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Financial Stocks: Skip All But Two
Published:
Monday, 7 Jul 2008 | 4:37 PM ET
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By: CNBC.com
David Lutz, managing director at Stifel Nicolaus, offered CNBC advice for investing in financials.
Pans:
He dealt with Fannie Mae [FNM
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], Freddie Mac [FRE
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], Marshall & Ilsley [MI
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], Wells Fargo [WFC
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], Bank of America [BAC
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] and Wachovia [WB
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] . 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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