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Last Stock Standing: Financials
CNBC.com | March 17, 2009 | 06:41 PM EDT

The competition is impossibly fierce, the stakes are impossibly high, and losing isn’t an option.

If you think we're talking about March Madness, think again. There’s another extreme elimination tournament underway – this one is playing out on Wall Street, in the financial sector. Many firms are finding themselves in make-or-break circumstances. Only the strong will survive.

And considering the unprecedented turn of events lately, it’s anyone’s ball. Who comes out on top of this game?

Guy Adami has been handicapping the players and he’s come up with two names he likes -- Raymond James [ RJF 27.86  -0.12 (-0.43%) ] and Jefferies [ JEF 25.76  -0.86 (-3.23%) ].

“Raymond James had a better than expected quarter back in January,” says the Negotiator and he’s optimistic that going forward earnings will also hold some upside surprises. “And I like their valuations.”

As for Jefferies, Adami talks about it all the time. “They’re hiring when most are firing,” and that speaks volumes.

Read More: > Last Stock Standing - Retail

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