One Sector’s Headed Higher: Pete Najarian
By: Bruno J. Navarro
Online Producer
As the Dow Jones Industrial Average broke above 14,000 intraday Friday, Steven Weiss of Short Hills Capital said he still liked one trade: "Short the bond market."
On CNBC's "Fast Money," Joe Terranova of Virtus Investment Partners said he was adding positions in two stocks: Goldman Sachs, amid a strong financial sector; and Apple, which declined as the broader stock market edged higher.
OptionMonster's Pete Najarian said he also liked financials, and not just the XLF ETF.
"JPMorgan is still under book value," he said, adding that $51 per share would offer a valuation equal to tangible book value.
"The stock is actually going to hit $52 a share," he added.
As the Dow above 14,000 Friday, Steven Weiss of Short Hills Capital still liked one trade.
