07 [rating] KO The Coca-Cola Company Q1 $0.68 Beat by $0.03 [rating] BRO Brown & Brown, Inc. Q1 $0.84 Beat by $0.03 [rating] CDNS Cadence Design Systems, Inc. Q1 $1.29 Beat by $0.04 [rating] AMP Ameriprise Financial, Inc. 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