NEW YORK (
) -- The market ended flat Tuesday as investors weighed the start of the earnings season next week.
Dow Jones Industrial Average
was down 3.56, or 0.03%, to 10,969.99, while the
gained 2.0, or 0.17%, to 1,189.44. The
declined 7.28, or 0.30%, to 2,436.81.
Gary Kaminsky said on
's "Fast Money" TV show that stocks can rise in a climate of rising interest rates assuming investors are in the right space. "You need to be in the names and sectors that participate in a tightening-rate cycle."
For a breakout of some stocks from a recent "Fast Money" TV show,check out Dan Fitzpatrick's "3 Stocks I Saw on TV."
3 Stocks I Saw onTV
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Jon Najarian said copper had surged to a 20-month high on strong demand. Joe Terranova said investors need to shift to stocks that give you the "bare necessities" like
Simon Hobbs, the moderator of the show, noted that airline stocks are riding high despite high oil prices. Kaminsky said the airlines will do well this time around because they are doing a much better job handling their load factors and getting their price increases to stick.
Terranova disagreed, saying high oil prices will be a drag on the airlines. Brian Kelly offered car rental stocks as a derivative play.
Hobbs shifted the discuss to REITs. Finerman said the REIT stocks have enjoyed a gigantic move and now may be getting ahead of themselves. Najarian said
Simon Property Group
( SPS) still has more room to move to the upside.
Terranova said it was time to get out consumer discretionaries, which are up 12% for the year.
But Steve Cortes said he still thought a safe place to hide was with high-end retail stocks like
. At the same time he said he would short
Finerman was puzzled by the Wal-Mart short, saying the giant retailer benefits when times are tough. Cortes defended his move, saying times will get so tough for low-end consumers that they wouldn't even be able to shop at Wal-Mart.
Hobbs brought in Richard Bove, an analyst with Rochdales Securities, to preview the financial sector ahead of the start of the earnings season next week.
remains the best company he's analyzed. He said
looks surprisingly strong while the
Bank of New York
TICKER TYPE="EQUITY" SYMBOL="C" EXCHANGE="NYSE" PRIMARY="NO"/> is his "best cheap" bank stock.
Hobbs noted that crude continues to rise toward $90. Finerman said the correlation between the dollar and crude is broken. Kaminsky added that
was the best single pure play in that space.
Hobbs brought in Ian Hague, a partner in Firebird Management, who discussed the close correlation between the Russian economy and oil. He said investors should look out for any weakeness in the price of crude because as a signal that the rally is overdone.
Have ETFs taking business away from mutual funds? Douglas Sipkin, an analyst for Ticonderoga Securities, said they have, as the low fees, liquidity, transparency ETFs offer have taken a lot market share from mutual funds.
Sipkin said the best way to play that on the negative side is to short
because it is very exposed to open-end mutual funds.
Kaminsky, who agreed with that assessment, said Vanguard is putting pricing pressure on Blackrock in the ETF space.
In the 30-second pitch, Kaminsky touted
Och-Ziff Capital Management
as the best play for the alternative asset management space. He liked the company's high operating leverage, shareholder friendly corporate structure and asset growth.
took the top prize in the show's spirited competition that mimicked the NCAA's national basketball championship and involved 64 companies.
In the final trades, Terranova liked
. Kaminsky said he would short Legg Mason. Finerman liked
( ACL). Najarian liked
, while Kelly backed
as a cloud computing play.
-- Written by David Tong in San Francisco
To watch replays of Cramer's video segments, visit the Mad Money page onCNBC
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