No. 2 - Google Rules Earth
Google (GOOG) climbed to an all-time high Tuesday of $518, bucking the overall market trend as investors continued to pile into the country's most popular stock. The catalyst for the move today was a deal with Salesforce.com to help small businesses advertise. How do you trade?
Eric Bolling explains GOOG had an exact double top at 513 in November and January. As a technician, Eric says “Buy it now. If it splits, this stock is off to the races.”
Guy Adami is also bullish on GOOG, both for its chart and on a valuation basis.
Pete Najarian says don’t forget about Baidu (BIDU), the Chinese Google. It’s also growing at an astronomical pace., he adds.
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Trader disclosure: On June 5, 2007, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders:Macke Owns (EMC), (ATVI), (SWY), Bolling Owns (NMX), Sugar Natural Gas Futures; Bolling Is Short S&P Futures; Bolling Is Short Nasdaq Futures Najarian Owns (RACK), (OCPS), (ALVR); NBC Universal Is The Parent Company Of CNBC