While we’re waiting for the Fed, I want to add Midwestern regional bank US Bancorp (USB) to the Buy List. USB has underperformed its peers in the recent rally, but as we’ll discuss in next week’s update, the factors behind this are temporary.

Higher short-term interest rates and strong credit should boost earnings here and ultimately give the stock a lift.

Buy USB under $44. My target is $49. Locking in this 4.48% dividend yield will add to total returns