Three European Banks to Look At
Investors could take advantage of the prolonged battering of the financial sector by considering three European banks, Victoria Hoskins, regional investment director at Gerrard Barclays Wealth, told "Power Lunch Europe" Wednesday.
"There's a couple of good banks out there where you can get some pretty decent value at the moment," Hoskins said.
"It is worth, over the next month or two, looking at those (banks') prices, seeing what value you could get out there," she added.
Prudently-managed banks like France's BNP Paribas are attractive, and a recovery play from Societe Generale or Royal Bank of Scotland can also create good value, Hoskins said.
There is also value in the telecom sector, she added, mentioning Telefonica as her stock pick along with companies with expansion into emerging Europe.
"We think the prices have just been hammered too far and there is still value to be had," Hoskins told CNBC.
Defensive utilities stocks, particularly power generators, should be abandoned as they are overvalued now and due for a pullback, she warned.