Gains Ahead for 3 Internet Giants: Simon Baker

Internet giants Google, Amazon and eBay are roaring along and look to outperform the broader market, Baker Avenue’s Simon Baker said Wednesday on CNBC.

“Regardless of what’s going on in the market, you’ve got to love all three,” he said on “Fast Money.”

Baker made the comments following a note from Baird raising its price targets, up $100 to $850 per share for Google, up $50 to $300 for Amazon and up $11 to $58 for eBay.

“There’s more users, more people using it, more advertising space. It’s just a positive thing. Plus, the network speeds are getting faster and faster and faster, so the whole experience is getting better and better,” he said. “As a group, regardless of what’s going on in the tech sector, which hasn’t been that strong of late, these are going to do very well.”

“These actually have real earnings and real growth,” he added.

Not so Facebook.

“Facebook has still got to go out and really prove to the people that they’ve actually got a sustainable business model and add to the revenues,” he said. “What’s their solution to mobile? Still a little bit of a question mark over that.”

Trader disclosure: On Sept. 26, 2012, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s “Fast Money” were owned by the “Fast Money” traders: Pete Najarian is long AAPL; Pete Najarian is long C; Pete Najarian is long GS calls; Pete Najarian is long JPM calls; Pete Najarian is long INTC; Pete Najarian is long SBUX; Pete Najarian is long FB; Pete Najarian is long MSFT; Pete Najarian is long POT calls; Pete Najarian is long NOK; Simon Murphy is long AAPL; Simon Murphy is long GS; Simon Murphy is long AMZN; Simon Murphy is long GOOG; Simon Murphy is long CRM; Steve Grasso is long AET; Steve Grasso is long AST; Steve Grasso is long AIP; Steve Grasso is long BA; Steve Grasso is long F; Steve Grasso is long LF; Steve Grasso is long LNG; Steve Grasso is long MHY; Steve Grasso is long P; Steve Grasso is long NVIV; Steve Grasso is long PFE; Steve Grasso is long S.

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