NEW YORK (TheStreet) -- U.S. stocks are soaring on Thursday, as investors are apparently caring less about Greece and more about the Federal Reserve. Investors seem relieved, Josh Brown, CEO and co-founder of Ritholtz Wealth Management, said on CNBC's "Fast Money Halftime" show. Greece is becoming less relevant, too, he added.
Brown pointed out that growth assets, such as the iShares Russell 2000 ETF (IWM), biotech stocks and the Nasdaq 100, are powering higher. He also said investors should buy Citigroup (C), which is in the midst of a breakout.
The U.S. dollar dove to a one-month low, as investors took the Fed's statement as a dovish sign. The lower dollar and notion that the Fed will hike rates only one time this year are pushing stocks higher, said Paul Richard, head of FX, rates and credit distribution at UBS North America.
He argued, however, that the Fed will raise rates "at least twice," this year, especially if the U.S. economic data are good and the Greece situation gets resolved. He expects the Fed to raise rates in October and December.
The Fed will want to raise rates slowly, added Jon Najarian, co-founder of optionmonster.com and trademonster.com. He believes the Fed's statement has given investors the green light to buy stocks, pointing out that even utility stocks are rallying.
Pete Najarian, co-founder of optionmonster.com and trademonster.com, said he's still bullish on financial stocks, specifically Goldman Sachs (GS), Morgan Stanley (MS) and JPMorgan Chase (JPM). He also likes health care stocks and said he's not worried about the recent underperformance of transportation stocks.