It’s A Wireless World
As you check e-mail with your BlackBerry and dowload Kanye West onto your iPhone, remember that revenues for wireless companies are surging. In fact, Morgan Stanley predicts that global wireless data revenue will triple over the next five years. How do you get behind our wireless world?
Pete Najarian explains that according to the growth projections the market could reach $73 billion by 2011. He likes Juniper (JNPR), Cisco (CSCO), Nokia (NOK), Ericsson (ERIC), American Tower (AMT), Crown Castle (CCI) and Research in Motion (RIMM).
Karen Finerman says her trades are Comverse Technology (CMVT) and Fiber Tower (FTWR) which she thinks will benefit from the back haul build.
Jeff Macke prefers Synchronoss Tech. (SNCR) for its technology which allows users to boot up their cell phones from nearly anywhere.
Guy Adami prefers China Mobile (CHL).
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Trader disclosure: On Sept. 11, 2007, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Macke Owns (INTC); Najarian Owns (BJS); Najarian Is Short (GS); Pete Najarian Is The Co-Founder Of optionmonster.com, Finerman's Firm Owns (CMVT), (DVA), (JNJ), (KFT), Finerman's Firm Owns S&P 500 Puts And Calls; Finerman's Firm Owns Russell 2000 Puts; Finerman's Firm And Finerman Own (FTWR), (HD)