This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration. Need a new registration confirmation email? Click here
NEW YORK (
TheStreet) -- All three major indices closed near session highs as investors cheered the dovish tone from future
FederalReserve chairwoman Janet Yellen.
Guy Adami, managing director of
stockmonster.com, said the Fed will not taper for a long time, possibly past next summer. He added that he likes
Brian Kelly, founder of Brian Kelly Capital, said traders could look to buy
Zillow(Z) for a trade and added that the Fed will remain accommodative.
Karen Finerman, president of Metropolitan Capital Advisors, said she likes
Steve Grasso of Stuart Frankel & Company said
Louisiana-Pacific(LPX) has been lagging behind in the rally and should start to play catch-up soon.
Pete Flint, CEO and Co-Founder of
Trulia(TRLA), was a guest on the show and simply stated that the company is not for sale. He added that they are actively exploring M&A, partLy because of the massive costs of business expansion.
For their favorite housing plays, Adami liked
D.R. Horton(DHI) and Kelly suggested
Finerman said to buy
BankofAmerica(BAC) and Grasso concurred, adding that if the stock can clear $14.92 on the upside, it might start to fill its gap back up to $20.
Kelly said investors could buy
Move(MOVE) as a trade.