Terranova mentioned that he had bought more shares of Advanced Micro Devices on Jan. 31, when the price was “a little bit below $110.” He added to that position on Tuesday and plans to use a stop at $116.75, so that “a winning trade can’t turn into a losing one.”
Karen Firestone of Aureus Asset Management chose CME Group Inc (NASDAQ:CME) as her pick, following its “very strong quarter.” The company is poised to benefit from the Fed’s rate hike.
Around 30% of the company’s business is futures and that business grew 50% the last time the Fed tightened, Firestone mentioned. CME Group has strong cash flows, offers a 4% dividend yield and have futures on bitcoin and ether, she added.
Stephen Weiss of Short Hills Capital Partners named Porsche Automobil Holding (OTCPK: POAHF) as his pick, while Jon Najarian chose US Foods Holding Corp. (NYSE:USFD).
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