The Fed's steady increase of interest rates will create opportunity in financials, which saw their stocks crushed on Friday, said John Buckingham (Trades, Portfolio), CIO of AFAM Capital on CNBC this morning. He specifically named stocks he found "attractive:" Fifth Third Bancorp (FITB, Financial), Keycorp (KEY, Financial), Prudential Financial (PRU, Financial) and MetLife (MET, Financial).
"If you look at market history, when the Fed has intiated rate hikes -- and we just put out a special report called "Don't Fight the Fed" -- value stocks like we favor and dividend stocks have done quite well," he said.
