GO
Loading...

Old Tech Stocks, New Value: Santoli

Friday, 22 Mar 2013 | 1:07 PM ET
Old Tech, New Value
Friday, 22 Mar 2013 | 12:41 PM ET
Mike Santoli, Yahoo Finance senior columnist, offers insight on 3 "unloved" stocks that he thinks are ready to run.

Three neglected tech companies could offer downside protection and decent returns, Yahoo! Finance Senior Columnist Mike Santoli said Friday.

On CNBC's "Fast Money," Santoli explained why he was positive on the likes of Corning, Texas Instruments and Intel.

"They're generally inexpensive," he said. "The sell side's not excited about them. They have a minority of the ratings or recommendations right now for buying, and I actually think they're decent dividend payers, good balance sheets."

Santoli added that it wasn't so much about what was exciting.

"I view them almost the way the old global industrials might've been viewed, as opposed to obviously edgy, innovative tech," he said. "They all have some kind of an overhand of a legacy product problem, I assume."

These neglected stocks were similar to pharmaceutical names that traded sideways until they were "discovered because of their bond-type properties," Santoli added.

Joe Terranova of Virtus Investment Partners wasn't a fan of Intel but acknowledged that Corning could hold some promise.

"Corning is a name, potentially, if you get a lift in some of the smartphone and tablet sales in terms of the acceleration that I would look toward. None of these names would I buy," he said. "To me, when you look at a cheap valuation in technology plays, Apple is actually the place right now to be."

OptionMonster's Pete Najarian was still a believer in the Intel story.

"I still think there's upside," he said. "You're getting a 4 percent dividend yield while you're waiting for them to get themselves in place to get themselves more into mobile.

"They missed that mobile run, but I think they're big enough and bad enough, they can push their way into that very, very rapidly."

Trader disclosure: On March 22, 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 calls in AAPL; Jon Najarian is long calls in JNPR; Jon Najarian is long calls in STX; Jon Najarian is long calls in FIG; Jon Najarian is long calls in KKR; Jon Najarian is long calls in BX; Jon Najarian is long calls in EA; Jon Najarian is long calls in SSRI; Jon Najarian is long calls in OC; Jon Najarian is long short puts in AAPL; Stephen Weiss is long BBRY; Stephen Weiss is long M; Stephen Weiss is long AIG; Stephen Weiss is short BHP; Joe Terranova is long VRTS; Joe Terranova is long SJM; Joe Terranova is long MJN; Joe Terranova is long SCCO; Joe Terranova is long AAPL; Joe Terranova is long PANW; Joe Terranova is long VSI; Joe Terranova is long AXP; Joe Terranova is long GPS; Joe Terranova is long KORS; Joe Terranova is long GS; Joe Terranova is long SWN; Joe Terranova is short S&P Mini Futures; (AS OF 3/18) Pete Najarian is long AAPL ; Pete Najarian is long BAC CALLS; Pete Najarian is long JPM CALLS; Pete Najarian is long YHOO; Pete Najarian is long BBRY; Pete Najarian is long SBUX; Pete Najarian is long FB; Pete Najarian is long MSFT; Pete Najarian is long COP CALLS; Pete Najarian is long MRO CALLS; Pete Najarian is long ABX CALLS; Pete Najarian is long CZR CALLS; Pete Najarian is long QQQ CALLS; Pete Najarian is long MTG CALLS; Pete Najarian is long EMC CALLS; Pete Najarian is long CROX.

  Price   Change %Change
GLW
---
TXN
---
INTC
---

Featured

Contact Halftime Report

  • Showtimes

    Halftime Report - Weekdays 12p ET
    Fast Money - Weekdays 5p ET
  • Scott Wapner is host of the "Fast Money Halftime Report," which airs weekdays from 12 p.m. to 1 p.m. ET.