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).