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
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