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Trading the Digital Revolution

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Newspapers, DVDs and CDs are disappearing; replaced by a series of clicks. The way you get New York Times headlines, The Office reruns or the latest Maroon Five download is changing faster than you can say "Steve Jobs!"

From Google and Apple to Cisco and Viacom, billions of dollars are being spent to be the supplier, aggregator and backbone of your digital needs.

Internet advertising alone will rise by double digits through 2011, when it will total nearly $79 billion, according to PriceWaterHouseCoopers.

Fueled by your increasingly digital lives, Facebook says its membership is doubling every six months. As everything goes the way of the click, how can you make some high speed returns?

Jeff Macke says this is the future and recommends buying dips on any company involved in long term trends such as these. Jeff likes Blue Nile (NILE) because it’s revolutionized an old industry.

Eric Bolling agrees and adds this sea change presents the greatest opportunities for investors. He recommends Google (GOOG), Apple (AAPL) and Amazon (AMZN).

Pete Najarian likes NVIDIA (NVDA) and Nokia (NOK).

Guy Adami recommends EMC Corp. (EMC).

Symbol
Price
 
Change
%Change
VOW3
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EMC
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GOOGL
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NILE
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NOKIA
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NVDA
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Trader disclosure: On June 26 2007, the day this episode was taped, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders Macke Owns (SWY); Najarian Owns (.VIX) Bolling Owns (BP), (T); Bolling Is Short S&P Futures; Bolling Is Short Nasdaq Futures CNBC Is A Service Of NBC Universal And Dow Jones