To The Moon

In my yesterday’s post “Stocks To Hold, Even If US Market Consolidates.”; marking my return from covid infection, I was hoping for a market pull back when trading resumes on Tue (20 Jun). {Click on blue title to read if interested. Show some love, give a “Like”. Thanks}. Table - US pre-market indicators for 20 Jun 2023 Looking at above pre-market indicators, looks like its falling into places after all. Personally, I foresee that market remains “jittery” at least for the next three days until Fed chair Mr Powell is done with the followings: Wed, 21 Jun 2023. Delivers semi-annual congressional testimony before the House Financial Services Committee. Thu, 22 Jun 2023. Delivers semi-annual testimony to Congress before the Senate Banking Committee. When Does That Leave Us Retail Investors In The Interim? I say (a) go back to the drawing board and (b) selective re-review of homework done previously. For that, I am turning to my summary on KBW Nasdaq Regional Bank Index dated 04 May 2023 (see below diagram). Nasdaq Regional Bank Index dated 04 May 2023 It has been slightly > a month since the last coverage. The latest: Nasdaq Regional Bank Index dated 20 Jun 2023 Things are looking up for US regional banks index on the back of US market’s past weeks rallies. Regional bank index has overall “improved” by +11.5% easily compared to its May’s data / status. US Regional Banks Advantages - If Any? US regional banks and US international banks have different strengths and weaknesses in serving the financial needs of their customers. US regional banks: Tend to focus on providing personalized & localized services to (a) individuals and (b) small businesses in specific geographic areas. They have a deeper understanding of the local market conditions, regulations, and customer preferences. They can also offer more flexible and customized solutions to their clients, such as lower fees, higher interest rates, or tailored loan terms. They retain their unique values and propositions in the US banking landscape. To keep my post concise, I will cover one of the regional banks - $Zions(ZION)$ . It is a bank holding company headquartered in Salt Lake City, Utah. In April 1955, Zions Bancorporation originated as Keystone Insurance and Investment Co. In April 1960, together with several individual investors, acquired a 57.5% interest in Zions First National Bank from the Church of Jesus Christ of Latter-day Saints (LDS Church). In 1965, the company officially changed its name to Zions Bancorporation. In January 1966, it became a public company via an initial public offering (IPO). Over the years, it grew in size thru strategic mergers and acquisitions. In 2001, it was added to the S&P 500 Index. That should be a testimony to the bank itself on how its run and governed. Zions - Past 12 months performances Looking at its past 12 months performances, it is still -46% off its peak. It hit the lowest at $19.93 on 04 May 2023. Based on last Fri, 16 Jun closing price $28.63 its upped +43.65% since hitting the pits. Do you think there is still a potential upside for Zion? Do you think there is room for US regional bank to continue to thrive in the mid to long term? Please give a “LIKe”, “Share” & “Re-post” ok. Thanks. Rating is very important (to me). Thanks! Hope you will consider “Follow me” so that you get firsthand read of my daily new posts. Thanks! @Daily_Discussion @TigerPM @TigerStars @Tiger_SG @TigerEvents