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Joe Terranova Is Sticking With Alphabet

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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