Investing in financials or trading technology stocks? Marc Pado, U.S. market strategist for Cantor Fitzgerald and Dan Genter, president, CEO and chief investment officer of RNC Genter Capital Management offer CNBC their stock picks.
Buy financial stocks now for a long-term investment, but be very selective, Genter said.
He said some financial stocks have not been damaged and will survive the “capitulation.” Genter recommends JPMorgan, US Bancorp and Lincoln National.
“They are fundamentally sound, they’ve just been caught in this carnage…they’re going to come out the other end of the pipeline,” he said.