#1- TRADING TECH'S BIG WEEK
Google and other major Nasdaq names release earnings next week. Will news from the search giant mark a turnaround for tech?
Piper Jaffray Senior Research Analyst Gene Munster joins the panel for this conversation. Following is a summary of his main points.
What do you expect from tech?
Typically March is the most difficult month for tech, replies Munster. I’m expecting a difficult broader quarter. Remember the back half of the year is usually strong for tech so I recommend owning it when everyone else gets freaked out which is usually the late spring or summer.
How about Google specifically?
I’m anticipating a miss, says Munseter, but despite the numbers I think the stock will be going higher over the next few months. It seems to me that Google is kind of “running away with the internet.” At the end of the day everyone needs Google. I think it’s a buy ahead of earnings.
I’d buy after the earnings, but not before, counters Jon Najarian.
I’d rather own Intel than take a bet on Google, adds Jeff Macke.