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Audio: Stick with banking names that have avoided trouble

2007-12-11 10:28:04

Leo Leydon of Financial Focus Advisory Services in Pembroke, Mass. says that while investors may want to go bargain-hunting in the financial services sector right now, they don't want to do it with Citigroup, Washington Mutual and Countrywide Financial. In a radio interview, Leydon noted that avoiding those stocks - in favor of names like Bank of America, American Express and Ameriprise Financial - makes sense from both a technical and fundamental standpoint.

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