On CNBC's "Fast Money" TV show, Brian Kelly, founder of Brian Kelly Capital, said: "Well, Twitter's great but when you look at long-term investing you've got to say, what company are people going to need five years, 10 years from now? And so for me, when I look at the Nasdaq, I look at names that have underperformed. So one of the ones I was looking at today is Cisco (CSCO), down near $20." Calling Cisco "the railroad of the Internet," Kelly said he thinks this is the time to buy it.
Stuart Frankel's Steve Grasso he's "long on Hewlett-Packard (HP). It's had an incredible move. It's up over 85% year to date." He added that it is not just a traditional PC company but is also a 3-D printing company.
Guy Adami, managing director of stockMONSTER.com and head of Advantage Point, said: "I think the landscape still sets up very well for Micron (MU). I think the stock goes higher from here."
Tim Seymour, managing partner of Triogem Asset Management and founder of EmergingMoney.com, said: "Qualcomm (QCOM) was in the news today because they replaced their CEO. A lot of people think this is very good news." But because of the company's dependence on royalties from handsets, Seymour said he would proceed cautiously on Qualcomm.
Both Sprint (S) and T-Mobile (TMUS) surged Friday on a news report from Dow Jones Newswires that Sprint was working toward a bid for T-Mobile. Sprint had no comment on the report, but the panel members certainly did.
Grasso said, "I'm long Sprint and I got long T-Mobile on that news today." He added that both companies have coverage gaps they need to address if they want to compete with AT&T (T) and Verizon (VZ). He doesn't see an antitrust problem because combined the companies would still be smaller than AT&T and Verizon.
Adami thinks the play is AT&T, which just raised its dividend modestly.
Noting that the discussion was all speculation, Grasso said Dish Network (DISH) could make the situation interesting if it decided to get into a bidding war for T-Mobile.
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