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‘Something big’ ahead for Google?

Tuesday, 23 Jul 2013 | 6:11 PM ET
'Something big' ahead for Google?
Tuesday, 23 Jul 2013 | 5:23 PM ET
Google appears excited about their product line, Ken Sena of Evercore Partners says.

Google might have something in the works that could boost its bottom line in the second half of 2013, Ken Sena of Evercore Partners said Tuesday.

"Google's very excited about their product pipeline, and I think that if you listen closely to the call comments, they will lead you to believe that something big is coming in hardware," he said. "Exactly the specifics of it, I don't know, though."

Google is scheduled to hold a product event Wednesday at 12 noon ET.

Shares closed at $903.80, down 0.76 percent.

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On CNBC's "Fast Money," Sena said that Google appears poised to gain traction in the coming months.

"At this point, I think there's a lot of excitement still around Google in terms of all the products that they are doing, and we're really looking more to second-half estimates, when Enhanced Campaigns will start to kick in," he said.

Sena held an "overweight" rating on Google, with a price target of $1,050 per share.

Facebook stock, he added, held promise over the longer-term.

(Read more: 'Oracle of Tampa' shares top stock pick)

"I'm really excited about a lot of the things that underlie Facebook," he said, adding that, "As we look at estimates, we're still a little bit nervous there."

Sena held an "equal weight" rating on shares of Facebook, with a $26 price target.

Facebook stock closed at $26.13, up 0.33 percent.

By CNBC's Bruno J. Navarro. Follow him on Twitter @Bruno_J_Navarro.

— CNBC's Michael Newberg contributed to this article.

Trader disclosure: On July 23, 2013, the following stocks and commodities mentioned or intended to be mentioned on CNBC's "Fast Money" were owned by the "Fast Money" traders: Tim Seymour is long BAC; Tim Seymour is long SBUX; Tim Seymour is long UTX; Tim Seymour is long BA; Anthony Scaramucci is long BAC; Anthony Scaramucci is long C; Anthony Scaramucci is long GS; Anthony Scaramucci is long CSCO; Anthony Scaramucci is long YHOO; Anthony Scaramucci is long GOOG; Anthony Scaramucci is long AMZN; Karen Finerman is long AAPL; Karen Finerman is long BAC; Karen Finerman is long C; Karen Finerman is long JPM; Karen Finerman is long GOOG; Karen Finerman is long M; Karen Finerman is long TGT; Karen Finerman is long MW; Karen Finerman is long MDY PUTS ; Guy Adami is long C; Guy Adami is long GS; Guy Adami is long INTC; Guy Adami is long MSFT; Guy Adami is long AGU; Guy Adami is long NUE; Guy Adami is long BTU; Guy Adami's wife, Linda Snow, works at Merck; Ken Sena is long YHOO ; Ken Sena is long GOOG ; Ken Sena is long FB.

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