The Dow might have stagnated on the 16,000 mark for quite some time, but that has not stopped the Fast Money Crew on CNBC from making their best picks going forward.
Joshua Brown during Wednesday interview remained skeptical on going for cheap stocks but chose General Electric Company (NYSE:GE) claiming it has the lowest risk. Mr. Brown believes that GE is in the perfect position to grow going forward as the global economy continues to pick up. GE’s 3.3% dividend yield is another enticing aspect of the stock that seems to have caught the attention of the analyst.
“At the end of the day you are a getting a 3.3% dividend yield for your patience,” said Josh.
The fact that General Electric Company (NYSE:GE) is shrinking its finance business which has not been lucrative over the past years continues to make it an enticing stock at the back of focusing on aerospace, energy and infrastructure business.
Jon Najarian on his part is going with the technology sector especially on chips, consequently choosing Intel Corporation (NASDAQ:INTC). Najarian is choosing Intel for its upside just as he chose Microsoft when it was in its mid to high 20’s. Najarian remains skeptical on Intel attaining the $40 mark as of the end of the year.
“I don’t think it will get to $40 by the end of the year, Mel, but it is a $30, $31, stock. I think it can get to the mid $30’s,” said Mr. Najarian.
The key to Intel Corporation (NASDAQ:INTC) success is its new chip that looks set to compete with NVIDIA Corporation (NASDAQ:NVDA) as well as the impending integration into Ford Motor Company (NYSE:F) According to Mr. Najarian.
Mike is, on the other hand, placing his bets on Goldman Sachs Group Inc. (NYSE:GS) considering the company is shifting its focus into wealth management business which has worked well for Morgan Stanley (NYSE:MS). The pick comes as a surprise, considering many financial companies have had a rough time for the first half of the year.
Stephen L Weiss is, on the other hand, sticking his guns on healthcare going for UnitedHealth Group Inc. (NYSE:UNH). Mr. Weiss is choosing UnitedHealth Group Inc. (NYSE:UNH) care on the basis that health care and the economy will always grow with each passing year.
“I do think that the Affordable Care Act is still going to be an engine of growth for the hospitals and for the managed care companies” said Mr. Weiss about the UnitedHealth Group Inc. (NYSE:UNH).