Top Analyst Trades Tech Ahead of Earnings
Earnings season will begin in earnest next week with a number of big blue chips reporting on a daily basis, including several notable companies in the technology sector. But which tech stocks are worth buying ahead of earnings?
To Mark Mahaney of RBC Capital Markets, eBay is worth a trade. The Internet retailer is scheduled to report after Wednesday's closing bell. Though the stock has underperformed relative to its peers, Mahaney said the company boasts a strong balance sheet and promising growth in online payments.
"We think expectations [are] low [with] limited fundamental risk this quarter [and so] we like it as a trade," Mahaney told CNBC's "Fast Money Halftime Report."
Meantime, Mahaney thinks Google is a "safe buy."
"I think the market has become more appreciative of some of the long-term investments this company has laid out; things like Google glasses, Google fiber," he said, noting earnings estimates have remained largely unchanged.
Mahaney added that Google has a strong core search business and other assets, including YouTube and maps.