These taper-tolerant stocks should do well even if the Fed removes stimulus, traders say

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These taper-tolerant stocks should do well even if the Fed removes stimulus, traders say (via TradingNation)

With worries over the end of stimulus front and center in the past week, CNBC's "" asked its traders for their top taper-tolerant stock picks – names that can survive, and even thrive, with a less dovish Fed.

"We think probably the most taper-resistant pick right now is something happening in the infrastructure play, and the infrastructure play leads us right to Nucor," Sanchez said Friday.has already rallied nearly 120% this year. The shares are up 12% just this month. Craig Johnson, chief market technician at Piper Sandler, said it serves investors to take a look back to the last time tapering was mentioned – in May 2013, when then Fed Chair Ben Bernanke first suggested changing policy. Johnson said the best-performing sectors in the second half of 2013 were materials, industrials and technology.

 

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