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The 10 Best Stocks for the Next 1,361 Days of President Donald Trump

The president's economic and tax agenda will lift all boats, but these 10 'boats' will rise more than others

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The Best Stocks for the Rest of Trump’s Term: Bank of America (BAC)

The Best Stocks for the Rest of Trump's Term: Bank of America (BAC)
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A bet on Donald Trump’s economic growth plan is indirectly a bet on higher interest rates. Growth drives inflation, and higher interest rates keep inflation at palatable levels.  The Federal Reserve usually has to put a string of rate hikes in place, however, to keep inflation in check over a period of time.

While that creates a certain amount of misery for borrowers, it’s a boon for banks in that the higher interest rates mover, the more money they make.

The pick of the litter: Bank of America Corp (NYSE:BAC).

Bank of America’s bottom line improved in the fourth quarter of last year on rising rates then, and grew even more in the first quarter for the exact same reason.

Take the hint.

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Article printed from InvestorPlace Media, http://investorplace.com/2017/04/10-best-stocks-next-1361-days-president-donald-trump/.

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