Delta Air Lines, Inc (DAL), Micron Technology, Inc (MU) Are Still Good Options : Pete Najarian


Market is going uncertain these days and investors are pretty much nervous about their stock choices. Discussing his stock choices in a program on CNBC, FMHR trader, Pete Najarian, talked about Delta Air Lines, Inc (NYSE:DAL) and defended his choice for this stock. He said that though Delta Air Lines, Inc (NYSE:DAL) has been on the lower end of the market, the company will get back into the business and that’s why he is going to stick with it. He said that we should give Delta Air Lines, Inc (NYSE:DAL) stock some time because almost all of the airlines stocks are low, and this market trend is effecting Delta Air Lines, Inc (NYSE:DAL) as well.

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“At this point in time, i’m gonna give this some time and see if they actually can produce back for me, I am actually seeing some paper in Delta today, so because of that, I remain bullish, I know it’s been a harsh sell off in the airlines, but, I tell you what, they are coming back for more, so because of that, im gonna stick with this trade,” said Najarian.

Najarian also discussed Micron Technology, Inc (NASDAQ:MU) which went from $14 to $21 a share in 2013 and maintained this rate. And now Micron Technology, Inc (NASDAQ:MU) has hit 52 week high. Experts are grading Micron Technology, Inc (NASDAQ:MU) stocks in ‘Buy’ category because of the company’s robust revenue growth, solid stock price performance and great record of earnings per share growth. Najarian also predicted that sooner or later, Micron Technology, Inc (NASDAQ:MU) stock will touch $40.

Disclosure: None