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No. 3 - Sneak Preview: Big Media Earnings

Coming soon to portfolio near you – big media earnings! The two biggest media companies in the world - Time Warner (TWX) and Disney (DIS) come out with results Wednesday, and Viacom (VIA) reports on Thursday. But why wait? We've got a sneak preview, right now!

CNBC Media Reporter Julia Boorstin joins the guys for this conversation. Here are excerpts of what was said.

Time Warner

Julia says The Street will be watching AOL ad revenues closely.

Pete Najarian likes TWX hoping it will spilt up.

Disney

Julia says Disney has room for surprise. She suggests the strong euro and weak dollar is bringing visitors from overseas to their theme parks.

Jeff Macke recommends buying DIS on a dip.

Viacom

Julia says The Street will be watching numbers from Viacom’s cable networks. However, she adds Paramount looks as if it’s turning around.

Guy Adami likes this stock. Jeff Macke says get out.

Eric Bolling says all the charts in this space look horrible to him.

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Trader disclosure: On July 31st 2007, 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 (ATVI), Najarian Owns (GS); Bolling Owns (DIS), (T); Bolling Is Short S&P Futures; Bolling Is Short Nasdaq Futures: CNBC Is A Service Of NBC Universal And Dow Jones