With some of the biggest names in the technology industry slated to report earnings this week, including Netflix, Google and Intel, the sector could be key to the direction of the major indexes this week.
Out of all the major tech firms reporting this week, "Fast Money" trader Guy Adami said Netflix is the most interesting. He thinks Netflix will "take off" after it reports earnings on Wednesday.
"I think it has a $750 handle on it; I still don't think Netflix can be replicated. I get the valuation is extended," Adami said.
Google, which reports Thursday evening, saw its shares rise more than 2 percent on Tuesday after The Wall Street Journal reported that it may be taking a stricter approach to cutting costs.