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Top large-cap ‘buy’ stocks: Pro

Thursday, 18 Jul 2013 | 1:30 PM ET
4 top aerospace 'buy' stocks: Pro
Thursday, 18 Jul 2013 | 12:41 PM ET
Despite a few bumps in the road with its 787 Dreamliner, Boeing sits at the beginning of a multi-year run-up, Jeff Rottinghaus of T. Rowe Price says.

Despite recent troubles with its new 787 Dreamliner aircraft, Boeing looks attractive, Jeff Rottinghaus of T. Rowe Price said Thursday.

Rottinghaus also said that he liked Boeing suppliers United Technologies, Precision Castparts and Honeywell.

"We think this is a long, multi-year cycle ahead of us, and we think all four of those stocks will do quite well," he said on CNBC's "Fast Money."

Boeing's stock price took a hit after a fire broke out Friday aboard an unoccupied 787 Dreamliner at London's Heathrow Airport.

(Read More: Boeing's shares reel on Heathrow fire, drag Dow with it)

Rottinghaus, however, brushed off concerns about Boeing, which had a "duopoly" on large aircraft along with Europe's Airbus.

"So you do expect with a new aircraft some bumps in the road, but you think longer term, you kind of look through the noise, and you see great cash flows being generated by Boeing and its suppliers over the next few years," he said.

Boeing's carbon composite concerns
Investors and passengers are awaiting tests of the carbon composites technology that makes up the Dreamliner's fuselage, reports CNBC's Phil LeBeau.

(Read More: Despite fire, airlines flying Boeing's Dreamliner)

Rottinghaus also liked wireless technology plays, with his top picks being Cisco, Juniper,Altera and American Tower.

"We think there's going to be an inflection point, or an acceleration, in wireless infrastructure spending in the second half of this year," he said.

Rottinghaus's top large-cap financial stock was Citigroup, largely on housing.

"We think housing's getting better, and as they're able to roll off some of the balance sheet issues on Citi Holdings, we think that's a great earnings driver for Citigroup," he said, also noting the bank's new management team and a stock that was trading under book value.

"We think there's a lot of room for Citi to appreciate in the future," he added.

Trader disclosure: On July 18, 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 AAPL; Josh Brown is long DD; Josh Brown is long PFE; Mike Murphy is long BAC; Mike Murphy is long C; Mike Murphy is long CAT; Mike Murphy is long LEN; Stephanie Link is long AAPL; Stephanie Link is long JPM; Stephanie Link is long WFC; Stephanie Link is long CSCO; Stephanie Link is long FB; Stephanie Link is long EBAY; Stephanie Link is long UTX; Stephanie Link is long HON; Stephanie Link is long DD; Stephanie Link is long VALE; 7/12 Jon Najarian is long AAPL; Jon Najarian is long JPM; Jon Najarian is long GDX overwrite calls; Jon Najarian is long FB; Jon Najarian is long MSFT ; Jon Najarian is long BAC; Jon Najarian is long SPRD; Jon Najarian is long NOK; Jon Najarian is long COP; Jon Najarian is long NTAP; Jon Najarian is long OC; Jon Najarian is long TMO; Jon Najarian is short EEM thru puts; Jon Najarian is short GLD puts.

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BA
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UTX
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PCP
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HON
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CSCO
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JNPR
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ALTR
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AMT
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C
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