As Nasdaq 100 hits record, Apple and Intel could still be buys, says expert bill_baruch $INTC $AAPL (via TradingNation)
The Nasdaq 100 just hit a record, but that doesn't mean buying tech is off the table, one expert says.
"I think Intel had the most constructive pullback to those December lows, which was a double bottom," Baruch said Tuesday on CNBC's "Trading Nation," pointing to the semiconductor company's three-year chart. As for Apple, shares of which inched higher in early trading Wednesday after the iPhone maker ended a yearslong battle on Tuesday with Qualcomm over patents, Baruch said the real test will be if the stock can push above the key $200 level. Apple's opening price on Wednesday was $199.54.
Michael Binger, president of Gradient Investments, favored another big-cap tech name: Google parent Alphabet.
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