- SKorea analyzes computers used in cyberattacks
- Special alloy sleeves urged to block hackers?
- London 2012 replaces sponsor Nortel with Cisco
- Google CEO: New operating system changes the game
- Guatemalan court rules in favor of tweet author
- Sprint Nextel signs networking deal with Ericsson
- How exactly does Twitter plan on making money?
- Germany calls for ban of neo-Nazi sites abroad
|
CNBC'S MOST SHARED
- Unemployed? Bored? Make Money Playing Beer Pong
- Warren Buffett's Top Three Investment Rules for the Average American
- The Highest Grossing (Inflation Adjusted) Movies of All Time
- Geek Squad V. Gizmodo
- Merrill's McCann Seen as UBS Wealth Frontrunner
- Social Networking's 'Naked' Truth
- Blog You!!!
- Why the Credit Pendulum Is Stuck at 'Stupid'
- WPP's Sir Martin Sorrell on the Ad Recession
- Why the Credit Pendulum Is Stuck at 'Stupid'
- Cheney Told CIA to Withhold Information: Report
- 'Bruno' Fashions Top Spot at US Box Office
- Stimulus Will Kick in Later this Year: President Obama
- Lender CIT Group Hires Premier Bankruptcy Adviser
- Government Selling Bank Stakes for Too Cheap: Panel
- Buffett's Top 3 Investment Rules for Average Americans
- Market Insider: Earnings Loom in the Week Ahead
- Bulls Get Summertime Blues, But It's Hot Fun for Bears
Text Size 
Where can the traders be found this week? Deep in the heart of techs.
Microsoft's [MSFT
Loading...
()
] earnings "absolutely knocked the cover off the ball," OptionMonster.com co-founder Jon Najarian tells CNBC. "What do you do? I think you do get to the sidelines for the short-term, but long-term.. perhaps six months.. I think the stock goes up through 40, and probably is, in the first quarter of this next year, trading in the 42, 44 dollar level."
"Microsoft, Yahoo [YHOO
Loading...
()
], all these companies are running on all cylinders right now," says LanczGlobal president Alan Lancz. "The strong stocks that are leading and can differentiate their product, I think there's still room to grow with technology.
But not all technology.
"We plan on reducing out technology overweight.. we started this week with selling companies like ADC Telecommunication [ADCT
Loading...
()
]. . . we don't see any really proprietary differential type product there, so I think you're going to have margin erosion," he said.
OptionMonster's Najarian will have his eye on Microsoft for some time. "I would take profits in the short term," he cautions, "and look for a chance to get back in around 33."
Print
Email
Data is a real-time snapshot *Data is delayed at least 15 minutes