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Government shutdown ‘buy’ list: Strategist

Government shutdown 'buy' list: Strategist

A few companies would continue to perform in the event that the Congress fails to pass a federal funding bill, Oppenheimer Managing Director and Chief Market Strategist John Stoltzfus said Monday.

"One of the concerns that I do have is the fact that around the cliff you had a lot of business leaders absolutely lobby politicians on what they really wanted to see happen," he said. "And this time, everybody's very laid back on it."

On CNBC's "Fast Money," Stoltzfus said that based on what he saw in the last six of eight trading days, consumer discretionary and industrials would continue to perform.

(Read more: Market to ignore Congress 'crying wolf': Stephanie Link)

Your best 'shutdown trades'

Honeywell and Boeing were well-positioned, as was Eaton," he said.

In the retail sector, Tiffany was his top pick, he said, for its exposure to Japan.

Ford Motor Co., too, would do well, Stoltzfus added.

(Read more: 'Significant shakeout' likely for stock market: Joe Terranova)

Government shutdowns have taken place 17 times in the past 37 years, and the stock market weathered the crises without adverse effect in the past two instances, Stoltzfus said.

During the shutdown that occurred Nov. 14-17, 1995, the S&P 500 gained 1.83 percent, he said. And it saw a gain of 0.06 percent during the most recent shutdown, which took place from Dec. 16, 1995, to Jan. 5, 1996.

(Read more: 3 winning stocks under new health-care law)

This time, the market was relatively good condition and close to its record highs, Stoltzfus said, citing a Mark Twain quote: "History doesn't repeat itself, but it does rhyme."

By CNBC's Bruno J. Navarro. Follow him on Twitter @Bruno_J_Navarro.

— CNBC's Michael Newberg contributed research to this report. Follow him on Twitter: @MikeNewberg.

Trader disclosure: On Sept. 30, 2013, the following stocks and commodities mentioned or intended to be mentioned on CNBC's "Fast Money" were owned by the "Fast Money" traders: Pete Najarian is long AAPL; Pete Najarian is long calls C; Pete Najarian is long calls JPM; Pete Najarian is long calls WFC; Pete Najarian is long calls INTC; Pete Najarian is long calls YHOO; Pete Najarian is long FB; Pete Najarian is long SBUX; Pete Najarian is long MSFT; Pete Najarian is long BMY; Pete Najarian is long PFC; Pete Najarian is long MRK; Karen Finerman is long BAC; Karen Finerman is long C; Karen Finerman is long JPM; Karen Finerman is long TGT; Karen Finerman is long GOOG; Karen Finerman is long M; Karen Finerman is long GM; Karen Finerman is short CVS; Karen Finerman is long FL; Karen Finerman is long KFC; Karen Finerman is short SPY; Karen Finerman is long SPY puts; Karen Finerman is short MDY; Tim Seymour is long BAC; Tim Seymour is long INTC; Tim Seymour is long SBUX; Tim Seymour is long F; As of 9/27 Steve Grasso is long MSFT; Steve Grasso is long BA; Steve Grasso is long BAC; Steve Grasso is long GDX; Steve Grasso is long GOOG; Steve Grasso is long HPQ; Steve Grasso is long MHY; Steve Grasso is long LNG; Steve Grasso is long MJNA; Steve Grasso is long NVIV; Steve Grasso is long PFE; Steve Grasso is long QCOM; Steve Grasso is long S; Steve Grasso is long ASTM; Steve Grasso is long POT; Steve Grasso is long DECK; Steve Grasso is long DHI; Steve Grasso is long EEM; Steve Grasso is long TSLA.