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Trading Strategies: Should You Start Looking at Industrials and Materials?

Former NYSE trader Stephen "Sarge" Guilfoyle says you'll want to be in industrials and materials if the economy improves.

"It's a difficult time right now, but when isn't it a difficult time?" asked Stephen "Sarge" Guilfoyle, a former NYSE trader and panelist on TheStreet's latest Trading Strategies roundtable.

While saying that you should stay in financials in the current environment, Guilfoyle noted a buying opportunity if the market sees a lift. "If the economy does better, you're going to want to be in industrial and materials," Guilfoye said.

Watch more clips from July's Trading Strategies: How to Play a Risky Second Half:

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This article was written by a staff member of TheStreet.