Is Tech Back?
By: Lee Brodie | Producer
Tech landed on the Fast Money trader radar with a slew of names including Apple jumping on Monday. What's the trade?
How should you play the space now?
Intel
Typically when Intel reports it tends to be the top or bottom of a move in the short-term, says Guy Adami. At 22 and change you have something to trade against.
| Price | Change | %Change | ||
|---|---|---|---|---|
| INTC | --- |
IBM
At 10.5 times forward earings I like IBM here, Adami says.
At this valuation I also think IBM is great to own, adds Karen Finerman.
| Price | Change | %Change | ||
|---|---|---|---|---|
| IBM | --- |
| Price | Change | %Change | ||
|---|---|---|---|---|
| VOW3 | --- |
Apple
The move was so extreme in Apple it’s hard to make heads or tails, says Guy Adami. But $235 is probably a good target.
XLK
I went short the Tech ETF, reveals Brian Kelly. I just have to question how much corporate spending will go into this space now.
Tech landed on the Fast Money trader radar with a slew of names including Apple jumping on Monday. What's the trade?
