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Jul.07
4:33 PM ET

David Lutz, managing director at Stifel Nicolaus, offered CNBC advice for investing in financials.

Pans:

He dealt with Fannie Mae [FNM  Loading...      ()   ], Freddie Mac [FRE  Loading...      ()   ], Marshall & Ilsley [MI  Loading...      ()   ], Wells Fargo [WFC  Loading...      ()   ], Bank of America [BAC  Loading...      ()   ] and Wachovia [WB  Loading...      ()   ] . His verdict: they're all to be avoided.

Recommendations:

BUT he did approve of two financial stocks:

Disclosures:

Disclosure information was not immediately available for Lutz or his firm.

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