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The “fundamental backdrop for the banks is pretty good,” says Macrae Sykes, but adds that you have to be careful picking stocks. He likes Berkshire Hathaway (BRK/B), citing the enormous amounts of capital they’re sitting on. He also discusses his fund, the Gabelli Financial Services Opportunities ETF (GABF).

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Macrae Sykes Picks Financial Stocks: BRK/B, GABF

Schwab Network

Macrae Sykes Picks Financial Stocks: BRK/B, GABF