The Dow Jones Industrial Average closed at a record high on Tuesday and briefly traded just 1.3 points away from the 17,000 mark. As traders decide how to position their portfolios in the new quarter amid fresh record highs, the CNBC "Fast Money" crew each offered a stock to buy and a stock to sell at current levels.
Tim Seymour of Triogem Asset Management chose a stock in the financial sector as a name to buy right now. Seymour called Citigroup "the best play out there," and said that "this is a stock where the best news is ahead of it."
As for his "sell" pick, Seymour said that Microsoft is trading at a valuation that's hard to justify "when the company isn't reinventing itself." Microsoft has gained around 12 percent so far in 2014, and is up 22 percent in the past year.