He has recently initiated a long position in the name around 1% above the current price. He is not concerned about valuation because of the acquisition of Slack and its high growth.
Joe Terranova is still a believer in Seagen Inc (NASDAQ: SGEN). Right now there is some downward pressure because the company filed for a potential shares sale. Terranova is staying with the stock.
Lebenthal likes Northrop Grumman Corporation, but said it is taking a lot of time for the stock to fulfill its destiny.
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