GO
Loading...

Search for Tech Gains: Simon Baker

Monday, 18 Jun 2012 | 6:33 PM ET

If you’re looking for a tech play, trader Simon Baker thinks technicals and fundamentals line up well for this stock.

Baker, CEO at Baker Avenue Asset Management, recommends a long position in Google.

Technically, he likes that it bounced off $570 support.

And fundamentally, he points to reports that Google is about to unveil a 7-inch tablet. Chatter suggests it’s coming out on June 27th according to Baker.

“Typically Google runs in front of a big announcement,” he explains. “This should be no different.”

Trade of the Day: Google Up on Mini Tablet
The Fast Money traders discuss why Google makes their "trade of the day."

Posted by CNBC's Lee Brodie




______________________________________________________
Got something to to say? Send us an e-mail at fastmoney-web@cnbc.com and your comment might be posted on the Rapid Recap. If you'd prefer to make a comment, but not have it published on our Web site, send those e-mails to fastmoney@cnbc.com.


Trader disclosure: On June 18, 2012, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s "Fast Money" were owned by the "Fast Money" traders; Joe Terranova is long VRTS; Joe Terranova is long MCD; Joe Terranova is long PNC; Joe Terranova is long USB; Joe Terranova is long TCBI; Joe Terranova is long SBUX; Joe Terranova is long UPL; Joe Terranova is long HYG; Joe Terranova is long CNX; Joe Terranova is long IBM; Joe Terranova is long AAPL; Joe Terranova is long WMB; Joe Terranova is long SJM; Joe Terranova is long SNDK; Joe Terranova is long LPX; Joe Terranova is long NXPI; Joe Terranova is long EMC; Joe Terranova is long WFM; Joe Terranova is long NAT GAS FUTURES; Guy Adami is long C; Guy Adami is long GS; Guy Adami is long INTC; Guy Adami is long AGU; Guy Adami is long MSFT; Guy Adami is long NUE; Guy Adami is long BTU; Dan Nathan is long JULY 6 PUTS; Dan Nathan is long JULY 32.28 PUT SPREAD; Dan Nathan is long OCT 10/5 1X2 PUT SPREAD; Dan Nathan is long JULY 14/12 PUT SPREAD; Dan Nathan is long JULY 190/180 PUT SPREAD; Dan Nathan is long JULY 67.5 PUTS; Dan Nathan is long JAN 20/25 CALL SPREAD; Dan Nathan is long JULY 33.38 CALL SPREAD; Dan Nathan is long SDS; Mike Murphy is long INTC; Mike Murphy is long TGT; Mike Murphy is long LNG; Mike Murphy is long SBUX; Mike Murphy is short WMT; Simon Baker is funds long AAPL; Simon Baker is funds long CVX; Simon Baker is funds long WFC; Simon Baker is funds long V; Simon Baker is funds long DIS

For Rick Sherlund
The analysts responsible for preparing this report have received compensation based upon various factors including the firm's total revenues, a portion of which is generated by Investment Banking activities. Unless otherwise noted, the non-US analysts listed at the front of this report are not registered/qualified as research analysts under FINRA/NYSE rules, may not be associated persons of NSI, and may not be subject to FINRA Rule 2711 and NYSE Rule 472 restrictions on communications with covered companies.

For Hans Humes
Greylock Capital is long Greek Bonds

For Amelia Bourdeau
Nothing to Disclose

For Jeffrey Harte
Sandler O'Neill expects to receive or intends to seek compensation from Bank of America Corporation for investment banking services in the next three months: BAC
Sandler O'Neill has received compensation from Bank of America Corporation for providing products or services other than investment banking services in the 12-month period ending as of the second most recent month preceding the date of this report BAC
Bank of America Corporation is a client of and receives non-investment banking securities-related services from Sandler O'Neill (based on information as of the end of the second most recent month immediately preceding the date of this report) BAC
Sandler O'Neill expects to receive or intends to seek compensation from Citigroup, Inc. for investment banking services in the next three months: C
Sandler O'Neill has received compensation from Citigroup, Inc. for providing products or services other than investment banking services in the 12-month period ending as of the second most recent month preceding the date of this report: C
Citigroup, Inc. is a client of and receives non-investment banking securities-related services from Sandler O'Neill (based on information as of the end of the month immediately preceding the date of this report): C
Sandler O'Neill has received compensation from Goldman Sachs Group, Inc. for providing products or services other than investment banking services in the 12-month period ending as of the second most recent month preceding the date of this report: GS
Goldman Sachs Group, Inc. is a client of and receives non-investment banking securities-related services from Sandler O'Neill (based on information as of the end of the month immediately preceding the date of this report): GS
Sandler O'Neill has received compensation from Morgan Stanley for providing products or services other than investment banking services in the 12-month period ending as of the second most recent month preceding the date of this report: MS
Morgan Stanley is a client of and receives non-investment banking securities-related services from Sandler O'Neill (based on information as of the end of the month immediately preceding the date of this report): MS

CNBC.com with wires.

  Price   Change %Change
GOOGL
---

Featured

Contact Fast Money

  • Showtimes

    Halftime Report - Weekdays 12p ET
    Fast Money - Weekdays 5p ET
  • Melissa Lee is the host of CNBC's “Fast Money” and “Options Action.”

  • Scott Wapner is host of the "Fast Money Halftime Report," which airs weekdays from 12 p.m. to 1 p.m. ET.

  • Guy Adami is a contributor on CNBC's "Fast Money." He also is managing director of stockMONSTER.com.

  • Najarian, the "Pit Boss," is cofounder of optionMONSTER.com, a news site for options traders.

  • 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

Halftime Report