Betting financials is a value play: Investors
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The financial sector is one of the worst performing sectors in the S&P 500 for the last year, yet these investors see value in it. "Oil prices appeared to have found some kind of a bottom; have rallied. The data out of China has been encouraging, and expectations for a Fed rate hike have been pushed back a little bit," Joe Tanious, a strategist at Bessemer Trust Investment told "Power Lunch" on Tuesday. He said during the CNBC interview that the market bears value "opportunities, but it really comes down to being selective and finding the right securities to invest in."

Tanious said that he would hunt for value in the sectors that stand to benefit from an improved consumer balance sheet. "You think about consumer discretionary stocks, you think about technology stocks; those that have a bet towards a healthy consumer," he said. "And of course we can't forget financials ... to the extent that the Fed Reserve raises interest rates this year ... I suspect you're going to find value out of those stocks." Energy and materials traded more than 1.5 percent higher as the top S&P sectors in Tuesday's afternoon trade, followed by financials. Still, the financials sector closed Monday's session as one of the two negative sectors in the S&P year-to-date, down nearly 2 percent.

