Is Axos Financial a Buy?
Axos Financial's (NYSE: AX) stock price has spiked in the past couple of weeks, and it has jumped over 11% in the last five trading days. That recent performance means the stock is down only about 15% year to date as of Oct. 7.
What has sparked this surge?
It was likely due to the return of discussion about a second round of stimulus, although those talks seem to go hot and cold daily based on the latest feelings from President Donald Trump. A tweet from the president on Monday that talks would be pushed off until after the election caused bank stocks to drop. Roughly 24 hours later market traders got hopeful that something will happen after Trump changed course and said he's open to getting a partial stimulus deal done.
Source Fool.com
