Stephen Weiss: Yahoo! Nothing to Shout About

After parsing through the latest results from Yahoo! trader Stephen Weiss says to there are much better places to put money to work. "There’s no growth – it’s flat earnings – revenues are flat. There's nothing going on here.”

By the numbers, Yahoo reported net income of $237 million, or 18 cents a share, compared with $213 million, or 15 cents a share, in the year-earlier quarter.

The company forecast third-quarter net revenue, which excludes the fees that Yahoo pays to partner websites, of between $1.05 billion and $1.1 billion.

In a statement, Yahoo Chief Executive Carol Bartz said the company saw "softness" in its display advertising revenue during the second half of the quarter due to changes in Yahoo's sales organization aimed at positioning Yahoo for "more rapid display growth in the future."

Trader Dan Nathan agrees that at Yahoo! is lackluster but he remains at least relatively interested in the stock because he thinks ‘something’ happens with the company.

"If they ever great something right, I think we could see shareholder leverage here.... the current management isn't working. They've got to figure something out."

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Trader disclosure: On July 19th 2011, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s "Fast Money" were owned by the "Fast Money" traders; Nathan owns (AMZN) puts; Nathan owns (CSCO) calls; Nathan owns (IBM) puts; Nathan owns (INTC) put flys; Finerman's Firm And Finerman Own (AAPL); Finerman's Firm owns (BAC) leaps and Finerman Owns (BAC); Finerman's Firm owns (JPM) leaps and Finerman Owns (JPM); Finerman’s Firm and Finerman own (MSFT); Finerman's Firm Is Short (IWM); Finerman's Firm Is Short (MDY); Finerman's Firm Is Short (SPY); Finerman's Firm Is Long S&P 500 Puts; Finerman's Firm Is Long Russell 2000 Puts; Terranova owns (XOM); Terranova owns (HAS); Terranova owns (DIS); Terranova owns (WFM); Terranova owns (LULU); Terranova owns (MSFT); Terranova owns (TM); Terranova owns (JWN); Terranova owns (MCD); Terranova owns (PEP); Terranova owns (MA); Terranova owns (BX); Terranova owns (GS); Terranova owns (DAR); Terranova owns (CAT); Terranova owns (VRTS); Terranova owns (AAPL); Terranova owns (F); Terranova owns (CVI); Terranova owns (IBM); Terranova owns (FCX); Weiss owns (AAPL); Weiss owns (KO); Weiss owns (JPM); Weiss owns (QCOM); Weiss owns (MSFT); Weiss owns (EMC); Weiss owns (UUP); Weiss owns (TBT); Weiss owns (UGL); Weiss owns (AGU); Weiss owns (HBAN); Weiss owns (KEY); Weiss owns (CMA); Kinahan owns (C)

For Joe Terranova
Terranova is Chief Market Strategist of Virtus Investment Partners, LTD
Terranova is Chief Market Strategist of Virtus Investment Partners, LTD
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CNBC.com with wires.