As financials underperform the market, market watchers point to one name to play for a rebound.
div > div.group > p:first-child"> The sector saw strong gains to start the year, initially outperforming the broader markets. However, the group has stalled over the last week, falling nearly 4 percent, making it one of the worst-performing sectors in that time.
Strategic Wealth Partners' Mark Tepper believes the bull market is in its final innings, and Morgan Stanley has diverse revenue streams that will hold up even if the economy slows. Morgan Stanley has gained just 4 percent this year, underperforming the S&P 500 and the financial sector, which are up 10 and 9 percent respectively.
Like Tepper, Instinet's Frank Cappelleri says that Morgan Stanley is the most attractive financial stock at current levels, although he, too, is not pounding the table on this trade. He notes that the stock has been firmly in a downtrend over the last year, shedding more than 30 percent since its recent high last March.
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