Scaramucci agreed that it's valuation is stretched but suggested its future is very bright.
Jon Hilsenrath, chief economics correspondent at the Wall Street Journal, was a guest on the show. He suggested that the probability for a December taper is much higher than it was just a few months ago. He added that it wouldn't be surprising for a taper, but suggested that it's far from a guarantee. It will be interesting to see if the Fed adjusts its unemployment threshold, he concluded.
Kelly said if the Fed doesn't taper in December it will most likely come in March.
Scaramucci said he doesn't expect a tapering announcement in December. He added that dividend stocks like 3M
(PEP), and Verizon
(VZ) seem likely to outperform.
Seymour likes McDonald's
, because of its cheap valuation and solid dividend. He added that the current disappointing global comps numbers are not a concern over the long-term.
Adami likes AT&T
on the long side with a stop-loss at $33.
was the first stock on the show's "Pops & Drops" segment. Adami said he loves the stock and is a buyer.
jumped 1% and Scaramucci said the stock has an upside bias and is in a massive short squeeze.
fell 3% and Kelly said $8 seems to be a floor in the stock.
dropped 1% and Seymour said investors will be keying in on fourth-quarter results due out on Thursday.
Adami said Agco
is in an uptrend and investors can buy the stock, with a stop-loss at $55.
Seymour said shares of Whole Foods Market
have too high of a valuation to justify buying.
Scaramucci said margins can easily come under pressure and he recommended caution.
Kelly said Hain Celestial Group
was the best way to play the natural organic food space.
Adami said WFM is a great story but suggested that investors do not buy the stock, as comps continue to decline.
Between Michael Kors
, Scaramucci prefers Macy's because of inventory management, marketing and balance sheet management.
Adami said he is a buyer of Eastman Chemical
Seymour said the financial sector has a good valuation and Citigroup
is his top pick.
Kelly said Cliffs Natural Resource
is a good pick going into 2014.
For their final trades, Scaramucci is a buyer of Bank of New York Mellon
and Seymour is buying Lan Airlines SA
. Kelly suggested buying Teck Resources
and Adami is a buyer of Nuance Communications
-- Written by Bret Kenwell in Petoskey, Mich.
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