Advertisement
Australia markets closed
  • ALL ORDS

    7,898.90
    +37.90 (+0.48%)
     
  • AUD/USD

    0.6444
    +0.0007 (+0.10%)
     
  • ASX 200

    7,642.10
    +36.50 (+0.48%)
     
  • OIL

    81.76
    -0.93 (-1.12%)
     
  • GOLD

    2,392.50
    +4.10 (+0.17%)
     
  • Bitcoin AUD

    95,542.04
    -1,990.41 (-2.04%)
     
  • CMC Crypto 200

    885.54
    0.00 (0.00%)
     

Traders make tech picks after Nasdaq hits fresh all-time closing high

Traders make tech picks after Nasdaq hits fresh all-time closing high

The " Fast Money " traders picked stocks that were still worth buying after the technology-heavy Nasdaq (NASDAQ: .IXIC) hit a fresh all-time closing high on Friday.

Trader Tim Seymour said he likes companies like Cisco (NASDAQ: CSCO) and Intel (NASDAQ: INTC) which are "continuing to show some steady growth" despite concerns about their strength overseas.

Trader David Seaburg said he thinks Nvidia (NASDAQ: NVDA) is attractive ahead of its earnings report next week.

Trader Dan Nathan said that he prefers Cisco to Nvidia because the stock is still "so far from its all-time highs." The stock closed at $31.04 on Friday, well below its all-time intraday high of $82.

ADVERTISEMENT

Nathan said it's a company that pays a dividend and its stock will "probably continue to work."

Disclosures:

TIM SEYMOUR

Tim Seymour is long APC, AVP, BAC, BBRY, CLF, DAL, DO, DVYE, EDC, EWZ, F, FB, FCX, FXI, GM, GOOGL, GRMN, GE, INTC, LQD, M, MCD, MPEL, NKE, RACE, RAI, RH, RL, SINA, T, TWTR, UA, VALE, VZ, XOM and short: SPY, XRT. His firm is long ABX, BABA, BIDU, CBD, CLF, EWZ, F, HD, KO, MCD, MPEL, NKE, PEP, PF, SAVE, SBUX, SINA, VALE, VIAB, WMT, WEN, YHOO, short HYG, IWM

DAVID SEABURG

Opinions expressed by David Seaburg are solely his own and do not reflect the views and opinions of Cowen Group, Inc. David Seaburg and Cowen have a financial interest in EDIT.

DAN NATHAN

Dan Nathan is long JD Aug call spread, long TWTR, IWM long Sept put, XLF long Aug put spread, XLK long Sept Put spread, FXI long Aug put spread, SMH long Aug put spread, long PYPL call calendar, long C Aug put spread, XOP Sept put spread, TGT long Aug calls, TSLA long Aug put, BAC long Sept put, long FEZ Nov put spread.

GUY ADAMI

Guy Adami is long CELG, EXAS, GDX, INTC. Adami's wife, Linda Snow, works at Merck.



More From CNBC

  • Top News and Analysis

  • Latest News Video

  • Personal Finance