Forget about companies with good dividends and good balance sheets. The ones with strong top-line growth ahead are the ones to buy, Sarat Sethi of Douglas C. Lane & Associates said Friday.
"We're adding to Ford, we're adding to GM. We're adding to Johnson Controls," he said.
On CNBC's "Fast Money, Sethi explained why.
"These are companies that are going to grow top line," he said. "In our view, in the next couple of years, is all these companies we talked about, these are the ones that you want who are going to grow, not just have good dividends, good balance sheets and be 2, 3 percent growers.
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"I want 5 percent growers that can actually add to the bottom line because as rates go up, which we don't know how far they're going to go or when they will, but they will."
In addition to the auto industry, Sethi also liked the airlines, regardless of what happens with the proposed merger between American Airlines and US Airways.