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Three stocks to buy with the Fed split on rates, traders say

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As the Fed's path becomes murkier, two traders have some ideas on where to put money to work.

" on Wednesday. "The stock broke out in late July at a time when many of the other stocks were peaking in the market."

Newton says momentum behind it has not yet become overbought, and the stock could play catch-up all the way up to $47.79. That implies 12% upside from current levels."This had made a breakout of over a 16-year base," said Newton. "The stock has had a heck of a run. It's up about 25% since [this time last year], but really no meaningful resistance up until about $91.50, which were the highs that were made almost 20 years ago.

 

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