Despite short-term earnings pressure, now may be a good moment to buy Ally Financial shares if you have a long-term outlook as an investor. Why? Ally Financial (ALLY 1.73%) is suffering from deteriorating auto credit and rising interest rates. The car lender’s stock was down 43% at Wednesday’s close, more than double the S&P 500’s…
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Trading foreign exchange, stocks, options, or futures on margin carries a high level of risk, and
may not be suitable for all investors. Before deciding to trade, you should carefully consider your
objectives, financial situation, needs and level of experience. Traders On Trend provides general
advice that does not take into account your objectives, financial situation or needs. The content
of this website must not be construed as personal advice. The possibility exists that you could
sustain a loss in excess of your deposited funds and therefore, you should not speculate with
capital that you cannot afford to lose. You should be aware of all the risks associated with
trading on margin. You should seek advice from an independent financial advisor. Past
performance is not necessarily indicative of future success.
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