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'Fast Money' Traders Weigh In On Verizon And NetApp

On CNBC's "Fast Money Halftime Report," Bonawyn Eison spoke about Verizon Communications Inc. (NYSE: VZ).

· 09/03/2020 10:34

On CNBC's "Fast Money Halftime Report," Bonawyn Eison spoke about Verizon Communications Inc. (NYSE:VZ). He sees it as a sound investing strategy if you are looking for a bit more stable company.

Karen Finerman doesn't like to buy stocks for a dividend. She thinks Verizon is not crazy expensive and although it's not super exciting, it shouldn't have a lot of downside risk.

Dan Nathan would stay away from Verizon because it has already moved higher. He would buy AT&T Inc. (NYSE:T) because it has a nice dividend yield and it is planning to sell DirecTV, which should be a positive catalyst.

Eison said NetApp Inc. (NASDAQ:NTAP) has been in a downtrend for more than two years. He would wait for the stock to jump above its 200-day moving average and hold some type of level. The medium-term trend doesn't look attractive to Eison.

Nathan thinks NetApp is okay. He sees a good balance sheet and he thinks that the stock is cheap and that there is not a lot of downside for the name. Its only problem is a lack of growth.