On CNBC's "Fast Money Halftime Report," traders spoke about upgrades of Starbucks Corporation SBUX and Goldman Sachs Group, Inc. GS.
Joe Terranova owns Starbucks, but he is skeptical about the upgrade. He thinks the stock is fairly valued and it should be trading somewhere between $85 and $90. The company needs to improve margins and that would require an all-clear on the virus, explained Terranova. He wouldn't chase the stock.
Jon Najarian would sell the $90 strike calls in Starbucks. He thinks the right way to trade the stock is to buy it at $80 and sell it at $90.
Terranova also owns Goldman Sachs. He expects to see an upside surprise for the stock because of the strength in the investment banking and trading revenue.
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