🎁ETF $KRE Show W Bottom Breakout, Benefit From Banks Positive Earnings

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1. $SPDR S&P Regional Banking ETF(KRE)$ show W bottom breakout on daily & weekly chart.

According to BNK Invest, they have detected an approximate $160.2 million dollar inflow — a 5.0% increase week over week in outstanding units. As of 18 July, $SPDR S&P Regional Banking ETF(KRE)$ price at $45.82 with a -22.15% YTD in 2023.

2. Why to focus on $SPDR S&P Regional Banking ETF(KRE)$

• With the gradual dissipation of the banking crisis in March and the boost of consumption in Q2, the financial reports released by the banks since last week all showed that they exceeded expectations.Many banks including $JPMorgan Chase(JPM)$，$Wells Fargo(WFC)$， $Bank of America(BAC)$ , $PNC Financial Services Group Inc(PNC)$ , $Charles Schwab(SCHW)$ , $Bank of New York Mellon(BK)$ show positive react after earnings. $Morgan Stanley(MS)$. $Goldman Sachs(GS)$ and $Citigroup(C)$ will release data before Wednesday trading.

  Data as 18 July 2023

• The average price target for $SPDR S&P Regional Banking ETF(KRE)$ is $49.64. This is based on 537 Wall Streets Analysts 12-month price targets, issued in the past 3 months. The highest analyst price target is $57.19 ,the lowest forecast is $43.39.

• $SPDR S&P Regional Banking ETF(KRE)$ top 10 holding banks are, $New York Community(NYCB)$( YTD23 +38.95%), $Bank Ozk(OZK)$ (YTD23 +10.63%), $East West(EWBC)$ （YTD23 -8.07%）, $Huntington Bancshares(HBAN)$ （YTD23, -17.38%）, $Cullen/Frost Bankers(CFR)$ (YTD23, -15.45%), $Synovus(SNV)$ (YTD23, -8.42%), $M&T Bank(MTB)$（YTD23, -7.1%）, $Webster(WBS)$ (YTD23, -8.89%), $Regions(RF)$（YTD23, -8.91%）, $Pinnacle Financial Partners(PNFP)$ (YTD23, -11.83%). There all shaping a W bottom breakout recently.

  Data from Yahoo.finance.com

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• Do you have interest in $SPDR S&P Regional Banking ETF(KRE)$ and other banks?

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