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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:

05/10/2021 15:12

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.