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Financial Stocks: Skip All But Two

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.

Disclaimer

Symbol
Price
 
Change
%Change
BAC
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FNMA
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FMCC
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WFC
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V
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MA
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