TheStreet’s Market Recon columnist Stephen Guilfoyle likes tech stocks Nvidia NVDA and Intel INTC for 2017’s second half.
Guilfoyle said during TheStreet’s July Trading Strategies roundtable that even if Intel — which has more or less traded flat for the past three years — doesn’t move much, it still offers a generous dividend yield and the possibility of future gains.
“Intel stays in the low-$30s and pays you 3.2%,” he said. “And they’re heavily involved in this driverless auto theme that everyone’s talking about.”
As for Nvidia, the columnist noted that NVDA is involved in “everything that’s relevant right now,” from artificial intelligence to block-chain technology. Guilfoyle, a former New York Stock Exchange trader, said that while Nvidia is a “dangerous stock” due to its current high value, he ultimately favors the name.
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