Jim Strugger recommended on Bloomberg Markets a long position in Franklin Resources, Inc. BEN.
He said the company is in the assets management sector and he added that the market is probably getting into the period of higher dispersion, which is usually favorable for active managers. Speaking on the positive catalysts for the stock, Strugger said Franklin Resources is going to benefit from the cash repatriation.
To make a bullish bet, Strugger wants to buy the March 40/50 call spread for $2. The trade breaks even at $42 or 5.6 percent above the current market price. It can maximally make a profit of $8.
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