CNBC's Fast Money traders suggest putting Motorola Mobility on the radar after Cowen lowered its rating on the stock.
Analyst Matthew Hoffman cut the stock to 'Neutral' from 'Outperform', citing strong competition from the just introduced iPad 2.
Apple moving up the launch to March 11th made the key difference.
In a live interview on CNBC’s Fast Money Hoffman explains he had originally anticipated an early April launch for the new iPad. He thought Motorola would have a six week head start with its rival tablet Xoom to gain momentum "but that window’s just not going to be there.”
As a result, he cut his estimates for Xoom to 2.2 million units this year from a prior 3.2 million. “The equation shifts more toward Apple — for now,” Hoffman says.
Check out our entire conversation with Hoffman. Watch the video now!