In the Fast Money Happy Hour we go to the bar to get Thursday’s trading buzz.
Scott Martin, Managing Director at Astor Financial joins the conversation. Following are excerpts from what was said.
According to Martin, PowerShares QQQ (QQQQ) still looks good. However, he believes tech will continue to outperform for three reasons: healthy balance sheets, cheap valuations and M&A activity. Specifically he likes Oracle (ORCL) and Yahoo! (YHOO).
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Trader disclosure: On Oct 11, 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 (EMC), (HAS), (INTC), (JWN), (ATVI): Najarian Owns (GOOG); Najarian Owns (EMC) Call Options: Finerman's Firm And Finerman Own (ASD): Finerman's Firm Owns (DAI), (LTD), (MSFT), (NYX), (NMX), (TGT). (WMT), (GS), (COP): Finerman's Firm Owns S&P 500 Puts; Finerman's Firm Owns Russell 2000 Puts: GE Is The Parent Company Of CNBC