Two Top Financial Stock Picks

Wednesday, 27 Aug 2008 | 9:35 AM ET

U.S. bank Wells Fargo and insurer AFLAC are worth snapping up even though the financial sector has been sold off indiscriminately, because they are steady players that offer strong long-term growth, Jason Pride, director of research from Haverford Trust told CNBC Wednesday.

Dipping into Growth Financials
Financial firms capable of delivering growth over the long term while remaining stable in the short term, like Wells Fargo and AFLAC, should be on investors' radar, Jason Pride from Haverford Trust told CNBC Wednesday.

"We are going with (financial stocks) that are more capable of delivering growth over a long time frame and more stability in the near term," Pride said.

Investors have to defend their portfolio with quality investments and should keep an eye out for stocks that have been reasonably strong relative to their peers and very well defended in this turbulent environment, he added.

Pride also like defensive sectors like healthcare and consumer stables.

(Watch the video to see Pride's views on the price of oil and the US economy).


  Price   Change %Change