Why Our Columnist Likes Nvidia and Intel for 2017's Second Half
TheStreet's Market Recon columnist Stephen Guilfoyle likes tech stocks Nvidia (NVDA) - Get Report and Intel (INTC) - Get Report for 2017's second half.
Guilfoyle said during TheStreet's July Trading Strategies roundtable that even if Intel -- which has more or less traded flat for the past three years -- doesn't move much, it still offers a generous dividend yield and the possibility of future gains.
"Intel stays in the low-$30s and pays you 3.2%," he said. "And they're heavily involved in this driverless auto theme that everyone's talking about."
As for Nvidia, the columnist noted that NVDA is involved in "everything that's relevant right now," from artificial intelligence to block-chain technology. Guilfoyle, a former New York Stock Exchange trader, said that while Nvidia is a "dangerous stock" due to its current high value, he ultimately favors the name.
Watch more clips from July's Trading Strategies: How to Play a Risky Second Half:
- July Trading Strategies: How to Navigate a Risky Second Half
- Why I Hate Bank Stocks: Peter Tchir
- U.S. Dollar Could Fall Another 20%
- Why This Summer Will Stay Quiet
- Systematic Issues Could Come Home to Roost in the Second Half
- The Story of the Weaker Dollar Will Continue
- Should You Start Looking at Industrials and Materials?
This article was written by a staff member of TheStreet.
