Fast Money Traders Share 4 Stocks That Are Going To Reach Their Highs
Tim Seymour spoke on CNBC's Fast Money about McDonald's Corporation (NYSE: MCD). He thinks that the stock is going to its all time highs because of the novelties it has recently introduced. He emphasized the all day breakfast and the kiosks and he also has faith in the CEO, Stephen Easterbrook. Seymour likes 3.5 percent dividend yield the company is paying.
Steve Grasso likes Home Depot Inc (NYSE: HD), which is trading pretty close to its highs. It has a 2 percent dividend yield and Grasso believes that if the market takes a hit, Home Depot Inc is going to perform better than the rest of the market.
Brian Kelly thinks that CVS Health Corp (NYSE: CVS) has the best chance to reach its highs. He explained that the strong U.S. dollar is good for the stock and $98 is a tremendous support.
Guy Adami believes that Facebook Inc (NASDAQ: FB) is going into orbit. He expects it to trade higher after it reports earnings in October.
© 2016 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.