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No. 3 - Yahoo!'s Judgment Day

Tomorrow could be the most important day in Yahoo!'s (YHOO) history: The internet company’s 1Q earnings hit The Street and investors will be looking for confirmation of the success of Panama, the company’s new ad software. Is Yahoo! a stock worth shouting about?

Jim Goldman, CNBC's Silicon Valley's Bureau Chief joins the guys for this conversation.

Guy Adami believes this quarter is historic for Yahoo! – the biggest quarter in the history of a publicly traded company. He expects investors will pile onto this stock. Guy recommends investors own YHOO before earnings.

Tim Strazzini reveals that he owns Yahoo – and has never been bigger in the name.

Jeff Macke explains that investors are looking to see if Yahoo is reliable with their earnings.

Jim Goldman adds that there's every indication Panama is working well. And, Panama could generate $1 billion in revenue over the next 4 years.

This year, shares of Yahoo! are trouncing competitor Google (GOOG), up more than 20%. says Dylan Ratigan.

Eric Bolling scoffs and says Google is beating Yahoo! at their own game. He predicts Google will outperform Yahoo! over the next 9 months.

Jim Goldman adds that Google just purchased DoubleClick, a company that specializes in internet advertising for about $3 billion. He says if the Dept. of Justice allows the deal to go through – Google could be setting the stage for the next 20 years.

Questions? Comments? fastmoney@cnbc.com

Trader disclosure:
On APR 16, 2007, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders Strazzini Owns (POT), (TIN), (YHOO), (WY) Bolling Owns (NMX), Gold, Silver, (SZE), (VE) Najarian Owns (WM), (ETFC), (XLF), (EWBC)