Trading tech: 5 stocks to buy
The “Fast Money” traders give you their 5 trades in the tech sector.
With Apple reportedly set to offer a new bond, an event that’s previously led to stock gains of more than 19 percent, “Fast Money” trader Guy Adami said now is the right time to buy Apple.”The genius of Apple is they make people […]
“Fast Money” trader Tim Seymour says shares of fellow content streaming provider Pandora may get a boost thanks to competitor Spotify’s surprise valuation.Investors have valued its Spotify at about $8.4 billion, according a Dow Jones report, as it plans to raise some $400 million in funding. That values the firm at more than double Pandora’s current market cap of $3.6 […]
MicronAnother battered chipmaker, Micron has slipped about 24 percent lower this year. The stock gained slightly on Thursday, and trader Karen Finerman believes it may have found a floor around $26 per share.NetflixVideo streaming service Netflix has floated 22 percent higher this year. It closed down nearly 1 percent, at about $418 per share on Thursday.Adami believes the stock will […]
TransportsA more than 3 percent jump in U.S. crude oil prices helped to push Dow transportation stocks 2 percent lower on Wednesday. Delivery services company FedEx also fell more than 2 percent.Read MoreThere’s a huge sentiment split building in marketWeakness in the stock offers a buying opportunity, Seymour said. It closed around $165 per share on Wednesday.Trader Brian Kelly looked […]
Related NVDAWhy Goldman Is Downgrading Nvidia (And The Stock Is Down 2%)Canaccord Genuity Sees Solid Growth Potential For NVIDIANvidia(Investor’s Business Daily)Related MUAbout Micron’s Manufacturing Transition…Here’s What The Street ThinksPricing Woes May Hurt Q2 For Micron TechnologyMicron: Is The Worm About To Turn (Again)?(Seeking Alpha)On CNBC’s Fast Money, traders compared NVIDIA Corporation (NASDAQ: NVDA) and Micron Technology, Inc. (NASDAQ: MU) to […]
Seymour warned that the fund sat in “overbought territory,” saying that it might soon pull back. Trader Brian Kelly agreed, adding that investors might want to take profits on biotech names next week.Some biotech names may not have exhausted their momentum, trader Guy Adami said. He believes that Celgene could move even higher, adding that Gilead and Amgen may have […]
Baidu—another recently volatile stock—has shown “impressive” signs, said trader Tim Seymour. The Chinese Internet company climbed about half a percent on Monday.”Don’t run out wholesale on Chinese Internets,” Seymour said.Read MoreWhat slowdown? Chinese firms most upbeat in a yearOracle jumped nearly 2.5 percent on Monday ahead of reporting quarterly results on Tuesday. The computing company looks “interesting” ahead of its […]
