Stock Of The Week: The Charles Schwab Corporation
We are at the 50 day moving average and the market must honor this support level.
Schwab (Charles) has an increasing rate of earnings growth which is certainly loved by the market. Let’s take a look.
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The company has performed well but seems a bit pricey here. I also worry about the sustainability of its growth longer term. It certainly has done well recently, but that seems to me to be a reason not to buy it more than a reason to buy it.