Dan Nathan and Brian Kelly explained why they think it is time to either buy or sell Facebook Inc (NASDAQ:FB) and Microsoft Corporation (NASDAQ:MSFT) stock to the team at CNBC’s Fast Money.
Discussing his recommendation in the Final Trade segment of the show, Dan Nathan recommends selling Facebook Inc (NASDAQ:FB).
According to Nathan, who does not have a position on the company, it’s time for the people who have seen the gains the stock has had from the $50s of last year to take these gains.
The CNBC contributor and co-founder and editor of RiskReversal.com added that he sees Facebook Inc (NASDAQ:FB) stock being back at $55.
Facebook Inc (NASDAQ:FB), in recent news, has been named by the Chinese state media as one of the American companies which should be punished for being a pawn of the U.S. government.
The People’s Daily said that through its microblogging account that the social media giant, along with Cisco Systems, Inc. (NASDAQ:CSCO), Microsoft Corporation (NASDAQ:MSFT) and Yahoo! Inc. (NASDAQ:YHOO), threaten the cyber-security of the country.
Meanwhile, Brian Kelly, Founder and Managing Member of Brian Kelly Capital LLC, talked about how Microsoft Corporation (NASDAQ:MSFT) has gained much-needed respect.
According to the BKCM Indexes creator, the tech giant is no longer akin to Rodney Dangerfield. He added that he thinks it is time to buy Microsoft Corporation (NASDAQ:MSFT) stock.
CEO Satya Nadella recently spoke at the first Code Conference and talked about how he envisions his company focusing on building new platforms and building software for productivity. He also stressed in the interview with Walt Mossberg and Kara Swisher that he thinks competition will not kill the software giant. However, he said that their ability to come up with an idea and to execute this idea is what will define their success.
Microsoft Corporation (NASDAQ:MSFT) has also recently made headlines after demonstrating a new real-time video translation service for Skype and after rumors that the company is developing a smartwatch.
The CNBC video is available below.
Notable investors in Facebook Inc (NASDAQ:FB) includes Andreas Halvorsen’s Viking Global which has 8.82 million shares in the company as of the end of March. Philippe Laffont with his Coatue Management fund also has 6.32 million shares in the social media giant for a total valuation of about $381 million by the end of the first quarter.
As for Microsoft Corporation (NASDAQ:MSFT), Jeffrey Ubben’s Valueact Capital has about 71.29 million shares in the company which makes up 22.06 percent of its whole portfolio. Edinburgh Partners managed by Sandy Nairn also has 4.45 million shares in the software giant, which is 15.57% of its portfolio.