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Fast Money 360: Google

Considering shares of Google are down about 16% over the past three months, how should you game the stock ahead of earnings Thursday?

Seems like a good time for Fast Money 360.

Find out what fundamentals, technicals and insights from the options world all suggest lie ahead for this stock!

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FUNDAMENTALS

Citi analyst Mark Mahaney appears to be skeptical ahead of earnings and bullish there after.

He tells Fast Money he’s cautious into the June numbers because, “we could see 5 –10 cents earnings downside due to currency headwinds.”

However big picture he thinks Google is fairly attractive and says "he’s a buyer as a second half play."

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CHARTS

Oppenheimer’s Carter Worth is bullish, but for a reason that’s a little counter-intuitive.

”Charts are so bad they’re good, he tells us. “Having sold off by 200 points or 32% from $630 down to $430 we think it bounces.

Plain and simple, "I’m a buyer of Google going into earnings," he concludes.

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OPTIONS ACTION

Jon Najarian of OptionMonster.com says options action skews positive.

”Calls have out traded puts in this name by a 2 to 1 margin,” he says.

That fact combined with other analysis leads Najarian to make a bullish prediction. “I’m looking for Google to trade up to $510.”

However in an effort to limit his downside risk, Najarian is placing his bets with call spreads.

What else should you know?

Google is a quality name; fundamentals are strong, says Joe Terranova. After earnings I think the stock trades to the upside.

Also, The stock is $100 lower than where it was ahead of earnings last quarter, adds Karen Finerman. The bar is much lower.



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Trader disclosure: On July 14, 2010, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Terranova Owns (GOOG), (AMZN), (MON), (APC), (SUN), (FCX), (GMCR), (MYL), (MRVL), (BAC), (ADI), (ADBE), (AKAM), (HES), (ABT), (CVS), (AXP), (EMC); Adami owns (AGU), (BTU), (NUE), (C), (GS), (INTC), (MSFT); Adami’s wife works at Merck; Finerman owns (AAPL); Finerman’s Firm owns (AEO); Finermans’ Firm owns (ANF); Finerman’s Firm owns (BAC) stock and calls; Finerman and Finerman’s Firm own (BAC) preferred; Finerman and Finerman’s Firm owns (BBY); Finerman’s firm owns (BP) calls; Finerman owns (C); Finerman and Finerman’s Firm own (CVS); Finerman owns (GLW); Finerman’s Firm owns (GOOG); Finerman & Finerman’s Firm owns (HPQ); Finerman & Finerman’s Firm owns (IBM); Finerman owns (JPM) stock & calls; Finerman owns (SKS); Finerman’s firm owns (PM); Finerman’s Firm owns (RIG); Finerman’s Firm owns (TGT); Finerman’s Firm owns (WMT); Finerman’s Firm is short (IJR); Finerman’s Firm is short (IWM); Finerman’s Firm is short (MOY); Finerman’s Firm is short (SPY); Pete Najarian owns (AAPL) call spreads; Pete Najarian owns (AKAM) call spreads; Pete Najarian owns (ALTR) call spreads; Pete Najarian owns (C) calls; Pete Najarian owns (LOW) calls; Pete Najarian owns (NOVL) and calls; Pete Najarian owns (ARMH) and short (ARMH) calls; Pete Najarian owns (XLNX) calls and short (XLNX) calls; Kelly Owns (BP) Puts; Kelly Is Short (GS)

For Brian Kelly
Accounts managed by Kanundrum Capital own (AUY)
Accounts managed by Kanundrum Capital own (GFI)
Accounts managed by Kanundrum Capital own (GLD)
Accounts managed by Kanundrum Capital own (C)
Accounts managed by Kanundrum Capital own (ELX)
Accounts managed by Kanundrum Capital own (QLGC)
Accounts managed by Kanundrum Capital own (GME)
Accounts managed by Kanundrum Capital own (NWL)
Accounts managed by Kanundrum Capital own (BIG)
Accounts managed by Kanundrum Capital own Gold
Accounts managed by Kanundrum Capital own Treasuries
Accounts managed by Kanundrum Capital own US Dollars
Accounts managed by Kanundrum Capital are short (AMZN)
Accounts managed by Kanundrum Capital are short (RCL)
Accounts managed by Kanundrum Capital are short (XLY)
Accounts managed by Kanundrum Capital are short (XLE)
Accounts managed by Kanundrum Capital are short (AFL)
Accounts managed by Kanundrum Capital are short (CME)
Accounts managed by Kanundrum Capital are short (EWI)
Accounts managed by Kanundrum Capital are short (EWO)
Accounts managed by Kanundrum Capital are short (GS)
Accounts managed by Kanundrum Capital are short (HIG)
Accounts managed by Kanundrum Capital are short (RKH)
Accounts managed by Kanundrum Capital are short (XLF)
Accounts managed by Kanundrum Capital are short (XLI)
Accounts managed by Kanundrum Capital are short (FCX
Accounts managed by Kanundrum Capital are short (GFI)
Accounts managed by Kanundrum Capital are short (JOYG)
Accounts managed by Kanundrum Capital are short (XLB)
Accounts managed by Kanundrum Capital are short (XLK)
Accounts managed by Kanundrum Capital are short (V)
Accounts managed by Kanundrum Capital are short (PCAR)
Accounts managed by Kanundrum Capital are short (COF)
Accounts managed by Kanundrum Capital are short (KMX)
Accounts managed by Kanundrum Capital are short (JOE)
Accounts managed by Kanundrum Capital are short (USO)
Accounts managed by Kanundrum Capital are short (FXI)
Accounts managed by Kanundrum Capital are short (KMX)
Accounts managed by Kanundrum Capital are short (RSX)

For Joe Terranova
Terranova works for (VRTS)
Terranova is chief market strategist of Virtus Investment Partners, LTD.
Virtus Investment Partners owns more than 1% of (CASS)
Virtus Investment Partners owns more than 1% of (LDR)
Virtus Investment Partners owns more than 1% of (LPHI)
Virtus Investment Partners owns more than 1% of (MGRC)
Virtus Investment Partners owns more than 1% of (XLB)
Virtus Investment Partners owns more than 1% of (XLP)
Virtus Investment Partners owns more than 1% of (XLY)
Virtus Investment Partners owns more than 1% of (XLI)
Virtus Investment Partners owns more than 1% of (XLK)
Virtus Investment Partners owns more than 1% of (XLU)
Virtus Investment Partners owns more than 1% of (SUBK)
Virtus Investment Partners owns more than 1% of (WDFC)
Virtus Investment Partners owns more than 1% of (YDNT)
Virtus Investment Partners owns more than 1% of (DRYS)

For Richard Kang
Funds Managed By Emerging Global Advisors Own (CHA), (ACH)

For Mark Mahaney
Citi Employees Own (GOOG)
Citigroup Global Markets Or Affiliate Received Non-Investment Banking Compensation From (GOOG) In Past 12 Months
(GOOG) Is Or In Past 12 Months Was A Client Of Citigroup Global Markets (Non-Investment Banking, Non-Securities-Related Services)
(GOOG) Is Or In Past 12 Months Was A Client Of Citigroup Global Markets (Non-Investment Banking, Securities-Related Services)
Citigroup Global Markets Is A Market Maker In (GOOG)

For Mark Schoenebaum
ISI Does And Seeks To Do Business With (AMLN), (HGSI), (GENZ), (DNDN), (GILD) And Has Received Non-Investment Banking Compensation In The Past 12 Months

For Mike Khouw
***NO DISCLOSURES

For Mike Darda
***NO DISCLOSURES***


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