4 High Yield Stocks With 40% Upside To Buy, 1 To Avoid

Overview The financial sector led the market higher Friday ending the day in the green. The S&P 500 rebounded off its second worst performance this year the previous day. The Dow was up 67.21 points, or 0.53 percent, at 12,640.78. The S&P 500 ended 9.51 points higher, or 0.72 percent, at 1,335.02. The Nasdaq rose 33.33 points, or 1.17 percent, at 2,892.42. Nevertheless, the markets were still lower for the week. It was a buy the news event when Moody's announced downgrades for 15 of the world's largest banks. Bank shares rose after the downgrades were announced. The downgrades had been telegraphed and some were not as austere as expected. The KBW Bank index (.BKX) gained 1.4 percent. European leaders agreed on a 130 billion euro stimulus package. This development underpinned the market's rally. As market participants' fears grow at some point all the bad news gets priced in and... Read more