Joe Terranova Is Sticking With Alphabet

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

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

Posted In: TechMediaCNBCFast Money Halftime ReportJoe Terranova
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