Zacks' Voice of the People Highlights Opportunities With JPMorgan Chase, Wells Fargo, Bank of America, Citigroup and Morgan Stanley

CHICAGO, June 28, 2011 /PRNewswire/ -- Zacks highlights commentary from People and Picks Trader "inthemoneystocks".


For more Voice of the People, visit

Featured Post

"Too Big to Fail" Leads Markets Higher

The large major banks are catching a bid higher this morning. This leading industry group has been very weak recently on the daily charts. Therefore, when the large major financial banks rally higher it is very difficult to see the major stock indexes come under pressure.

JPMorgan Chase & Co. (NYSE: JPM) is the leading financial stock in the entire stock market. This stock is trading higher by 0.46 cents to $39.95 a share. On June 24, 2011 JPM stock made a new low for 2011. The stock remains below all of its major daily chart moving averages, which puts the stock in a weak technical position. The stock will have intra-day resistance around the $40.10 and $40.50 levels.

Wells Fargo & Co. (NYSE: WFC) is one of the leading financial stocks that has showed some relative strength when compared to the rest of the major bank stocks. WFC made a low on the daily chart on June 8, 2011 at $25.26 a share. This morning WFC stock is trading higher by 0.26 cents to $27.51 a share. WFC stock should face intra-day resistance around the $27.60 and $27.85 levels.

Other leading financial stocks that are trading higher this morning include Bank of America Corp. (NYSE: BAC), Citigroup Inc. (NYSE: C) and Morgan Stanley (NYSE: MS). As long as the large financial stocks hold up, it is difficult to see the major stock indexes decline lower. Should the leading financial stocks decline during the trading session the major stock indexes could fall like a rock. The major market indexes are still very fragile at this time.

About the Zacks Community

In 2008, Zacks Investment Research launched, a stock-picking website where members of the Zacks community can test their strategies and share ideas with other members. Each user is scored on the accuracy of his or her picks, and top users are rewarded with free products from Zacks. Registration is free. To learn more about People And Picks, visit

About Zacks is a property of Zacks Investment Research, Inc., which was formed in 1978 by Len Zacks. As a PhD from MIT Len knew he could find patterns in stock market data that would lead to superior investment results. Amongst his many accomplishments was the formation of his proprietary stock picking system; the Zacks Rank, which continues to outperform the market by nearly a 3:1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment Research is through our free daily email newsletter; Profit from the Pros.  In short, it's your steady flow of Profitable ideas GUARANTEED to be worth your time! Register for your free subscription to Profit From the Pros by going to

Follow us on Twitter:

Join us on Facebook:  

Visit for information about the performance numbers displayed in this press release.

Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.

Disclaimer: Past performance does not guarantee future results. Investors should always research companies and securities before making any investments. Nothing herein should be construed as an offer or solicitation to buy or sell any security.

Contact: Brent Billock

People & Picks Manager
Phone: 312-265-9307

SOURCE Zacks Investment Research, Inc.

Data & News supplied by
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.