TradingMarkets David Penn says bank stocks are the classic contrarian opportunity right now,...

|By:, SA News Editor

TradingMarkets David Penn says bank stocks are the classic contrarian opportunity right now, and, for savvy investors, its time to reconsider adding them to your portfolio. He recommends looking for ones that have made short-term pullbacks while still in bull market territory, such as those still trading above their 200-day moving average. His favorite picks: Wells Fargo (WFC), Keycorp (KEY) and U.S. Bancorp (USB).