The traders of CNBC’s Fast Money discussed stocks to buy with the dollar strong on Friday, October 3.
Tim Seymour would turn to U.S. based consumer staples, like Kroger (KR), perhaps the best-performing domestic supermarket which is “beating Whole Foods at its own game” with natural and organic offerings in its aisles. Seymour says Kroger is “a very defensive stock with upside because they are executing.”
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Pete Najarian likes Chipotle Mexican Grill (CMG) for its “sustained growth” even though it is richly valued. Since it is U.S. based and is an aggressive grower, Najarian doesn’t feel it is overvalued.
Guy Adami like Jack In the Box (JACK), and added, “Yes, it is expensive, but the stock has performed well on lousy tapes, which we have seen this past week, and good tapes, which we saw again today.
Brian Kelley would take refuse in energy stocks and likes the XOP (XOP) ETF because it has more exposure to natural gas, which is trading at more robust levels than oil.
