Look no further than Intel (INTC) for evidence that tech shares have been working recently. But the real test of their staying power comes next week, when the five monsters of tech report earnings. Intel and Yahoo! (YHOO) report on Tuesday; e-Bay (EBAY) on Wednesday, and Microsoft (MSFT) and Google (GOOG) round out the week on Thursday. Does this breakout have legs?
CNBC Silicon Valley Bureau Chief Jim Goldman joins the guys for this conversation.
Jim Goldman tells the guys momentum is with Intel. He adds that since INTC is seeing strength, investors believe Microsoft might do well too because PC sales might be on the way up.
Jeff Macke tells the panel to sell INTC going into earnings.
Pete Najarian prefers Broadcom (BRCM), Sandisk (SNDK) as well as EMC Corp. (EMC) for VMware.
Jim Goldman adds that the 3 companies most likely to disappoint are Yahoo!, Motorola (MOT) and Advanced Micro Devices (AMD).
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Trader disclosure: On July 13th 2007, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders Macke Owns (ATVI), (DIS); Finerman's Firm And Finerman Own (COP), (C), (FTWR); Finerman's Firm Owns (AA), (AL), (BWS), (BAC), (HOV), (SKX), (WMT), (FL), (GE), (TGT) Finerman's Firm Owns S&P Puts; Finerman's Firm Is Short (RTP); Finerman's Firm Is Short (RIO)