Meredith Whitney was just on CNBC's Closing Bell with Maria
Bartiromo and the normally skeptical bank analyst came out as a super-bull for
the U.S. economy and equities.
"Would you put new money to work in this market right
here?" Bartiromo asked her.
"Yes, absolutely," said Whitney. "I have not
been this constructive and bullish on US equities in my career."
Whitney discussed two specific financial stocks that she
really liked. First she mentioned Bank of America saying that it came out of
last week's Fed stress tests looking better than any other bank on the Street. This is partly because the bank started cutting costs back
in 2010 before any other Wall Street bank, said Whitney. The stock has
"value, catalyst, and momentum" and she expects it to shoot up
another 15% in the coming months.
"This is not sexy stuff... it's all cost cutting it's
all operational," she said....
Can't believe your eyes? ? Check out http://www.businessinsider.com/meredith-whitney-bullish-on-us-equities-2013-3
No comments:
Post a Comment