‘A Positive Cocktail for Stocks’: UBS Strategist
Online Producer
Several factors provide an atmosphere conducive for additional stock market gains, UBS Chief U.S. Equity Strategist for Wealth Management Research Jeremy Zirin said Monday.
"The cyclical picture is improving, both from an economic perspective and a corporate profit perspective, and you still have central banks that are very accommodative," he said. "That's usually a very positive cocktail for stocks."
On CNBC's "Fast Money," Zirin said that he saw the technology sector improving to lead the broader stock market higher while policy risks will start to recede.
"I do think that we're likely to see further gains for the market, perhaps not this week," he said.
Trader disclosure: On Feb. 4, 2013, the following stocks and commodities mentioned or intended to be mentioned on CNBC's "Fast Money" were owned by the "Fast Money" traders: Joe Terranova is long VRTS; Joe Terranova is long AAPL; Joe Terranova is long GS; Joe Terranova is long SWN; Joe Terranova is long XOM; Steve Weiss is long BBRY; Steve Weiss is long RIMM; Steve Weiss is long BAC; Steve Weiss is long TBF; Steve Weiss is long C; Stephanie Link is long GS; Stephanie Link is long WFC; Stephanie Link is long CSCO; Stephanie Link is long SBUX; Stephanie Link is long CVX; Simon Baker is long AAPL; Simon Baker is long C; Simon Baker is long WFC; Simon Baker is long GOOG.
