CNBC is conducting a competition named FastMoneyMadness, where they pit big companies against each and decide on the winner based on the votes from its viewers. Apple Inc. (NASDAQ:AAPL) and Facebook Inc (NASDAQ:FB) has managed to surpass all the hurdles and make it to the final stage where they face each other to be crowned the FastMoneyMadness Champions. Meanwhile, Fast Money Traders, Tim Seymour, Brian Kelly, Steve Grasso and Guy Adami picked their choice on CNBC and explained the reasons behind their pick.
Apple Inc. (NASDAQ:AAPL) has kicked out some big names like Cisco Systems, Inc. (NASDAQ:CSCO), Hewlett-Packard Company (NYSE:HPQ) and Intel Corporation (NASDAQ:INTC). On the other hand, Facebook Inc (NASDAQ:FB) has knocked out big tech names like Google Inc (NASDAQ:GOOGL), salesforce.com, inc. (NYSE:CRM) and Paychex, Inc. (NASDAQ:PAYX).
Seymour picked Apple Inc. as his choice. He pointed out that iPhone refresh cycle was enormous for Apple Inc. and he thinks that Apple Inc. is going to have a uplift from China sales.
“[..] It’s the company that can beat you short term. It’s the company that can beat you long term. It’s the company to me is going to wear you down. But it’s the system that they play in and this is ultimately why I want to own Apple to the long term. It’s the company that’s going to stay with you and the company you can count on every time,” Seymour said about Apple Inc.
On the other hand Kelly chose Facebook Inc (NASDAQ:FB) over Apple Inc. (NASDAQ:AAPL). He said that Facebook Inc (NASDAQ:FB) has multiple levers of growth like Whatsapp, Instagram and etc in the future. He feels that Facebook has multiple properties that are experiencing the network effect. He thinks that they are starting to get the fruits of the network effect at the moment. He said that Facebook stock has stuck at $82 even after the sell-off which shows the strength of the stock.
Grasso picked Apple Inc. over Facebook Inc (NASDAQ:FB). He feels that Apple pay will be a big growth story for Apple Inc. He added that Apple Inc. (NASDAQ:AAPL) has never ending upgrade cycle which keep giving them revenues. He said that Apple Inc’s capital allocation could also play a huge part in where the stock go. He feels that Apple watch is going to move the needle in positive direction for the company against expectations of many.
Adami said that he is with Kelly and he choose Facebook Inc (NASDAQ:FB). He pointed out that 70% of Facebook revenues are mobile, which is heading in the right direction. He said that more advertisers are looking up to the Facebook platform for advertising. He added that Facebook has other levers like Instagram, Whatsapp and Messenger, which could push for further growth.
It ended with 2 votes each for Apple Inc. (NASDAQ:AAPL) and Facebook Inc (NASDAQ:FB) from the Fast Money Traders. But it is up to the viewers to decide who might win the FastMoneyMadness Championship.
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