The IMF trims its economic growth forecast again as the U.S.-China trade war continues, Brexit worries linger and inflation remains muted.Economyread more
Citigroup thinks Tesla investors hoping for a post-earnings rally later this week should scrutinize a pair of related financial metrics.Investingread more
Olive branches were extended from both China and the U.S. as the two nations are set to restart face-to-face trade negotiations after a monthlong truce.Marketsread more
Coca-Cola topped Wall Street's expectations for earnings and revenue.Food & Beverageread more
New disclosures show Facebook and Amazon each spent more than $4 million on lobbying activity in the second quarter of 2019.Technologyread more
Boris Johnson, one of the biggest voices in the Brexit movement, wins the Conservative Party leadership race by a 2-1 margin.Europe Politicsread more
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Canaccord Genuity's Tony Dwyer believes stocks are about to fall as much as 5% from their all-time highs.Trading Nationread more
The "Fast Money " traders think there might be some opportunities in major technology companies ahead of their earnings reports.
Big technology companies are where investors should want to be in general, according to trader Pete Najarian. He explained that as traditional defensive sectors like utilities have become more expensive, investors have looked for opportunities in the tech sector.
There are also reasons to be optimistic about the sector as Microsoft posted an earnings report that beat analyst expectations on Tuesday.
Najarian said that companies such as Cisco, Intel and Microsoft look attractive because of their relatively low valuations and dividend yield. He warned however, that it may be a little late to trade big tech.
Trader Steve Grasso agreed with Najarian's last point, saying he's not bullish on IBM and a lot of these other big tech companies. He said that the environment of low interest rates has pushed people into riskier assets as they search for yield outside of traditional safe-haven government bonds. Grasso cautioned that the market could reprice soon.
Trader Guy Adami said Cisco is an interesting stock because not only is it "reasonably valued," but it also reports earnings in August, much later than some of the other major companies.
Long Stock: AAPL, BAC, BMY, CSCO, DIS, DISCA, GE, KMI, KMI.A, KO, LUX, MRK, PEP, PFE, VIAB Long Calls: AAL, AKS, AMJ, ANF, CHK, CLF, DAL, DVN, HALO, INTC, KGC, MPEL, MRO, MSFT, LLY, MT, MU, NTAP, NGD, P, SBUX, SLV, SLW, TMUS, XLE, YELP Puts: CS, NLY, EEM
Karen is long AAL, BAC, C, DAL, DRII, DRII calls, FB, FL, GOOG, GOOGL, JPM, LYV, KORS, KORS, KORS puts, M, MA, SEDG, SPY puts, UAL, URI, WIFI long call spreads. Her firm is long ANTM, AAPL, BAC, C, C calls, DRII, DRII calls, FB, GOOG, GOOGL, JPM, JPM calls, KORS, LYV, M, MOH, PLCE, SPY puts, URI, WIFI. Her firm is short IWM, MDY. Finerman is on the board of GrafTech International.
Steve Grasso is long BA, CC, EVGN, JCP, KBH, MJNA, MU, OLN, PFE, PHM, T, TWTR, GDX Grasso's Kids Own EFA, EFG, EWJ, IJR, SPY. No Shorts. Stuart Frankel & Co Inc. and some of its Partners are long AAPL, AVP, FCX, IBM, KDUS, LDP, MFIN, MJNA, NE, RIG, STAG, TEX, TITXF, URI, VALE, WDR, XRX, ZNGA, CUBA, ICE, HSPO, JCP, NXTD, SDS and short DIA, QQQ, SPY, XLI
Guy Adami is long CELG, EXAS, GDX, INTC. Adami's wife, Linda Snow, works at Merck.