Netflix, Inc. (NASDAQ:NFLX), QUALCOMM, Inc. (NASDAQ:QCOM) and Yahoo! Inc. (NASDAQ:YHOO) are the tech stocks you should buy, according to the experts.
In a program on CNBC, experts mentioned some of the hot tech stocks to buy. The first tech stock is Netflix, Inc. (NASDAQ:NFLX). The source said that Netflix is experiencing a major international growth, which is a great sign. Netflix has done everything it should and now it is one of the best options for investors. The expert said that Netflix, Inc. (NASDAQ:NFLX) must be traded on the long side.
Dan Nathan picked QUALCOMM, Inc. (NASDAQ:QCOM) and said that this stock is getting elevated in the market. There are a lot of buybacks by the company, but still, it could make a strong comeback. Qualcomm is giving a tough time to its competitors like Intel. QUALCOMM, Inc. (NASDAQ:QCOM) is currently powering major smartphones in the US. Nathan thinks that QUALCOMM, Inc. (NASDAQ:QCOM) stock is currently broke. The stock came down on Monday. Recently, the activist investment firm Jana Partners has urged the chipmaker to speed up its process of $10 billion worth stock buy backs.
Surprisingly, Yahoo! Inc. (NASDAQ:YHOO) is the third tech stock you should buy. Dan Nathan said that Yahoo has more potential for investors as compared to Alibaba if we talk about short term. Starboard Value issues a statement on Friday and said that Yahoo! Inc. (NASDAQ:YHOO) must focus on its core business. Yahoo! Inc. (NASDAQ:YHOO) stock tumbled after this and closed at around $45.
Netflix, Inc. (NASDAQ:NFLX), QUALCOMM, Inc. (NASDAQ:QCOM) and Yahoo! Inc. (NASDAQ:YHOO) continue to the best picks for the short term investments.
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