Richard Bove, vice president of equity research at Rafferty Capital, has a hold rating on Citigroup (C) with a $48 price target. He said the bank has had too many management changes in the past two decades and is currently not managed well. He does not like the level of Citigroup's international exposure. He concluded the stock is cheap because it has so many headwinds.
Seymour said Citigroup is a buy because the market has priced in its potential headwinds.
Tuesdays have produced an 8% gain in 2014 versus a loss of 6% for all of the other days of the week. Seymour said the trade is likely over now that investors are aware of it.
Mark Newton, chief technician analyst at Greywolf Execution Partners, said Biogen Idec
(BIIB) has sold off too much over the past seven weeks. He added the stock has found support near its one-year trend line and could move up to $325 in the short term and up to $360 sometime this summer.
In addition, Facebook (FB) could climb to $67 because it has cleared the $63.18 level. Apple (AAPL) looks good on the long side, based on appealing risk-to-reward metrics.
-- Written by Bret Kenwell in Petoskey, Mich. Follow @BretKenwell
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