This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

'Fast Money' Recap: A Tale of Two Tech Giants

Stocks in this article: GOOG MSFT NFLX CMG AGO GE HON WHR YUM SHW FDX YHOO MCD

NEW YORK ( TheStreet) -- The broader market trended higher except for the Nasdaq, which lagged behind due to tech companies struggling to post solid earnings reports.

Google (GOOG) and Microsoft (MSFT) were the biggest contributors to Friday's down day in technology. Both companies missed top- and bottom-line estimates Thursday but the former held up much better than the latter once the markets opened Friday.

On CNBC's "Fast Money" TV show, Guy Adami said Google had a much better story than what it first looked like on Thursday. He added he was looking for Google to hold support at $850 and it didn't even get close to that mark, rallying hard throughout Friday, and he thinks that will continue through next week.

Josh Brown said he really liked the tech giant and would be looking to add more. He also added that the only real sour part of the earnings report was that Google didn't make as much money on mobile ad space, but the sheer volume of mobile ads and the rate they are increasing should offset going forward.

While he was forgiving on Google, the tables turned quickly for Microsoft. He said that the software giant's report was "a bomb" and that this quarter looked like an inflection point for the company's shares to go lower, citing that management did not sound optimistic about its core business. He also called out investors who bought the stock for its dividend, saying those who bought it for that reason just lost two years' worth of gains with today's double-digit percentage selloff.

Brian Kelly thought that in general the dividend perspective could be scary for certain investors. He said that as investors shifted out of bonds because of the low yields in favor of dividends, the volatility could be much harder to stomach in events such as Microsoft's selloff.

As they shifted focus to Netflix (NFLX), which reports earnings on Monday, Melissa Lee, the show's host, wanted to know if traders should buy, hold or sell the content giant ahead of the event.

Adami said he was going to go out on a limb and say that you should buy it. Tim Seymour said that he was really pleased with the content from the company, but the valuation was too hard gauge and therefore called it a hold. Kelly felt similar and also marked Netflix as a hold. Brown said the results would be a coin flip.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 18,053.71 +23.50 0.13%
S&P 500 2,088.77 +6.89 0.33%
NASDAQ 4,806.8590 +33.3870 0.70%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs