What’s the trade?
“If the President continues his tirade against the banking industry, stocks will continue to be pressured," adds widely followed strategist Doug Kass of Seabreeze Partners.
That may be the widely held view, but at least one top analyst feels very differently.
I’d buy banks on weakness, FBR analyst Paul Miller tells the desk. I just think a lot of the bank reform is tempest in a pot of tea. What’s really going to drive banks is earnings and eventually Wall Street will grow board with the political rhetoric and realize that.
I particularly like regional banks, Miller adds. Zions , Regions , SunTrust and Fifth Third are my favorite names in the sector.
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Trader disclosure: On January 27th, 2010, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Adami Owns (AGU), (C), (GS), (INTC), (MSFT), (NUE), (BTU), (GS); Najarian Owns (AAPL) Call Spread; Najarian Owns (CTXS) Calls; Najarian Owns (GS) Call Spread; Najarian Owns (MS), Is Short (MS) Calls; Najarian Owns (XLF) Calls; Finerman's Firm Is Short (IJR), (MDY), (SPY), (IWM), (UNG), (USO); Finerman Owns (AAPL); Finerman's Firm Owns (BAC) Leap, (BAC); Finerman Owns (BAC) Prefered, (BAC); Finerman's Firm And Finerman Own (GOOG); Finerman's Firm Owns (KFT), (MSFT); Finerman's Firm And Finerman Own (WFC) Preferred; Seymour Owns (AAPL), (BAC), (INTC): Finerman's Firm And Finerman Own (IBB), (RIG)
Finerman's Firm Owns SPX Puts
For Tim Seymour:
Seygem Asset Management Owns (FCX)
Seygem Asset Management Owns (TSO)
Seygem Asset Management Is Short (VALE)
Seygem Asset Management Owns (X)
Seygem Asset Management Owns (PBR)
For Pip Coburn
Pip Coburn Invests In Buckeye Delta Fund
Buckeye Delta Fund Owns (AAPL), (ADBE), (ANSS), (RIMM), Arm Holdings plc, (GOOG)
Buckeye Delta Fund Is Short (NOK), (PALM), (MOT)
For Paul Miller
FBR Capital Markets Is A Market Maker Or Liquidity Provider For (FITB)
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