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Take Your Position: Intel

On Tuesday you might want to keep an ear turned toward Intel . The company could make headlines with its Developer's Forum.

FBR analyst Craig Berger tells Fast Money that he expects to hear about all sorts of new technology and the overall health of the computer industry. "We should hear updates on the product road map... and the trend toward ultra small computing."

"I expect to hear something about Larrabee, the code name for Inte'ls graphics processing unit, " Jon Peddie tells InternetNews.com.

How will the Developer's Conference impact the stock?

Intel and all the chips stocks have had a huge run, says Berger. But I'm not sure they're going to dip. This holding pattern Intel and other chips stocks are in, may be the dip before the next leg higher. I think investors could bid up good news.

Nothing has happened in Intel to get me excited, counters Joe Terranova. But maybe the Developers Conference will change that.

I think Intel is a little rich, adds Guy Adami.

And if you're looking for other trades Berger also tells the panel to keep an eye on Marvell and NVIDIA .



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Trader disclosure: On Sept. 21st, 2009, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Seymour Owns (AA), (AAPL), (BAC), (EEM), (FITB), (INTC), (RIMM), (RIG), (SBUX); Seymour's Firm is Short (PBR); Adami Owns (AGU), (BTU), (C), (GS), (INTC), (MSFT), (NUE); Finerman Owns (RIG); Finerman's Firm Owns (BAC) Preferred Shares, Finerman Owns (BAC) Preferred Shares And Owns (BAC); Finerman's Firm Owns (WFC) Preferred Shares And Is Short (WFC); Finerman Owns (WFC) Preferred Shares; Finerman's Firm Owns (MSFT), (NOK), (PBR), (WMT), (RIG), (TGT), (PLCE), (HPQ); Finerman's Firm Is Short (IJR), (MDY), (SPY), (IWM), (USO); Terranova Owns (FCX) Puts; Terranova Owns (CAT) Puts; Terranova Is Short (WFC); Terranova Is Short (AA); Terranova Is Short (WYNN); Terranova Is Short (JWN)

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