Saxo Group Videos
Videos Channels Search

Berger: Why I am buying Wells Fargo

Worries about European banks have spilled over to the US markets, says Serge Berger. But he believes that the sell-off is overdone and is looking to buy Wells Fargo stock.

According to Berger, financials in the S&P500 have dropped about 20% this year with some of the large banks “extremely oversold” with Wells Fargo down 20-25%. Berger is looking to buy at USD 47 or higher with a target on the trade of USD 50 and a stop loss at USD 45-70.


01:42 minutes
Tags: banking, banking industry, banking sector, equities, equity, equity market, equity strategy, equity trading, european, european banks, financials, saxo, saxo bank, saxo bank equities, saxo bank group, saxo bank saxo tv, saxo bank trading, saxo bank trading floor, saxo bank tradingfloor.com, saxo traders, saxo trading, saxo tv, saxo tv saxo bank, saxo tv trading floor, saxo tv tradingfloor, saxo tv tradingfloor.com, saxobank, saxobank.com, saxotrader, saxotv, serge berger, sp500, stock, stocks, trade, trade idea, trade view, trader, traders, traders tale, traders tale serge berger, trading, trading risks, trading view, tradingfloor, tradingfloor saxo bank, tradingfloor saxo tv, tradingfloor.com, tradingfloor.com saxo tv, tradingfloorcom, us, us banks, wells fargo

Switch to