Financial Stocks: Skip All But Two
By: CNBC.com
David Lutz, managing director at Stifel Nicolaus, offered CNBC advice for investing in financials.
Pans:
He dealt with Fannie Mae, Freddie Mac, Marshall & Ilsley, Wells Fargo, Bank of America and Wachovia . His verdict: they're all to be avoided.
Recommendations:
BUT he did approve of two financial stocks:
- Watch the interview (video: 2 mins, 19 secs) to learn which two!
Disclosures:
Disclosure information was not immediately available for Lutz or his firm.
David Lutz, managing director at Stifel Nicolaus, offered CNBC advice for investing in financials. See his stock pans and picks!
