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Google ‘Better Than it Was 15 Minutes Ago’: Baker

Thursday, 18 Oct 2012 | 3:16 PM ET
'Go Long Google Into Earnings': Simon Baker
Google's mobile and search businesses are positive all around, even as stock stalls, says Simon Baker of Baker Avenue Asset Management.

Google's mobile and search businesses have enough potential that buying on a dip after its devastating earnings miss remains a good idea, Simon Baker of Baker Avenue Asset Management said Thursday on CNBC.

On "Fast Money, " Baker kept a positive outlook on the stock.

(Read More: How Are You Playing Tech Earnings? )

"We reiterate our buy here, " he said. "Any time a company preannounces and doesn't hasn't had a chance to explain some of these big costs, like the Motorola acquisition, etc.

(Read More: Google's Miss 'A Surprise' to WPP CEO Sorrell )

"I'd buy it here. It's better than it was 15 minutes ago."

Earlier in the show, Baker made a bullish call ahead of Google's quarterly earnings report, which were released early. "Google's right in the middle of search. It's just positive all the way around, " he said. "Go long Google into earnings tonight."

Stephanie Link, CIO of TheStreet, agreed after Google's stock price plummeted.

"I think this is company that has very good growth — double-digit growth, " she said. "Let's learn about their cost-per-click, but I think that's in the process of bottoming."

Trader disclosure: On Oct. 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: Stephanie Link is long AAPL; Stephanie Link is long JPM; Stephanie Link is long SBUX; Stephanie Link is long VALE; Stephanie Link is long DG; Stephanie Link is long LRCX; Stephanie Link is long EBAY; Jon Najarian is long call spreads in JPM; Jon Najarian is long call spreads in SBUX; Jon Najarian is long call spreads in FB; Jon Najarian is long call spreads in MSFT; Jon Najarian is long call spreads in AMZN; Jon Najarian is long call spreads in VZ; Jon Najarian is long call spreads in RGP; Jon Najarian is long call spreads in MHP; Jon Najarian is long call spreads in FRX; Jon Najarian is long call spreads in CIE; Jon Najarian is long call spreads in BTU; Jon Najarian is long call spreads in ACI; Jon Najarian is long call spreads in ANR; Jon Najarian is long STSI; Jon Najarian is long GLUU; Jon Najarian is long CME; Jon Najarian is long CBOE; Baker Avenue is long HYG; Baker Avenue is long IWM; Baker Avenue is long MDY; Baker Avenue is long F; Baker Avenue is long HAL; Baker Avenue is long KOL; Baker Avenue is long NFLX; Baker Avenue is long BK; Baker Avenue is long MS; Baker Avenue is long AAPL; Baker Avenue is long WFC; Stephen Weiss is long QCOM; Stephen Weiss is long SWFS; Stephen Weiss is short AAPL PUTS.

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