“Fast Money” pros were upbeat on Microsoft despite one analyst’s lukewarm outlook.
“I really think it’s fine,” trader Guy Adami said Tuesday. “Given the stock was up a percent on a day that the broader market had problems, I think that’s a bit of a tell.”
Microsoft stock closed up 25 cents at $25.76 per share.
Earlier, Ticonderoga Securities analyst Neil Herman sounded a dour note on the Redmond, Wash.-based company.
“What benefits Microsoft the most is lower PC prices. Lower PC prices drive more unit shipments, which drives revenue for Microsoft,” he said. “So, given the shortage of hard drives, it looks like that curve is not in place today and that has negative impact, in our view on Microsoft.”
The shortage of hard drives earlier this week led Intel to cut its fourth-quarter forecast.
That outlook wasn’t enough to scare off trader Karen Finerman, who said she liked the company’s cash reserves and that it pays a dividend.
“I like it here, I agree with Guy — cheap to own,” she said.
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Trader disclosure: On Dec. 13, 2011, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s "Fast Money" were owned by the "Fast Money" traders: Karen is long PLCM; Karen is long GOOG; Karen is short SPY; Tim Seymourhas positions in AAPL, BAC, INTC; Joe Terranova is Long VRTS; Long LQD; Long MUB; Long IBM; Long EMC; Long SBUX; Long SU; Long CAT; Long SWN; Long TRLG; Guy Adami is Long C; Long GS; Long INTC; Long MSFT; Long AGU; Long BTU; Long NUE; Jon Najarian is Long CBOE; Long CME; Long GIGX; Long AAPL call spreads; Long CSCO call spreads; Long TRGT call spreads; Long PAAS call spreads; Long MBIA call spreads; Long NTRI call spreads;
Fund is long AAPL
Fund is long JPM
Fund is long IBM
Fund is long MSFT
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Fund is short IBM calls|
Fund is short AAPL calls
Fund is short MSFT calls
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