Strategist picks three stocks to buy in 2021 and three to avoid
Investors are optimistic in the early start to the year as the S&P 500 has rallied over the past two days. "We've been kind of coining this market as a pause that refreshes," Smith told CNBC's "Trading Nation." On the flip side, Smith highlighted three stocks that could come under pressure. "We want to avoid ones that are inflation sensitive ... and we know that commodity prices really lead headline inflation," Smith said. As for Best Buy, he said the work-from-home rush may have pulled forward demand for laptops and other electronic goods.
cnbc.com