Trading Internet stocks in the week ahead –

Trading Internet stocks in the week ahead –

“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 billion.

“The knee-jerk [reaction] is going to take the stock higher,”Adami said.

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Turning to the Internet search sector, the tech giant Yahoo lost one of its top executives, Mike Kerns, on Friday and some “Fast Money” Traders said it was a cause for concern.

“I think that the catalyst for upside profitability in the name have sort of evaporated. Everyone was playing it as the Alibaba trade. At this point i think you gotta stay clear of the name,” Seymour said.

“Fast Money” trader Brian Kelly echoed his sentiments.

“You buy Alibaba as opposed to Yahoo if you want to have that exposure,” Kelly said. “If there was really some value in Yahoo i think it would be trading much higher, so it concerns me.”


Tim Seymour is long T, BAC, C, DIS, XOM, F, GE, GM, GOOGL, INTC, FXI, SUNE, Tim’s firm is long BABA, BIDU, CHL, MCD, NKE, NOK, SINA, SBUX, WB.

Steve Grasso is long AAPL, EVGN, MJNA, PFE, T, TWTR, GDX, his firm is long AMZN, NE, OXY, VALE, RIG, NEM, his kids own EFG, EFA, EWJ, IJR, SPY.

Brian Kelly is long BTC=, US Dollar, GLD, EEM, CTRL calls, GSG, BBRY, SPY puts, TLT, he is short Yuan.

Guy Adami is long CELG, EXAS, INTC, Guy Adami’s wife, Linda Snow, works at Merck.


Trading Internet stocks in the week ahead –

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