Buying Financials Now Could Be a Great Contrarian Play
Jul 8th, 2008 | By Jeff Clark | Category: Stock Market InvestingNow here’s a true contrarian play from Brian Hunt at Stansberry Research: Buy into financial stocks ahead of their earnings results. Successful contrarian investing hinges on exploiting errors in consensus opinion. The consensus now is that financials are going to report catastrophic earnings and their stocks are going to dive… big time. What if, instead of Armaggedon, we get the plague, says Brian. His bet is stocks will rally…