Discussing the market trends and which stocks to buy and sell, experts on CNBC gave different options and reviewed the market positions of the hottest and the lowest stocks. Ranking Citigroup Inc (NYSE:C), American multinational financial services corporation, as the best stock to buy, Managing Partner of Triogem Asset Management, Timothy Seymour, said that despite the rough first quarter, Citigroup Inc (NYSE:C) is the best stock to buy mainly because it was quick to catch up with the market and likely to grow with a steady graph in the second quarter as Citigroup Inc (NYSE:C) stock is showing a good trend. It’s important to note that Citigroup Inc (NYSE:C) has $10 billion of fines by the Justice department, and a recent customer fraud in its Mexican subsidiary.
Surprisingly, Seymour saw Microsoft Corporation (NASDAQ:MSFT) stock as something to be sold out. He said that though the Microsoft Corporation (NASDAQ:MSFT) stock is not broken, it’s heading massive run and its rating very expensive to itself on a five year basis, and that’s the reason why Microsoft Corporation (NASDAQ:MSFT) will not do great in the second quarter.
“It’s very difficult to justify a company that is not reinventing itself, tomorrow we know that there are certain drivers, we know that possibly even the connection with Apple Inc (NASDAQ:AAPL) and getting under iPads and tablets will be good for them,” said Seymour.
Another expert said Cisco Systems, Inc. (NASDAQ:CSCO) is a hot stock to buy because Cisco Systems, Inc. (NASDAQ:CSCO) dividend yield and market stock back of $8 billion makes it a good option to take chances. He also said that Cisco Systems, Inc. (NASDAQ:CSCO) has done great as compared to its rivals.
Utilities SPDR (ETF) (NYSEARCA:XLU) is a stock to sell according to the CNBC expert because it’s the best performing entity in the utilities sector and in the coming quarter, all the top utility stocks will be sold so it’s a good time to cease the opportunity to avoid losses. The reason behind Utilities SPDR (ETF) (NYSEARCA:XLU) depletion is the market trend that will take utilities sector at the lower end.
E I Du Pont De Nemours And Co (NYSE:DD) was labelled as broken in the program by an expert and He and took side against E I Du Pont De Nemours And Co (NYSE:DD) and said that it must be sold immediately as its not performing well. He voted to buy Comcast Corporation (NASDAQ:CMCSA) because Comcast Corporation(NASDAQ:CMCSA) has lagged in past but its highly likely that it will get better as the economy gets healthier and consumer discretionary markets will be the hot area in stocks.
United States Steel Corporation (NYSE:X) is also regarded as a stock to buy by a CNBC expert because of its huge short interest, cheap value and elevating market graph because of the price increase in Steel. International Business Machines Corp (NYSE:IBM) is a stock to be sold out because the last four quarters have been disastrous for International Business Machines Corp.(NYSE:IBM) and the only reason its performing well in this week is because of the general market trend. CNBC expert says that the upcoming quarter will be bad for International Business Machines Corp (NYSE:IBM).
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