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Top Ideas from Top Bank Analyst Ed Groshans

Wednesday, 22 Dec 2010 | 5:47 PM ET

You might want to keep an eye on action in the bank stocks. All the interest in this sector lately may be creating some trading opportunities.

Following are 3 favorite plays from Ed Groshans of Height Analytics.

1. BUY WELLS FARGO

They have great earnings clarity going forward, says Groshans. Also, they’re core funded, their fundamentals are sound and they have a strong net interest margin.

Top Trades for 2011
The financials to watch in 2011, with Ed Groshans, Height Analytics.

2. SELL TCF FINANCIAL

A cornerstone of their business is fee-free checking, which was funded in part from debit card fees, explains Groshans. However, with Fed imposing a new cap this bank faces challenges with a core portion of their business.

3. SELL REGIONS

Although we ran out of time on TV, ahead of the broadcast Groshans told our producers he didn't like this stock, on the belief it still needed to raise capital to repay TARP.

Get more details. Watch the video now!


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Trader disclosure: On Dec. 22, 2010, following stocks and commodities mentioned or intended to be mentioned on CNBC’s "Fast Money" were owned by the "Fast Money" traders; Karen Finerman owns (AAPL), (GOOG), (JPM) and (MSFT). Stephen Weiss owns (DVN), (FAS), (QCOM), (TBT), (VZ), (AKS), (SWC), (COP), (HK) and (NFLX) puts. Tim Seymour owns (AAPL), (BAC) and (F).

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BRIAN KELLY
Accounts Managed By Kanundrum Capital Own (BBT)
Accounts Managed By Kanundrum Capital Own (DE)
Accounts Managed By Kanundrum Capital Own (FCX)
Accounts Managed By Kanundrum Capital Own (GLD)
Accounts Managed By Kanundrum Capital Own (JPM)
Accounts Managed By Kanundrum Capital Own (MCP)
Accounts Managed By Kanundrum Capital Own (SPY)
Accounts Managed By Kanundrum Capital Own (SLV)
Accounts Managed By Kanundrum Capital Own (WFC)
Accounts Managed By Kanundrum Capital Own USD
Accounts Managed By Kanundrum Capital Own Australian Dollar
Accounts Managed By Kanundrum Capital Own (XLE)
Accounts Managed By Kanundrum Capital Own (QCOM)
Accounts Managed By Kanundrum Capital Own (VIX ) calls

KAREN FINERMAN
Finerman's firm is short (IJR)
Finerman's firm is short (MDY)
Finerman's firm is short (SPY)
Finerman's firm is short (IWM)
Finerman's firm is long S&P puts
Finerman's firm is long Russell 2000 puts
Finerman's firm owns (GLW)
Finerman's firm owns (JPM) and (JPM) leaps
Finerman's firm owns (MSFT)

ANTHONY SCARAMUCCI
Scaramucci and Skybridge Capital own (BR)
Scaramucci and Skybridge Capital are long USD
Scaramucci and Skybridge Capital own (AAPL)
Scaramucci and Skybridge Capital own (C)
Scaramucci and Skybridge Capital (EBAY)
Scaramucci and Skybridge Capital (GOOG)

BARRY RITHOLTZ
FusionIQ Owns (EWJ)

ED GROSHANS
Disclosures pending

BRIAN NAGEL
Nagel has no disclosures

DENNIS GARTMAN
Funds Managed By Dennis Gartman are long crude

MIKE KHOUW
Cantor Fitzgerald & Co. is a market maker in (AAPL)
Cantor Fitzgerald & Co. is a market maker in (AKAM)
Cantor Fitzgerald & Co. is a market maker in (AMD)
Cantor Fitzgerald & Co. is a market maker in (AMGN)
Cantor Fitzgerald & Co. is a market maker in (ARMH)
Cantor Fitzgerald & Co. is a market maker in (AMZN)
Cantor Fitzgerald & Co. is a market maker in (BBT)
Cantor Fitzgerald & Co. is a market maker in (BBBY)
Cantor Fitzgerald & Co. is a market maker in (BAC)
Cantor Fitzgerald & Co. is a market maker in (C)
Cantor Fitzgerald & Co. is a market maker in (CSCO)
Cantor Fitzgerald & Co. is a market maker in (DELL)
Cantor Fitzgerald & Co. is a market maker in (DYN)
Cantor Fitzgerald & Co. is a market maker in (EBAY)
Cantor Fitzgerald & Co. is a market maker in (F)
Cantor Fitzgerald & Co. is a market maker in (FCX)
Cantor Fitzgerald & Co. is a market maker in (GE)
Cantor Fitzgerald & Co. is a market maker in (GS)
Cantor Fitzgerald & Co. is a market maker in (GLW)
Cantor Fitzgerald & Co. is a market maker in (GOOG)
Cantor Fitzgerald & Co. is a market maker in (INTC)
Cantor Fitzgerald & Co. is a market maker in (IWM)
Cantor Fitzgerald & Co. is a market maker in (JPM)
Cantor Fitzgerald & Co. is a market maker in (LVS)
Cantor Fitzgerald & Co. is a market maker in (MCP)
Cantor Fitzgerald & Co. is a market maker in (MOT)
Cantor Fitzgerald & Co. is a market maker in (MSFT)
Cantor Fitzgerald & Co. is a market maker in (NFLX)
Cantor Fitzgerald & Co. is a market maker in (ORCL)
Cantor Fitzgerald & Co. is a market maker in (RF)
Cantor Fitzgerald & Co. is a market maker in (RIMM)
Cantor Fitzgerald & Co. is a market maker in (SPY)
Cantor Fitzgerald & Co. is a market maker in (SLV)
Cantor Fitzgerald & Co. is a market maker in (T)
Cantor Fitzgerald & Co. is a market maker in (TCB)
Cantor Fitzgerald & Co. is a market maker in (VZ)
Cantor Fitzgerald & Co. is a market maker in (WFC)
Cantor Fitzgerald & Co. is a market maker in (VZ)
Cantor Fitzgerald & Co. is a market maker in (YHOO)

CNBC.com with wires.

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