Fast Money's Tech Stock Picks
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Date updated:05-27-2009

Technology stocks played a big role in Tuesday's trading session. Terranova said Apple surged because the Morgan Stanley report noted that demand for the iPhone will be stronger than expected.

symbol name last price % change open
  • +
  • AAPL
    Apple Inc.
  • $200.59
  • -1.76%
  • $199.10

As long as the S&P 500 holds it’s upward momentum, I think it’s okay to be long Apple (AAPL) as well as RIMM (RIMM), Google (GOOG) and IBM (IBM), Joe Terranova said.

People owning AAPL also tend to own: AMDCSCODELLGOOGIBMINTCMSFT

TheStreet.com Rating: B+ What is this?

  • +
  • RIMM
    Research In Motio
  • $58.14
  • -2.71%
  • $58.00

As long as the S&P 500 holds it’s upward momentum, I think it’s okay to be long Apple (AAPL) as well as RIMM (RIMM), Google (GOOG) and IBM (IBM), Joe Terranova said.

People owning RIMM also tend to own: AAPLAPAAUYBPCCMECOP

TheStreet.com Rating: B- What is this?

  • +
  • GOOG
    Google Inc.
  • $579.76
  • -1.02%
  • $571.58

As long as the S&P 500 holds it’s upward momentum, I think it’s okay to be long Apple (AAPL) as well as RIMM (RIMM), Google (GOOG) and IBM (IBM), Joe Terranova said.

People owning GOOG also tend to own: AAPLAMDCSCODELLIBMINTCMSFT

TheStreet.com Rating: B What is this?

  • +
  • GOOG
    Google Inc.
  • $579.76
  • -1.02%
  • $571.58

As long as the S&P 500 holds it’s upward momentum, I think it’s okay to be long Apple (AAPL) as well as RIMM (RIMM), Google (GOOG) and IBM (IBM), Joe Terranova said.

People owning GOOG also tend to own: AAPLAMDCSCODELLIBMINTCMSFT

TheStreet.com Rating: B What is this?

  • +
  • IBM
    Intl Business Mac
  • $125.70
  • -1.24%
  • $124.59

As long as the S&P 500 holds it’s upward momentum, I think it’s okay to be long Apple (AAPL) as well as RIMM (RIMM), Google (GOOG) and IBM (IBM), Joe Terranova said.

People owning IBM also tend to own: AAPLAMDCSCODELLGOOGINTCMSFT

TheStreet.com Rating: B+ What is this?

  • +
  • INTC
    Intel Corporation
  • $19.11
  • -1.19%
  • $18.90

If you’re trading tech, Intel (INTC) keeps hitting support at $15, reminds Guy Adami.

People owning INTC also tend to own: AAPLAMDCSCODELLGOOGIBMMSFT

TheStreet.com Rating: B What is this?

  • +
  • RHT
    Red Hat Inc
  • $26.80
  • -2.97%
  • $27.12

Also I’d look at Red Hat (RHT). There’s speculation that IBM might be interested in this company as a takeover target. - Guy Adami

People owning RHT also tend to own: AMDDNAHPCHPQKMBLMTQCOM

TheStreet.com Rating: B What is this?

  • +
  • NOK
    Nokia Cp Ads
  • $13.21
  • -2.37%
  • $12.98

In the space I like Nokia (NOK), adds Karen Finerman.

People owning NOK also tend to own: CCATDEFNMFREGEKO

TheStreet.com Rating: C What is this?

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