Trades You Missed: Tech, Financials & More…
David Lutz, managing director at Stifel Nicolaus, and Jim Iuorio, director at TJM Institutional Services weighed in on the best places to invest now — that many investors may have overlooked..
Caterpillar —“The big infrastructure play seems to be the way to go,” Iuorio told CNBC. “CAT gets most of its revenue overseas so it will benefit from the weak dollar, and plus it pays a fairly decent yield.”
Technology SPDR —“It’s more top heavy with the big multi-national tech names compared to the QQQQ , which is what more people trade,” he said of the ETF. “And it doesn’t have much exposure to the tech health care. Anything that’s health care right now, is like banks to me — it’s something that the government can get their hands on and something I don’t like,” Iuorio said.
The Euro/Dollar —“We’ve got some major auctions from Germany, France and the UK next week and there’s been a lot of negative economic data coming out of Europe,” said Lutz.
“All these things could cause a lot of the flows that have been going from the dollar into the euro to reverse and come back into the dollar.”
Lutz has an investment banking client who owns shares from Regions Financial.
No immediate information was available for Iuorio or his firm.