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Brian Marshall’s Top Technology Play

Tuesday, 16 Apr 2013 | 5:43 PM ET
Brian Marshall's Top Cloud Computing Play
Tuesday, 16 Apr 2013 | 5:25 PM ET
One technology stock is trading at a discount and offers growth opportunity, ISI Group's Brian Marshall says.

One technology stock is trading at a discount and offers potential, ISI Group's Brian Marshall said Tuesday.

"EMC is our top idea for the year," he said. "We actually think EMC is much more of an enabler of cloud storage as opposed to getting deflated by it, and we think that there's phenomenal growth opportunity there. Trading at a discount to the market, a discount to IBM, and I think there's real value there."

On CNBC's "Fast Money," Marshall added that he had a "lukewarm buy" recommendation on F5 Networks.

As for companies in the PC space, such as Intel, Dell and Hewlett-Packard, Marshall sounded a cautious note on the sector.

"This area under secular decline," he said. "I don't think there's a lot of good opportunities in this space from a hardware perspective in our view."

Marshall noted that IBM had done "phenomenally" with expense management, although the company posted five quarters of declining revenues.

"At the end of the day, we think tech investment is all about growth," he said. "We would not go with IBM as a technology play here."

Trader disclosure: On April 16, 2013, the following stocks and commodities mentioned or intended to be mentioned on CNBC's "Fast Money" were owned by the "Fast Money" traders: Keith McCullough is long SBUX; Keith McCullough is long HOT; Tim Seymour is long AAPL; Tim Seymour is long BAC; Tim Seymour is long INTC; Tim Seymour is long SBUX; Tim Seymour is long KO; Brian Kelly is long EURO; Brian Kelly is short S&P; Brian Kelly is short UK Pound; Guy Adami is long C; Guy Adami is long GS; Guy Adami is long INTC; Guy Adami is long AGU; Guy Adami is long MSFT; Guy Adami is long NUE; Guy Adami is long BTU.

  Price   Change %Change
EMC
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IBM
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INTC
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4331
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HPQ
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FFIV
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