Pat Gelsinger, CEO of VMware (VMW), said there are no plans for VMW and EMC Corp. (EMC) to merge. He said the current businesses are doing fine in a separate arrangement and shareholders are happy. He said VMW is not really affected by the cyber-hacking issues between the U.S. and China, but said it is a worrying factor for other U.S. information technology firms and organizations. He said technology stocks in general are not "extremely valued."
David Dewalt, chairman and CEO of FireEye (FEYE), said there is likely to be retaliation in the future from China in the form of cyber attacks. Currently, he sees Iran as another source of further cyber attacks thanks to that country's rising sophistication in technology. Turning to his business specifically, he said he is bullish on its "long-term" prospects.
Adami said WorkDay (WDAY) could climb to $90, but he is looking to sell the stock short within the next few days.
Nathan told investors not to buy 3D Systems (DDD) until it's in the $40s.Finerman said patient investors who will hold onto BAC will be happy they bought at current levels. She said the recent selloff is overdone and called the stock attractive in valuation. Seymour says gold looks likely to decline to $1,200 per ounce but miners such as Barrick Gold (ABX) look attractive near current levels. Symantec (SYMC) climbed 1% and was the first stock on the show's "Pops & Drops" segment. Adami said the stock looks likely to climb to $23.50 ahead of its analyst day on Thursday. Aeropostale (ARO) jumped 15%. Seymour said not to buy the stock because it looks like it's headed to zero. Staples (SPLS) fell 2%. Nathan said the stock may find support below $11 over the short term but the company's long-term prospects look very discouraging. North Atlantic Drilling (NADL) soared 14%. Finerman said Rosneft, a Russian oil company, has increased its stake in the company. Marc Andreessen, co-founder and partner of Andreessen Horowitz, said that as other countries' technology improves it raises the question of whether U.S. technology will be able to remain the global leader, and if U.S. national security will become more vulnerable.
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