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Carter Worth Shares His 'Catch-Up Stocks'

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Carter Worth Shares His 'Catch-Up Stocks'

On CNBC's "Fast Money," Carter Worth shared with the viewers three stocks he would buy. These names have been lagging the market in the last two years, but they have doubled since March lows.

Hanesbrands Inc. (NYSE: HBI) is in a long-term downtrend, but it has recently jumped above the downtrend line.

DuPont de Nemours, Inc. (NYSE: DD) is still down 30% to 40% over a three-year period, said Worth. It moved sharply higher, above the downtrend, after its recent earnings report. Worth believes this is how the catch-up trade should look like.

There is a similar picture in Steel Dynamics, Inc. (NASDAQ: STLD). It had a huge day relative to the market on Monday and Worth believes it could continue to move higher.

 

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