Despite the fact that some financial experts believe that 2019 will be a challenging year for President Trump and his economy, the stock market is continuing to rise. If the stock market continues to head in this direction, and the recession is held at bay, it means the economic expansion in the United States will be the longest it’s been since the growth spurt that took place from 1991 to 2001 under President Clinton. Thanks to rising stock markets and the positive outlook on the global economy, the two biggest economies in the world, the United States and China, will continue to grow in 2019.
In fact, when it comes to the country’s economy, 2019 has already gotten off to a good start. When the country rang in the New Year, the GDP was growing by about 3 percent, inflation was relatively low, and the tax cuts from 2017 provided the economy with heavy fiscal stimulus.
While it’s good to get financial advice from sites like Finance Smarti, here are three bank stocks that investors who want to take advantage of the rising rates may want to consider buying in 2019.
1. JPMorgan Chase & Co. (JPM)
With over $2.5 trillion worth of assets, JPMorgan Chase
2. Berkshire Hathaway (BRK.A, BRK.B)
With a total of over $210 billion worth of revenue, Berkshire Hathaway
3. U.S. Bancorp (USB)
Buffet also owns 7.7 percent of U.S. Bancorp