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Financial Stocks Showing Relative Strength

JC Parets

The broad-based Financial Select SPDR ETF ( XLF) has gone basically sideways for the majority of the year, but under the surface, there has been strength in individual names and sub-sectors like broker-dealers and exchanges. The first name on our list is American Express Company ( AXP), which I've been pointing out for most of the year as a stock that has held up well. If the stock does break out of this year-to-date range, our upside price objective is $124.50.