Regional Banks are HOT update...
I haven't given you an update on the regionals in quite some time now (Media stocks were so HOT lately that I just had no time to give you updates on anything else).
Back on Jan. 22, 2010 I had my first Regional Banks are HOT post, in which I listed 10 stocks I said I think will kick S&P's butt.
Then, I said it again in my Once again: Regional Baks are HOT post.
Not a single person agreed with me. I was even told I'm throwing darts (drunk).
Let's now take a look at the returns of these 10 stocks since Jan. 22, 2010 (that was 3 months ago):
WBS up 42.7% (up 6.5% just today)
RF up 34.8%
FMBI up 25.5% (up 7.7% just today)
FITB up 25.3%
STBA up 24.6%
FULT up 20.8%
NPBC up 14.6%
PACW up 13.3%
CVBF up 9.8%, and
EWBC up 7.6%
So that's it. All 10 regionals, all 10 with positive returns.
Not too bad, if you ask me. It looks like dart throwing is working pretty good... :)