Jim Kramer of CNBC released a list of four investing financial stocks on Tuesday that he believes will help the Federal Reserve raise interest rates to control rising inflation.
“Any price increase went out of style at the Wall Street fashion show about six months ago, as we saw again today. Now, what this market wants is completely different. This is what GARP wants: a reasonable price increase,” said the host.
“I think this is a good time to focus on the undervalued financial issues with the GARP appeal.… We do not invest in hope, we invest in prospects, and the chances of winning with reasonable price growth look very good,” he added. .
The S&P 500 fell 0.34% on Tuesday while the Nasdaq Composite fell 0.30%. The Dow Jones Industrial Average fell 0.26%.
Kramer has picked four financial stocks investors should consider buying from the same list he used to pick his six favorite travel and leisure stocks on Monday. He brought this list by running a screen over a company listed in the S&P 500, with a reasonable valuation and increased revenue.
Here is a list of four financial stocks that have passed the test:
- Signature Bank
- Raj Path
- Bank of New York Mellon
- Charles Schwab
Sign up now Following every step of the Jim Kramer market for the CNBC Investing Club.