Seeking Alpha: Jefferies: A Solid Value At Critical Technical Support
Read the full article on Seeking Alpha.
Excerpt
- Financials are a popular sector in 2022 amid higher interest rates.
- Jefferies (JEF) features a low valuation and high dividend yield.
- Traders should monitor a key technical level on the chart before entering a long position.
Many value investors look to the Financial sector (XLF) for outperformance amid higher interest rates and a shift out of growth stocks. To wit, XLF is down less than the S&P 500 (SPY) so far in 2022, but the difference is not that big. Financials are down 13% while the broad market is off 17% (total return).
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