CIT Group Inc. (CIT)

(A Top Pick Jun 22/20, Up 129%) He would recommend selling it. They are being bought out by another bank so he is no longer interested in owning it.

It is basically all commercial banking, putting it down 50% in valuation. It could double when it recovers. The insiders were all buying stock back in March. (Analysts’ price target is $29.70)

Commercial lender. A way of really playing growth in the US on the financial services side. Good management. Bought a Canadian company (formerly Newport Credit) that was going bankrupt. The trick will be getting marginal borrowing rates down. In an economic recovery situation, it is leveraged to growth.

Very risky and can still go bankrupt but could double, triple or quadruple from here. If you wanted to put a small portion of your investment in on the bet that the economy is going to be better than it is a reasonable thing to do.