Shares of Oracle hit a new 52-week high Thursday and in the past month, the stock is up by roughly 14 percent, reports CNBC's Melissa Lee.
Oracle's stock has outperformed following a series of event in the past month.
On Sept. 6, Oracle hired former Hewlett-Packard CEO Mark Hurd, who resigned from Hewlett-Packard on August 6 after having fudged his corporate expenses and following a sexual harassment probe. On Wednesday, Oracle founder Larry Ellison said they're interested not only interested in semiconductors as takeover candidates, but any intellectual property companines.
"The game has changed for Oracle," said Joe Terranova, chief market strategist of Virtus Investment Partners and Oracle shareholder. "The intergration of Mark Hurd. The comments out of Larry Ellison, which are absolutely phenominal. They are going after IBM. They are going after H-P with a very aggressive strategy."
Jon Najarian, an options trader and co-founder of optionMONSTER.com, wouldn't fade ORCL just yet. Investors could pull some off the table by locking it in by selling upside calls against it, he said. Najarian might consider fading ORCL on its "next big deal."
Regarding H-P, Lee noted that the stock has "pretty much stalled" since Hurd left and former SAP CEO Leo Apotheker took over.
From the floor of the New York Stock Exchange, Stuart Frankel's Steve Grasso said many investors were disappointed with Apotheker being named CEO. For those interested in playing HPQ, Grasso recommends a long position. As an alternative to HPQ, Terranova suggests IBM, which also hit a 52-week high Thursday.
Watch the video to see the full conversation on tech stocks.
TRADING THE GLOBE
After announcing earlier this week that it won't meet production forecasts, Petroleo Brasileiro's stock has taken a beating.
That's not surprising to EmergingMoney.com founder Tim Seymour, who noted it's not the first time the Brazilian-government owned oil company hasn't met a production forecast. He thinks the stock has been tough to call because a lot of new investors flipped the stock. It just needs to get into a range and investors should pick a spot, probably around $32 a share, he said. Seymour added that PBR is a "great, longer-term hold."
Gaming the World's Internet Needs
Seymour discussed another high growth, high beta play: growth in Internet penetration around the world, which he said will be "staggering" in the next few years.
To play it, Seymour suggests looking at companies that work with Cisco , including SKTelecom in Korea and Chunghwa Telecom in Taiwan and Netease.com in China.
"The whole wi-fi Internet space in emerging is one of the great reasons why you buy the emerging market consumer," Seymour said.
Watch the video to see Seymour's full comments—it starts at 2:30.
CALL TO THE FLOOR: ANGLOGOLD ASHANTI
As gold hit a record high on general weakness in the US dollar Thursday, AngloGold Ashanti announced it's completed the elimination of its hedge book.