Lebenthal doesn't like Microsoft
(MSFT), calling the Windows market "over-saturated." He suggested investors take profits and buy Intel Corp.
(INTC) or International Business Machine
Kelly, however, doesn't like IBM, saying its buyback program would suffer as the company's free-cash flow decreases.
Adami said Cisco Systems
(CSCO) seems like it can get back to $25.
Seymour likes McDonald's
(MCD) based on valuation. He also likes DineEquity
(DIN), which should benefit from valuation expansion.
Kelly would buy Darden Restaurants
if it can get through the $56 level.
Carter Braxton Worth, chief market technician and managing director at Oppenheimer & Company, was a guest on the show. According to Worth, when the first five trading days of the new year are positive, the month of January ends positive 76% of the time. When the month of January is positive to start the year, the stock market finishes the year positive 82% of the time.
Worth said commodities should outperform equities in 2014. On this theory, Seymour suggested that the best companies within the commodity business will do better than the commodities themselves.
Adami said investors can own Lululemon Athletica
with a stop-loss at $55.
When searching for an alternative to the iShares MSCI Emerging Markets ETF
, Seymour suggested investors look at the iShares MSCI Mexico Capped ETF
and the iShares MSCI South Korea Capped ETF
Lebenthal is a buyer of Pfizer
For their first trade of 2014, Adami is buying Phillips 66
and Seymour is buying General Electric
. Lebenthal said to buy Apple
and Kelly is buying the United States Oil ETF
-- Written by Bret Kenwell in Petoskey, Mich.
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