Watch these three nontech stocks for potential rallies, MAI Capital Management strategist says​on February 4, 2025 at 9:38 pm

Chris Grisanti, MAI Capital Management’s chief market strategist, joined CNBC’s “Three-Stock Lunch” segment on Tuesday.Chris Grisanti, MAI Capital Management’s chief market strategist, joined CNBC’s “Three-Stock Lunch” segment on Tuesday.   Tech stocks have accounted for most of the big gains for investors over the past 15 years, but there are plenty of stocks outside that group that have also scored some strong runs. Chris Grisanti, MAI Capital Management’s chief market strategist, joined CNBC’s “Three-Stock Lunch” segment on Tuesday. He identified three nontech stocks that look good at the moment: pharmaceutical giant Pfizer , European aerospace manufacturer Airbus and pizza chain Domino’s . Pfizer The drugmaker is fresh off an earnings report that failed to win over investors. Pfizer reported 63 cents in adjusted earnings per share for the fourth quarter on $17.76 billion of revenue. Analysts surveyed by LSEG were looking for 46 cents in earnings per share on $17.36 billion of revenue. Despite the better-than-expected results, shares of the pharmaceutical company were down about 1.2% on Tuesday. Grisanti said he thought the earnings results were “pretty decent” and that the stock looks cheap. “We’re not talking Nvidia or Google. This is at 8 times earnings, it’s got a 6.5% yield. If they can get to 11-times earnings, you hold it for a couple of years, you can make 30-40% on the money even in a crappy market,” he said. The stock may have been hurt on Tuesday by the news that Robert F. Kennedy Jr., who has expressed skepticism about some vaccines in the past, moved one step closer to being the new secretary of the Department of Health and Human Services. Airbus The European airplane manufacturer should be in good position to take advantage of the growing global appetite for air travel, according to Grisanti. “They’re in a secularly growing industry, and they have a great product and a massive backlog,” Grisanti said. Airbus is not listed on an exchange in the U.S., though it does trade over the counter. The stock is listed on exchanges in France, Germany and Spain, according to the Airbus investor relations website. Airbus’ biggest global rival is embattled American aerospace company Boeing , which has struggled for several years with its commercial airplane business. Boeing also disclosed Monday that it lost $523 million last year on its Starliner space program . Domino’s The pizza chain’s stock has lagged over the past few years after being one of the best bets on Wall Street during the 2010s. Domino’s is off to a solid start in 2025, however, rising about 11% so far this year. The company has made some recent changes that could help the stock sustain the rally, Grisanti said. “Watch the earnings in late February for same-store sales, but I think finally we’re going to get some traction,” Grisanti said. Domino’s is set to release its fourth-quarter results on Feb. 24.