Brian Kelly Missed On Emulex (ELX) And QLogic (QLGC)

On July 13th, Brian Kelly recommended investors on CNBC's Fast Money buy Emulex Corporation (NYSE: ELX) and QLogic Corporation (NASDAQ: QLGC). Since he recommended these stocks, Emulex (ELX) fell 9%, and QLogic (QLGC) dropped 14%.

Brian Kelly explained that earnings disappointed. He doesn't own Emulex (ELX) and QLogic (QLGC), but he still likes their story. He concluded that he has to wait for a better tape.

QLogic (QLGC) fell 0.69% today, and closed at $15.93, while Emulex (ELX) lost 3.61% and closed at $8.81.