The traders were talking tech Monday with Apple, Netflix and Amazon all landing front and center.
NETFLIX ‘LONG TACTICAL IDEA’ AT MORGAN STANLEY
With shares down a little less than 50% over the past month is Netflix finally oversold? Morgan Stanley says yes, and it’s a buying opportunity.
Evidently the folks at Morgan Stanely aren't the only ones who think the stock is cheap.
”JAT Capital has taken more than a 7% stake in Netflix, “ says Karen Finerman. “That’s interesting.”
”I think it goes lower before it goes higher,” says Guy Adami.
AMAZON UPGRADE AT STIFEL
Traders are also closely watching Amazon after Stifel Nicolaus upgraded the company saying it’s ‘less exposed to potential consumer slowing.’
How should you trade it?
”I’m a great fan of the company but not a fan of the multiple,” says Karen Finerman.
”Amazon is in the game and expanding,” adds Joe Terranova. But he also says if the S&P goes lower Amazon will likely go with it.
APPLE IPHONE EXPECTATIONS
All eyes are bound to be on Apple this week as they get set to announce the launch of the new iPhone 5.
How should you game it?
Hear more from Ticonderoga Securities Analyst Brian White, who has a $666 price target on the stock. Watch the video now!