Michael Binger of Gradient Investments said on CNBC's "Trading Nation" he likes Alibaba Group Holding Ltd - ADR BABA and Cisco Systems, Inc. CSCO in the tech sector.
Binger sees the weakness in Alibaba as an opportunity because it has a price-to-earnings ratio of 20, with a 20% growth, which he finds pretty rare. Cisco had a good quarter, which is a big change in narrative, said Binger. He's encouraged because the management said enterprise customers are spending again.
Matt Maley of Miller Tabak is a buyer of Micron Technology, Inc. MU. It broke out to its all-time high and it's still acting very well, said Maley. He thinks it should continue to do so going forward.
He also likes Seagate Technology PLC STX. It underperformed for some time, while the mega-cap names were outperforming. It has recently made a higher low, followed by a higher high and that should lead to a new rally, believes Maley.
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