Technology stocks landed front and center after Goldman Sachs warned investors to be cautious of the space.
The firm was particularly negative on the hardware sector calling it a ‘prime breeding ground for value traps.'
As they say one man’s trash is another man’s treasure. And CNBC's Fast Money pros all believe Goldman's call is misguided; they say there are still plenty of places to play in tech.
Although trader Stephanie Link concedes that she wouldn’t touch Dell , Xerox or Lexmark because of structural issues, the director of research at TheStreet, still sees lots of buys.
First she suggests EMC. “It’s in a secular growth market and it’s a high quality company,” she says. And Link very much believes in the theme. “It’s a great play on the cloud.”
Link also likes IBM. “The recurring revenue they generate is a great story.”
And she also suggests a long position in Apple. “I’d take advantage of the decline.”
Trader Mike Murphy, founder and managing partner at Rosecliff Capital, is also a buyer of Apple. “It’s still cheap and can still be bought,” he says. "If you've been waiting for a pullback, you've gotten your wish."
Trader Simon Baker, CEO of Baker Avenue Asset Management, sees the trade a little differently. He too sees opportunity, but says, if you’re looking for torque, look at HP . “I think HP has a much better chance of 60% upside than Apple.”
