Two Top Financial Stock Picks
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.
"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).