American Airlines Group Inc (AAL)

[Ralph Canine]

Despite Stock Market Rally Many Opportunities Still Exist

NEW YORK (TheStreet) -- After the market's 10% selloff and subsequent rally, there are still a few buying opportunities left, said Stephen Weiss, founder and managing partner of Short Hills Capital Partners LLC.

On Wednesday's CNBC's "Fast Money Halftime Report he said he specifically likes airline stocks because of falling fuel costs, as well as portfolio protection via a long position in the CBOE Volatility Index (VIX.X) .

Investors should wait for a pullback in airline stocks, Pete Najarian, co-founder of optionmonster.com and trademonster.com, argued, with the exception of American Airlines (AAL) which is a buy near current levels. Chip stocks likes Intel (INTC) are also attractive near current levels.

Not just Intel, but Micron (MU) too. Mike Murphy, founder of Rosecliff Capital, reasoned that the stock is cheap and has the potential to do a large share repurchase. He also likes International Paper (IP) .