Pete Najarian Recommends Siemens AG (SI) As A Buy

CNBC Fast Money's Pete Najarian suggested investors to buy Siemens AG (ADR) SI. He explained that this stock is like a German version of General Electric Company GE. He is encouraged with the progress Siemens (SI) has made in India. Pete Najarian also likes forward P/E, and the dividend yield of Siemens (SI). Siemens pays a dividend yield of 2%, and has a forward P/E of 11.96. Siemens (SI) gained 2.31% on Thursday, and it closed at $102.01. It had a volume of 1.29M shares.