Facebook Inc. (FB) Google Inc. (GOOG) and Amazon.com, Inc. (AMZN): Stocks to Buy on the Pullback


The second half of the year looks set to be another exciting period for anyone willing to make a fortune out of the stock markets. SunTrust Robinson Humphrey’s Bob Peck picked Amazon.com, Inc. (NASDAQ:AMZN), Facebook Inc. (NASDAQ:FB) and Google Inc. (NASDAQ:GOOG) as the top three pullback picks worth investing, in an interview with the Fast Money Crew on CNBC. Mr. Peck first pick was Amazon.com, Inc. (NASDAQ:AMZN), on rolling out a new phone that should have an impact on its stock in terms of earnings from sales.

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Amazon.com, Inc. (NASDAQ:AMZN) has a forecast of $20 billion in revenue for this quarter coming to the third quarter, an amount that should receive a major uplift if Amazon.com, Inc. (NASDAQ:AMZN) can sell about one million of its new phones at $600, according to Mr. Peck. The penetration numbers according to Peck should not be of concern considering the company’s numbers have not been adjusted this year.

“They are going to have some subs this quarter we think the numbers for Q3 have not been adjusted enough yet, as you will see some raising of the return numbers,” said Mr. Peck

Facebook Inc. (NASDAQ:FB) is another pick that Mr. Peck is keeping a close eye  on as possible buy in the market  on the fact that the company is enjoying triple digits in terms of pricing and click through. Fast Money Crew at CNBC believes that Facebook has used its stock as a currency, a factor that makes the company look overvalued; this is taking into consideration the WhatsApp deal at $19 billion.

Mr. Peck remains confident on big companies making huge investments like the one of Facebook Inc. (NASDAQ:FB) on WhatsApp, reiterating that it is only a matter of time when people will start realizing its ROI.

“What you do like to see is that the tech has riddled through with companies that never invest and made those big investments, as big game changing investments,” said Mr. Peck.

Google Inc. (NASDAQ:GOOG) is the third Pullback pick that Mr. Peck remains confident considering it commands a huge internet market share, as well as impressive investments in key expansion areas. SunTrust estimates a revenue of around $4.5 billion for Google’s YouTube.

Disclosure: none