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Guy Adami And Chad Morganlander Share Their Thoughts On AMD, PayPal, Chesapeake And More

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Guy Adami And Chad Morganlander Share Their Thoughts On AMD, PayPal, Chesapeake And More

Chad Morganlander said on CNBC's "Power Lunch" that he would sell Advanced Micro Devices, Inc. (NASDAQ: AMD) because it's a high momentum stock and it's now trading close to its top.

Guy Adami believes that Advanced Micro Devices is a buy, because its graphic cards are used for bitcoin mining.

Morganlander thinks Paypal Holdings Inc (NASDAQ: PYPL) is a buy. He sees a higher revenue over the next five years. Adami also sees more upside for the stock and he wants to buy it.

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Adami thinks that the risk-reward is attractive in Chesapeake Energy Corporation (NYSE: CHK). He advised viewers to buy it, if they think that crude oil is going to $55. Morganlander would avoid the stock because he is concerned about crude oil and natural gas price.

Constellation Brands, Inc. (NYSE: STZ) should be sold, thinks Adami. Morganlander has a Hold rating on the stock. He thinks there are better stocks in the space to buy.

Morganlander thinks that Tesoro Corporation (NYSE: TSO) is going to have a slow revenue growth in the coming years and he would sell the stock. He added that margins are going to be under pressure. Adami is a buyer because Morgan Stanley has a price target of $110 for the stock and Barclays values it at $118.

Both Adami and Morganlander see Under Armour Inc (NYSE: UAA) as hold.

Posted-In: Chad Morganlander CNBC Guy AdamiMedia Trading Ideas Best of Benzinga

 

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