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Joe Terranova Is Sticking With Alphabet

Joe Terranova Is Sticking With Alphabet

On CNBC's "Fast Money Halftime Report," Joe Terranova said he is going to stay with his Alphabet Inc. (NASDAQ: GOOGL) (NASDAQ: GOOG) trade as he believes it's going to outperform the S&P 500 on the year. He thinks the same for Microsoft (NASDAQ: MSFT), while he expects Apple Inc. (NASDAQ: AAPL) and Amazon (NASDAQ: AMZN) to underperform.

Momentum stocks are clearly being liquidated in a very aggressive fashion, said Terranova. In the long run, he expects Facebook Inc. (NASDAQ: FB) and Alphabet to be okay, despite the recent downgrade from Citigroup.


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Posted-In: CNBC Fast Money Halftime Report Joe TerranovaTech Media