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Are financial stocks still a buy?

Posted Jul 1st 2009 12:20PM by Connie Madon (RSS feed)
Filed under: Analyst Reports, Market Matters, Financial Crisis

Are financial stocks a buy now? Jeffrey Palma, a strategist for UBS says yes. He is recommending a modest "overweight" for this sector. He goes on to say that financials had the biggest gains among 10 industry groups in the MSCI World Index in the second quarter.

Let's be clear here. Mr. Palma is referring to the second quarter. The second quarter is done, finished. The real question is whether or not, going forward, the rally will continue.

Continue reading Are financial stocks still a buy?

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