Thanks to some late buying, tech stocks held strong in a rough day ahead of earnings from IBM (IBM), Yahoo! (YHOO) and Intel (INTC) Tuesday after the bell. Should you sell your big tech winners before the earnings storm?
Jeff Macke expects IBM (IBM) to be the least surprising tech titan that reports Tuesday. He anticipates they will beat expectations and thinks they announce a buy-back.
Pete Najarian likes Intel (INTC) ahead of earnings because he thinks they will benefit from global growth.
Jeff Macke is bullish on Yahoo! long term because he believes they might be a takeover target. He adds any signs from the company which suggest they could break-up will send the stock considerably higher.
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Trader disclosure: On Oct 15, 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 (HAS), (INTC); Najarian Owns (BBW), (C), (CY), (GOOG), (SIRF); Finerman Owns (GS), (C); Finerman's Firm Owns (COP), (GE), (KFT), (NMX), (NYX), (NVT), (MO), (PLCE); Finerman's Firm Owns Russell 2000 Index Puts; Finerman's Firm Owns S&P 500 Index Puts; Finerman's Firm And Finerman Own (FLS); GE Is The Parent Company Of CNBC