BlackBerry Ltd (NASDAQ:BBRY) popped up in the market after the Canadian handset maker announced it had entered into a partnership with Google Inc (NASDAQ:GOOGL) to allow its BES12 software run Android for work. CNBC’s, Brian Kelly, believes BlackBerry has more juice to offer if it could find a way to sign more of such deals. Some of the other tech stocks that the Fast money crew recommends as a buy include Apple Inc. (NASDAQ:AAPL) and embattled search giant Yahoo! Inc. (NASDAQ:YHOO).
Kelly remains bullish on BlackBerry Ltd (NASDAQ:BBRY) reiterating that it continues to be a key player on the enterprise side of the business; a segment that should provide more growth opportunities going forward.
“Look at the deal they did today it’s on the enterprise side, Apple Inc. (NASDAQ:AAPL) wants to get into the enterprise they have the premiere product than that. I actually think even though, there have been takeout rumors that have been $12-$13. I think if they can start to get this part of the company growing and start to do more of these deals. I think above $12 is not a problem at all,” said Mr. Kelly.
BlackBerry Ltd (NASDAQ:BBRY) has remained relatively flat in the market after the stock surged after it was alleged that Samsung was considering it as a potential acquisition; rumors that were later denied. Timothy Seymour maintains the company remains a potential takeover target and remains an appealing buy if any deal comes calling.
Apple Inc. (NASDAQ:AAPL) has enjoyed an impressive run after reporting record quarterly earnings. Seymour maintains that the Cupertino-based company could maintain the impressive rally until the second quarter awaiting to see the impact of new products that might be in the offing.
“I do think as an investor you stay in this name until fiscal Q2, I think that is when you start to worry. We have capital, financial engineering, and we have one more quarter of this cycle before I get worried,” said Mr. Seymour.
Seymour also believes Yahoo! Inc. (NASDAQ:YHOO) remains a better buy compared to Alibaba Group Holding Ltd (NYSE:BABA) as people continue to be worried about the impact of regulators on the latter, back in China. The analyst reiterates that Yahoo! Inc. (NASDAQ:YHOO) has been punished wrongly along with Baba something that should improve going forward.
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