2 Reasons To Buy Teradyne Stock, According To Joe Terranova

On CNBC's 'Fast Money Halftime Report," Joe Terranova discussed his recent buy in Teradyne TER and gave a few reasons why he bullish on the stock.

"I wanted to get exposure back into the $400 billion chipmaking industry," said Terranova.

He has the belief that this will be a better environment for the chipmakers under President-elect Joe Biden's administration.

Terranova bought into the stock before and said he's happy to buy it close to $100.

Two reasons to buy Teradyne:

1. It could potentially perform better under the Biden administration
2. Investors believe $100 is a good buying price