Vomund's other pick for 2009 is the iShares S&P U.S. Preferred Stock Index(PFF Quote), which includes preferred shares of Wells Fargo(WF Quote), Citigroup(C Quote) and JPMorgan(JPM Quote) among its holdings.
"The best way to profit from stabilization in our financial system is to own preferred stocks tied to banks," he says. "About 85% of this ETF's holdings are financial companies, and the 11% yield makes it especially attractive."- Loading Comments...
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,270.47 | 1,093.48 | 2,167.88 | 34.29 |
Oil *
75.55
|
|
UP
73.00
|
UP
6.24
|
UP
18.86
|
DOWN
0.17
|
10 Yr
3.43%
SPDR Gold
109.74
|
|
+0.72%
|
+0.57%
|
+0.88%
|
-0.49%
|
Data delayed 20 minutes |
