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: Tech Talk

NEW YORK (TheStreet) -- The S&P 500 rallied again on Tuesday, closing higher by 0.72%. 

On CNBC's"Fast Money" TV show, guest Rick Sherlund, analyst at Nomura Securities, said Microsoft  (MSFT) could generate $1 billion to $2 billion in revenue with the addition of Office 365 to Apple's  (AAPL) iPad.

He added that the move could give current Office users a reason to upgrade to, or stay subscribed to, Office 365. He also said it should help investor sentiment for Microsoft. He called Oracle's (ORCL) earnings report "soft" but not "really bad." 

Tim Seymour, managing partner of Triogem Asset Management, said the move may not benefit Microsoft as much as some investors think. He was a buyer of Oracle. 

Guy Adami, managing director of stockmonster.com, questioned how International Business Machine  (IBM) would trade in reaction to Oracle's earnings report. He suggested that IBM has only traded higher because of the strength in the broader market. He was a buyer of Oracle at $36.50. 

Brian Kelly, founder of Brian Kelly Capital, said Oracle  (ORCL) has failed to embrace newer technology, which hurt the company's recent earnings report. 

Shares of GameStop  (GME) slid 3.5% on Tuesday after Wal-Mart  (WMT) announced it will accept video game trade-ins. 

Steve Grasso, director of institutional sales at Stuart Frankel, said that this news is the first time he's truly been worried for GameStop because Wal-Mart is such a large company and already has everything that customers need in one location. 

Adami said GME does not have a high valuation but needs to hold $35 or it could be headed much lower. Seymour agreed. 

Adami said it looks like Twitter  (TWTR) is headed to $48. Seymour added that Twitter is struggling to grow globally, while the stock's trading volume is in decline. 

Fossil  (FOSL) announced it would partner with Google  (GOOG) and offer wearable Android devices and clothing. Kelly said investors should consider buying Guess? (GES), as it may be the next to offer a similar service. 

Seymour said Fossil has a favorable valuation. 

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 17,804.80 +26.65 0.15%
S&P 500 2,070.65 +9.42 0.46%
NASDAQ 4,765.38 +16.9840 0.36%

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