GO
Loading...

‘Rip-Roaring Bull Market’ Ahead: Pro

Funds will continue flowing into U.S. equities, making the case for a continued rally, Stephen Weiss of Short Hills Capital said Tuesday.

"We're in a rip-roaring bull market, where not only do we have every central bank easing now, but essentially you have cash coming back in the U.S. that we didn't expect there, and it will go into the equity market," he said.

On CNBC's "Fast Money," Weiss said that some cyclical stocks were still buyable, but not commodities.

Technology and airline stocks looked most attractive, he added.

"They've been tremendous places to be," Weiss said. "I'm still there."

Weiss said that he liked AAMRQ, SODA and GMCR.

Earlier on CNBC, David Tepper of Appaloosa Management said that he remained bullish on stocks regardless of the Federal Reserve's possible tapering of its bond-buying program.

(Read More: It's a 'My Cousin Vinny' Market, Bullish Tepper Says)

Josh Brown of Fusion Analytics sounded positive on equity risk premiums.

"The other thing I would point out is: Absent any kind of monstrous destruction happening, people are still looking for that, and that's a good sign," he added. "The fact that everyone's still so skeptical, I think, is positive."

Brown said it was time to focus primarily on price and internals, as well as continued sector rotation within the stock market.

"That's what a bull market looks like," he said. "And I think until that changes, there'd really be no reason to be looking elsewhere for answers that are not apparent."

Joe Terranova of Virtus Investment Partners said that remained selectively bullish on stocks.

"I am a believer," he added.

"To get to the cyclical story, I think the first thing that has to happen is 10-year Treasury yields have to signal a little bit of an acceleration of growth. So before I make the cyclical trade, I want to bet, in essence, against Treasuries, and I'm doing it by the TBT."

Trader disclosure: On May 14, 2013, the following stocks and commodities mentioned or intended to be mentioned on CNBC's "Fast Money" were owned by the "Fast Money" traders: Josh Brown is long GLD; Josh Brown is long XLU; Josh Brown is long WMT; Josh Brown is long DDD; Josh Brown is long PFE; Joe Terranova is long VRTS; Joe Terranova is long SJM; Joe Terranova is long SPLK; Joe Terranova is long LNKD; Joe Terranova is long SWN; Joe Terranova is long TBT; Stephen Weiss is long BAC; Stephen Weiss is long C; Stephen Weiss is long SODA ; Stephen Weiss is long AAMRQ; Stephen Weiss is long LCC; Stephen Weiss is long UAL; Stephen Weiss is long BBRY; Stephen Weiss is long SODA ; Stephen Weiss is long AAPL; Anthony Scaramucci is long AAPL; Anthony Scaramucci is long BAC; Anthony Scaramucci is long GS; Anthony Scaramucci is long YHOO; Anthony Scaramucci is long GOOG; Anthony Scaramucci is long WMT.

Contact Halftime Report

  • Showtimes

    Halftime Report - Weekdays 12p ET
    Fast Money - Weekdays 5p ET