Paul Hickey's Strong Dollar Trades

Speaking on

, Paul Hickey shared his analysis about stocks that should trade well in a strong U.S. dollar environment. He said that this was only the sixth time that the U.S. dollar index moved 20 percent or more year-over-year and the most recent move happened in 1985. After big moves higher, the S&P 500 gained 0.9 percent in following three months, 2.7 percent in six months and 14.6 percent in following 12 months. The top performing sectors were consumer financials with a return of 16.3 percent over the next six months, materials with a return of 14.4 percent and financials, which gained 12.5 percent over the following six months. In the consumer discretionary sector, Hickey recommended

as a buy because consumers want higher quality food.

is his pick in the materials space. It has around 40 percent of international exposure, but Hickey finds it attractive within the sector and it has a consistent growth in dividend yield. In the financial space, he likes

.