Robert Napoli, managing director at Piper Jaffray, has found a calm corner in the stormy financial sector.
"We've been pointing clients away from the volatility of the credit risk and troubled assets to an area where we call 'financial technology,'" Napoli told CNBC. "These are names that are generally global in nature, but payment-processing oriented."
Recommendations:
At the top of his list is Western Union
"It's number one by far in the money-transfer area," he noted.
6 comments:
THE RZA!
also can someone check out RZ ... what up with that?
OCT 18, 2008 $ 7.500 CALL(RZJU)
1.30 +0.35 (+36.84%)
10,000 oct calls???
.... hmmmm
Robert Napoli, managing director at Piper Jaffray, has found a calm corner in the stormy financial sector.
"We've been pointing clients away from the volatility of the credit risk and troubled assets to an area where we call 'financial technology,'" Napoli told CNBC. "These are names that are generally global in nature, but payment-processing oriented."
Recommendations:
At the top of his list is Western Union
"It's number one by far in the money-transfer area," he noted.
good call JD. SIL up 5% so far at $1.84
edit: scratch that. SIL it's up big now 20% pop at $2.15. time to put in stop losses accordingly and lock in profits. As BOTD says it's 2008
Go team!
what stocks would rally when they come up with a new bill
JD!
That was a solid entry point, couldn't have been played better...nice job!
kev
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