Second Half Stories


The Dow is wrapping up its best quarter since the end of 2003 but many questions still threaten the market. Dani Hughes, the CEO at Divine Capital Markets joins the guys with some answers.

First Hughes talks about trades to stay away from. “The financials,” says Hughes. “They have started correcting a little bit… stay away from (the mortgage) side of the market… (If you want to be involved in this space) you want to buy AFLAC (AFL) and HSBC (HSBA) as Asian insurance plays.”

Next Hughes talks about where to invest. “I like technology,” she says “The reason for being in technology is because only in the last couple months has technology bubbled up,” she says. “Anyone who is really big and can compete (in technology) in Asia - and against Asia - is where to be.”

Guy Adami and Jon Najarian agree. Guy likes Oracle (ORCL), Dell (DELL) Intel (INTC) and Microsoft (MSFT).

In addition, Jon says he’s seeing a lot of options play in Juniper (JNPR) which he interprets to mean the stock is going higher. Guy adds Juniper is a little expensive on a valuation basis.

Hughes also likes industrials and says “There’s a huge market building in Asia.” She thinks Asian countries are going to take money and invest in huge infrastructure. The guys toss out the Industrial SPDR (XLI) as a way to play the trend. Guy Adami adds that he likes Joy Global (JOYG) as a coal play.

Guy also talks about Fedex (FDX) which he thinks could start moving higher.

On a related note, Pete Najarian likes China and says Baidu.com (BIDU) is a buy.

And, as Jon Najarian said earlier, he likes United Health (UNH).


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Trader disclosure: On June 29 2007, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders
Jon Najarian Owns (RIMM); (AAPL), (DIS), (UNH), (TOL), (JNPR), (KOMG), (ZQK), (ISRG), (ITG), Pete Najarian Owns (BIDU), GE Is The Parent Company Of CNBC; Divine Capital Markets LLC Owns (AFL), (HBC), (JOYG), (ITRI)