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World Series trade #4: PNC Financial Services (PNC)

Posted Nov 1st 2009 9:00AM by Chris JohnsonChris Johnson RSS Feed
Filed under: Options, Stocks to Buy

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World Series Trade #4 - PNC Financial Services (PNC)The Pittsburgh Pirates may not be putting much on the field these days, but Pittsburgh-based PNC Financial Services Inc. (NYSE: PNC) has jockeyed itself into a lead position in the financial recovery.

Since hitting its lows in March, at just below $20, PNC is up around 150% at its current price of near $50. I think that the stock will continue to lead the financials higher as its strong balance sheet and diversified revenue fuel a considerable rally.

I'm eyeing the $70 level as a target over the next six months, so look at buying call options on PNC.

Next: World Series trade #5: Sonosite

Tags: options trades, PNC, PNC Financial Services, top trades

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Last updated: November 24, 2009: 10:15 AM

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