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'Fast Money' Traders Share Their Picks That Should Do Well Under Biden

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'Fast Money' Traders Share Their Picks That Should Do Well Under Biden

On CNBC's "Fast Money," Steve Grasso named Trinseo S.A. (NYSE: TSE), Westrock Co (NYSE: WRK) and Olin Corporation (NYSE: OLN) as stocks that should do well under President Joe Biden. He thinks accelerating fundamentals, higher interest rates, less tensed trade war and growth to value rotation are positive catalysts for these names.

Karen Finerman likes Financial Select Sector SPDR Fund (NYSE: XLF) because of higher interest rates. She thinks the infrastructure bill has a higher chance now so she would buy United Rentals, Inc. (NYSE: URI). Finerman also likes TJX Companies Inc (NYSE: TJX) as a re-opening trade.

Tim Seymour would invest in the cannabis sector, the online sports betting sector and in the emerging markets. His cannabis pick is GW Pharmaceuticals PLC- ADR (NASDAQ: GWPH) and Draftkings Inc (NASDAQ: DKNG) is his pick in the sports betting. The valuation for Draftkings is difficult, but the company is a leader, thinks Seymour. He would trade emerging markets with iShares MSCI Emerging Markets ETF (NYSE: EEM).

Guy Adami thinks TJX Companies would work in any environment. He likes iShares Nasdaq Biotechnology Etf (NASDAQ: IBB) and Caterpillar Inc. (NYSE: CAT).

 

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Posted-In: CNBC Fast Money Guy Adami Karen Finerman Steve Grasso Tim SeymourMedia Trading Ideas