Google Earnings Thursday

Wednesday, 17 Oct 2007 | 7:23 PM ET

The world's most popular stock is up more than 30% this year and reports earnings Thursday. What’s the Google (GOOG) breakdown?

Pete Najarian tells the panel that recent options trading suggests to him that Google is going higher. He reveals that he owns this stock in part, because Google controls about 56% of the internet search market. Najarian adds if Google comes out with a G-phone he expects the stock to skyrocket.

Tomorrow's Trades #1
Eyeing Google stock ahead of earnings tomorrow, with the Fast Money team.

Guy Adami expects to see a $1,000 price target soon.

Jeff Macke is skeptical. He thinks Google is a sell if/when the company goes into hardware.

Karen Finerman can’t get behind the stock because the valuation is extremely high.

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Trader disclosure: On Oct 17, 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 (DIS), (INTC), (SWY); Najarian Owns (C), (GOOG); Najarian Owns (CY) Options, (ETFC) Options, (EBAY) Options, (FXI) Options; Finerman Owns (C), (GS); Finerman's Firm Owns (BIIB), (WMT), (TGT), (MO), (CTX), (COP), (LTD), (MSFT); Finerman's Firm And Finerman Own (HD), (ASD); Finerman's Firm Owns S&P 500 Index Puts; Finerman's Firm Owns Russell 2000 Puts; Tim Seymour Disclosure: Seygem Asset Management Owns (INFY)

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  • Melissa Lee is the host of CNBC's “Fast Money” and “Options Action.”

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  • Finerman is president of Metropolitan Capital Advisors, Inc., a company she co-founded.

  • Founder of EmergingMoney.com

  • Chief Market Strategist for Virtus Investment Partners & CNBC Contributor

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