Netflix, Inc. (NASDAQ:NFLX), Oracle Corporation (NYSE:ORCL) and SanDisk Corporation (NASDAQ:SNDK) are the tech stocks you should watch.
Netflix, Inc. (NASDAQ:NFLX) is a hot tech stock these days. In a program on CNBC, an expert said that Netflix stock is ‘stupid expensive’, but that is equaled by the massive growth rate of the company. Netflix, Inc. (NASDAQ:NFLX) is currently trading at a pretty good price and the expert thinks that it will go even higher. Netflix, Inc. (NASDAQ:NFLX) is gearing up to grow beyond the US. The cable companies are tumbling and more and more people are opting for online streaming subscription services. Netflix has also a very few competitors in the US.
Another good tech stock is Oracle Corporation (NYSE:ORCL). The expert said that Oracle Corporation (NYSE:ORCL) is currently trading at prices which we haven’t seen in a very long time for this company. Oracle Corporation (NYSE:ORCL)’s drawback is that it doesn’t have the market hype and buzz like other tech companies have. Oracle Corporation (NYSE:ORCL) is going to reveal its earnings report in June. The stock is a good option to buy right now and can be played well because there is still a lot of time left in the earnings report.
Dan Nathan said that SanDisk Corporation (NASDAQ:SNDK) is an overvalued stock. It should trade at around ten times its earnings. He said that SanDisk Corporation (NASDAQ:SNDK) is dealing in a highly commoditized memory space which has a great scope in the market.
Carl Icahn‘s Icahn Capital Lp holds close to one million Netflix, Inc. (NADSAQ:NFLX) shares.
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