“Extra” host Dayna Devin and her husband Brent from California want to know if they should be overweight in oil or tech for their children’s college fund?
Guy Adami says Broadcom (BRCM) is the play in the tech space. They’re about to settle a patent dispute with Qualcomm (QCOM). Guy anticipates there will be an acceleration in Wi-Fi, Bluetooth, and digital TV by the end of ’07 and Broadcom will benefit. He thinks it’s probably a $45 dollar stock.
In energy, Guy likes Tesoro (TSO), although it’s up 75% since the Summer and right now he thinks it’s too rich. Instead Guy prefers Valero Energy (VAL) because they have a better valuation.
Prof. Craig Rennie from Arkansas says his students are currently evaluating Cameco (CCJ) as a possible addition to their portfolio even though it is up almost 700% over five years. He wants to know if CCJ is a smart buy?
Eric Bolling says CCJ is fundamentally a good stock.
Prof. Rennie also wanted to know what Eric looks for, when he’s getting in or out of a stock.
Eric explains that he looks for the 10, 20 and 50 day moving averages to tell him when to buy or sell. When all three cross in the same direction going up, that’s the time to buy. Going down - time to sell.
Julie from Maine asks, given that corporations and businesses have been cutting back on healthcare in the workplace, is Henry Schein (HSIC) the right play in the healthcare sector or are there any other stocks in the sector to make me some Fast Money?
Tim Strazzini says he likes McKesson(MCK) or Cardinal Health (CAH). And he prefers the technology companies in the space, such as Gartner (IT) or Eclipse (ECL) because they’re large cap names.