Fast Money's Top Tech Trades
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Date updated:02-03-2010

Considering weak outlooks from Motorola (MOT) and Qualcomm (QCOM) dragged down technology stocks and the Nasdaq during regular trade last Thursday, how should you be positioned, now?

symbol name last price % change open
  • +
  • AMZN
    Amazon.com
  • $131.82
  • -1.32%
  • $134.04

I think the tech trade is still very difficult, says Tim Seymour. I certainly wouldn’t chase Amazon (AMZN).

People owning AMZN also tend to own: AAPLAIGAPOLBACBIDUCEOCHK

TheStreet.com Rating: B What is this?

  • +
  • IBM
    International Bus
  • $127.94
  • +0.27%
  • $127.90

The name in tech that I’m watching is IBM (IBM), counsels Guy Adami. If you think the tape is going higher $124 is a nice entry point.

People owning IBM also tend to own: AAPLAMDCSCODELLGOOGINTCMSFT

TheStreet.com Rating: B What is this?

  • +
  • MSFT
    Microsoft Corpora
  • $29.27
  • +0.31%
  • $29.32

If I owned Microsoft (MSFT) stock I’d be a buyer of the 30-puts, says Pete Najarian. Terranova said if Microsoft can get above $30 on Friday, it will force growth portfolio managers to come in and pick up what he called an "under-owned" stock.

People owning MSFT also tend to own: AAPLAMDCSCODELLGOOGIBMINTC

TheStreet.com Rating: B What is this?

  • +
  • VMW
    Vmware
  • $53.68
  • 0.00%
  • $N/A

I’m bullish VMWare (VMW) on Microsoft earnings, says Brian Kelly. It suggests to me there is a server upgrade going on – but it’s not on the hardware side.

People owning VMW also tend to own: BAMBBDBWFEADGOOGIFNISRG

TheStreet.com Rating: D- What is this?

  • +
  • CRM
    Salesforce.com In
  • $75.71
  • +0.38%
  • $75.74

Looking at the next move off Microsoft and Amazon, Brian Kelly, president of Kanundrum Capital, said he liked Salesforce.com (CRM) and VMware (VMW) because he sees companies taking the less expensive route of upgrading software instead of hardware.

People owning CRM also tend to own: AAPLGOOGRVBDARRSGIGMOPSWPGIC

TheStreet.com Rating: B What is this?

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