4 Stocks to Weather Rising Rates

Investors should look at companies that generate cash and don't need to borrow money, Kim Forrest of Fort Pitt Capital Group said Wednesday.

"We've been anticipating that we can't have these rates that low for that long, so I wouldn't say we're anticipating the exact move, but we knew that this day would come, and here it is," she said.

On CNBC's "Fast Money," Forrest said that she had been looking for more "growthier" names.

"Nobody who can pay back seems to want to borrow," she added, explaining why she was avoiding financial stocks and instead focusing on cyclical shares of companies that are "probably not going to have to borrow money because they're generating cash."

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Intel: "You can throw that baby out with the bathwater and say they're a PC-only company," she said. "We don't believe it. They' generate a whole lot of cash, they return it to shareholders, and they're not going to need to borrow to do what they do."

Microsoft: "I love them because they are an IT play," Forrest said. "You're not going to boot them out of your data center. Sorry, Google. You're not going to replace Word with Google Apps. They really are an IT proxy, and I think they're here to stay for the long haul."

Boeing: "It still is bleeding cash, but they have plenty of very profitable planes that people want," she added. "They also do extremely well if book-to-bill is over 1, and we think that's going to happen through this year and into next year. So, Boeing is still on our list, and we really like Boeing."

Joy Global: "Joy's really a coal play," she said, adding that the company would be "very, very big" in China and India. "Both of those markets need coal for electricity, and Joy has a really good track record of having operated there since 1979. They did an acquisition. Unlike CAT, they actually bought a company that made stuff, and they're doing OK in that country."

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Trader disclosure: On June 12, 2013, the following stocks and commodities mentioned or intended to be mentioned on CNBC's "Fast Money" were owned by the "Fast Money" traders: Jon Najarian is long JOY; Jon Najarian is long KOG; Jon Najarian is long EEM puts; Jon Najarian is long SCSS; Jon Najarian is long UVXY; Simon Baker is long AAPL; Simon Baker is long GS; Simon Baker is long JPM; Simon Baker is long INTC; Simon Baker is long CSCO; Simon Baker is long FB; Simon Baker is long GOOG; Simon Baker is long HPQ; Pete Najarian is long AAPL; Pete Najarian is long BAC; Pete Najarian is long JPM; Pete Najarian is long MS; Pete Najarian is long XLF; Pete Najarian is long INTC; Pete Najarian is long BBRY; Pete Najarian is long SBUX; Pete Najarian is long FB; Pete Najarian is long MSFT; Pete Najarian is long SE; Pete Najarian is short SBOX; Steve Weiss is long BAC; Steve Weiss is long C.