'Fast Money' Recap: Stick With U.S. Stocks
NEW YORK (TheStreet) -- U.S. equities finished slightly lower on Tuesday, with the S&P 500 declining 0.16%.
On CNBC’s “Fast Money” TV show, Brian Kelly, founder of Brian Kelly Capital, said U.S. equities remain a quality investment for investors, especially with poor sentiment in European stock markets and low bond yields. He also likes Asian equities.
Tim Seymour, managing partner of Triogem Asset Management, said emerging markets are also attractive. He suggested that the U.S. dollar is likely to trade slightly higher, but remain mostly rangebound.Karen Finerman, president of Metropolitan Capital Advisors, said that investors who believe the U.S. dollar is going to strengthen, should simply buy the PowerShares DB USD Bull ETF (UUP). Dan Nathan, co-founder and editor of riskreversal.com, said U.S. equities remain a great investment, while German equities are looking attractive after the large decline. Seymour said companies like Toyota Motors (TM) do extremely well when the U.S. dollar is strong. When considering a strengthening dollar, Nathan said AT&T (T) is attractive because all of its sales come from the U.S. and it also has an attractive dividend yield exceeding 5%. Seymour said he does not like King Digital Entertainment (KING), which reported disappointing earnings results. He suggested there is a low barrier to entry for other competitors. Nathan agreed, wanting nothing to do with the stock either. Kelly said Twitter (TWTR) has better investor sentiment and could improve sales if it would raise the pricing of its ads, which are roughly half the price that Facebook (FB) charges. However, he reasoned the stock doesn’t seem to have much upside or downside in the near future. Read More: Stock Market Has a Very Constructive Down Day for the Bulls Seymour agreed that investor sentiment has improved for Twitter, but suggested investors wait until next quarter to see if the growth continues to be strong.
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