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On CNBC's "Fast Money", traders spoke about stocks in the financial sector that should be bought ahead the stress test next week.
Tim Seymour thinks that Citigroup Inc (NYSE:C) and Bank of America Corp (NYSE:BAC) should be bought.
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Steve Grasso believes the Financial Select Sector SPDR Fund (NYSE:XLF) is a buy. He thinks the banks could increase buyback or dividend after the stress test.
Guy Adami likes Citigroup because of its low price to tangible book ratio. He explained that it's currently at 0.85 and he thinks it should be at 1.3, which would price the stock at $74.
Pete Najarian noticed unusually high options volume in Citigroup, Financial SPDR Fund and Bank of America. He thinks that they are going to trade higher.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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