The Street was keeping its eye on Google Thursday, with the internet giant set to release its second-quarter earnings after the bell. While the stock is down 11 percent year-to-date, it has rebouned in the past month. So what should investors expect?
Fast trader Guy Adami isn't terribly optimistic. He thinks the stock will make another push down towards $500.
“It hasn’t performed over the last year,” he said. “You’ve had a rally into earnings. It’s going to be fascinating to see what happens.”
However, his bias is lower.
And what about Google's recent introduction of its social network site, Google Plus?
Fast trader Patty Edwards thinks the ancillary businesses are “interesting” but aren’t gong to drive the stock. She thinks investors need to be looking at the ad revenue.
Ben Schachter, Macquarie Capital’s media analyst, is bullish. While there's been a lot of talk about the new social network site, he believes what's going to move the stock will be the earnings numbers.
Schachter thinks this is a stock that people want to own again.
