All this month we've been bringing you our Fast Money friends’ top trades for the new year.
Deutsche Bank's chief U.S. economist and CNBC contributor Joe LaVorgna tells the desk he’s a buyer of US stocks and a seller of bonds as a bet on a healthier economy in 2011.
"We think the S&P will do quite well next year," he tells the desk during a live interview. "We have a $96/share estimate at a fair value multiple of 16.4; and our strategists are looking for a year end target of 1515."
"I also think investors should bet on the US dollar," he adds. The greenback, I think, will do particularly well against the euro as growth in the US dramatically outperforms that of Europe."
"And also bet on the American cash register," LaVorgna says. "I also think the story next year will be an improving labor market and a much healthier consumer. That should bode well for consumer discretionary .
Get more details. Watch the video now!
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Trader disclosure: On December 20, 2010, following stocks and commodities mentioned or intended to be mentioned on CNBC’s "Fast Money" were owned by the "Fast Money" traders; Seymour owns (AAPL), (BAC), (FXI); Terranova owns (CRM), (VRTS), (C), (UPL), (PEP), (GS), (OXY), (NKE); Terranova owns Gold puts; Adami owns (AGU), (C), (GS), (INTC), (MSFT), (NUE), (BTU); Adami's wife works at (MRK); Pete Najarian owns (BBY) calls; Pete Najarian owns (C); Pete Najarian owns (GE); Pete Najarian owns (MS); Pete Najarian owns (PFE); Pete Najarian owns (V) call spreads; Pete Najarian owns (YHOO)
For Joe Terranova
Terranova is Chief Market Strategist of Virtus Investment Partners, LTD
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BARRY RITHOLTZ
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DOUG KASS
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JOE LAVORGNA
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RICH GREENFIELD
***NO DISCLOSURES ON TWX, VZ, GOOG, MSFT, CVC, DWA, RGC
ALEX HAMILTON
Hamilton has no disclosures.
JOE TERRANOVA FAST FIRE SOT
Terranova did not own eBay on 11/24/2010
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