Investors looking for opportunities in an otherwise bleak market are hopeful that technology could be a beacon in a very stormy sea. Next week BlackBerry maker Research in Motion and Oracle report earnings. Considering only 2 stocks in the S&P tech index closed higher Friday, how should you trade?
Research In Motion
I love RIMM in every way expect for the fact that it ran $10 this week, says Pete Najarian. If it pulls back a few more dollars than look at it. Right now the stock is probably ahead of itself.
I’m paring down my position in RIMM ahead of earnings, says Qunit Tatro, but I always do.
Oracle is in two business – rolling up smaller software businesses and selling a lot of software to the financials, says Jeff Macke. Did you know the financial sector is in a little bit of trouble? Orcale is a well run company selling to customers who are miserable.
I wouldn’t race into Oracle either, adds Guy Adami.