Earlier today I posted an update to my "market correction" post made in December.
This post is made to suggest a few ideas for stocks that may do well relative to the market (which as I posted, might be under some selling pressure).
These are bank stocks that have trends that seem to be holding somewhat well even though the market is under pressure. At the moment, I actually own these names on a hedged basis. Please note: My positions can change day-to-day based on trend developments.
I would suggest that it might be worthwhile to put these names on your list for analysis and possibly, in consultation with your investment adviser(s), consider owning.
BAC Bank of America
FITB First Third Bancorp
HBAN Huntington Bancshares
This is not a recommendation for investment. Do your own due diligence.
Disclosure: I am long BAC, HBAN, FITB.
Additional disclosure: My positions can change day to day based on trend developments. At the moment the names mentioned are also hedged with market index related instruments.