Financials: The 3 Best-Performing Financials Stocks of 2018 (So Far)

Industry Focus

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4.6 • 854 Ratings

🗓️ 10 September 2018

⏱️ 24 minutes

🔗️ Recording | iTunes | RSS

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Summary

The leaders of large-cap financials have been a data company, a subprime lender, and a unique banking institution.

Intro: The financials sector hasn’t been a great performer so far in 2018, underperforming the S&P 500 by more than six percentage points. However, there are some stocks in the sector that have done extraordinarily well. Here’s why Morningstar (NASDAQ: MORN), Credit Acceptance Corp. (NASDAQ: CACC), and SVB Financial Group (NASDAQ: SIVB) have all risen by more than 35% so far this year.

Transcript

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0:00.0	This episode of Motley Full Industry Focus Financials is brought to you by Casper,
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0:18.0	slash fool and using promo code fool at checkout.
0:22.0	Welcome to promo code fool at checkout.
0:27.0	Welcome to Industry Focus Financials, the show that dives into a different sector of the stock market every day.
0:31.0	It's Monday, September the 10th and I'm your host Shannon Jones
0:34.9	on today's financial show we'll be diving into the top performing large cap
0:40.2	financial stocks of 2018 so far and they're probably not the stocks you'd
0:45.4	expect. Also we'll chat about our top financial stock picks as well. I'm joined
0:50.2	here by Financial's guru and all- around great guy, Matt Frankel and I should also
0:55.7	add certified Financial Planner, Matt Frankl.
0:58.8	Matt how are you?
0:59.8	Very good.
1:00.8	Thanks for that excellent intro. I'm working on it just for you Matt.
1:06.2	All right, Matt. So before we dive into the specific stocks, we should probably start off by just talking about the performance of the overall
1:15.3	financial sector in 2018 so far.
1:19.5	And I mean, really, to be honest, it hasn't been that great particularly when you consider the performance of 2016,
1:26.8	2017 and even things like tax reform and rising interest rates.
1:31.8	So what gives with the overall sector performance map?
1:36.0	Well just to kind of run through the numbers real quick, just year to date
	...

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