Google Inc (NASDAQ:GOOGL), Whole Foods Market, Inc. (NASDAQ:WFM) and BlackBerry Ltd (NASDAQ:BBRY) are the three stocks that according to CNBC’s Fast Money Traders should be bought on the dip.
Google Inc (NASDAQ:GOOGL) essentially has many things that are still alluring – for instance, its YouTube service – that are often overlooked by the investors and market players.
“But also look at their acquisitions, Dropcam and Nest, all these little acquisitions. Then, Google Fiber and Google Wi-Fi that we have everywhere. Let’s go to their bread and butter: they still own just about 70% of search. So, when in doubt, stay with Google Inc (NASDAQ:GOOGL),” said Stuart Frankel’s Steve Grasso.
Shares of Google Inc (NASDAQ:GOOGL) traded down by more than 2.50% on Thursday and were showing the same trend in the after hours as well.
Fast Money Trader Brian Kelly of Brian Kelly Capital is long on Whole Foods Market, Inc. (NASDAQ:WFM). “I think here you’ve seen all the bad news wash out of this stock. They’ve got a billion dollars’ buyback. I think you’re fairly safe. $36 is your stop,” he said. Brian added that he picked up the stock after hours, following a better-than-expected earnings, reported by the company. Whole Foods Market, Inc. (NASDAQ:WFM) missed to report revenue and same-store sales in line with the estimates though.
Lastly, BlackBerry Ltd (NASDAQ:BBRY) was discussed by the traders. According to Trademonster’s Guy Adami, the stock should be bought on the current dip. The shares of BlackBerry Ltd (NASDAQ:BBRY) traded 3.91% down yesterday and had closed at $9.33, while the shares had seen some marginal improvement during the after hours. The company went into negative zone after Apple Inc (NASDAQ:AAPL) and International Business Machines Corp. (NYSE:IBM) announced their huge partnership plan, but, “for a trade, I think BlackBerry for the first time in a while sets up pretty well,” said Adami.