Stock Picker: Bang From the Buck

Paul Hickey is founder of Bespoke Investment Group, and the strong dollar has him looking for a powerful market rally. He's come up with a list of stocks he thinks will be riding that rally.

"Typically, when the dollar rallies, one thing you can count on is, stocks to rally," he told CNBC. "The average performance of the S&P 500 during dollar bull markets is about 86 percent."

While the dollar is at a 52-week high, the S&P 500 is at a 52-week low, positioning it for that big surge.


So which stocks does he especially like?

His first pick is Amgen.

"The stock has pulled back, but in their most recent earnings report, they had great guidance," Hickey said. "We think this pullback is just a short-term pullback before it continues higher."

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He also likes Ross Stores.

"It's a discount chain," he explained. "The economy is not too strong, so you get the trade-down buy consumers, and this stock has been a steady performer; it's exposed to the U.S. market, and that's what we want to look for here.

Also on his list is General Mills.

"You wouldn't think that General Mills and FedEx would have much in common, but just as FedEx raised guidance because of lower fuel costs, the lower commodities in this third quarter should help companies such as General Mills as well," he said.


Disclosure information for Paul Hickey was not immediately available.