A growing number of investors are starting to worry that the rally is getting tired.
Oppenheimer's Carter Worth is among them. On Thursday’s Halftime Report , Worth – who’s been mostly bullish – raised the white flag.”The advance we’ve enjoyed from the February 5th low is reaching the outer limits of how far it can go and how steep it can go before there’s profit taking,” he said. At best he expects the market to trade sideways for a while.
Hillary Kramer, A&G Capital chief market strategist thinks the situation looks a little worse. She says expect a 7-10% pullback in the market and expect it to begin this month.Even Jon Najarian told us on the Halftime Report, we need absolutely exceptional results during earnings season, or I think we pull back.Single Stock Stories
Does that mean you can only trade from the short side? Absolutely not!. There’s plenty of opportunity on the long side. You just have to know where to look."The trick is to find undervalued stocks in a market that’s over extended like this one is," explains, says Hilary Kramer.
She brought two names to the Fast Money desk: They follow:
Evercore Partners (EVR)
--Boutique investment bank
--BlackRock co-rounder Ralph Schlosstein is CEOPage 1 of 7 | Next Page