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Can Tech Stay On Top?

Many tech stocks are at record highs and getting a lot of love from investors. Will their earnings reports next week justify their market-leading run?

CNBC Silicon Valley Bureau Chief Jim Goldman joins the panel for this conversation. Following are excerpts from what was said.

Here’s the tech earnings calendar breakdown.

Tue. 10/ 16 – IBM (IBM), Yahoo (YHOO), Intel (INTC)
Wed. 10/17 - eBay (EBAY)
Thr. 10/18 - Google (GOOG), Nokia (NOK), SanDisk (SNDK)

Goldman tells the panel he doesn’t anticipate to hear anything big from Yahoo! or eBay however he does expect upside surprises from IBM and Intel.

Jeff Macke disagrees with Goldman. He says Yahoo probably can’t get much worse which makes it a viable trade.

Pete Najarian is also bullish on Yahoo! In addition, he says options volume in SanDisk suggests to him the company could be a takeover target.

Guy Adami thinks Intel could “knock the cover off the ball.” He recommends buying INTC above $23.75.

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Trader disclosure: On Oct 12, 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), (INTC), (JWN), (EMC); Najarian Owns (BEAS), (C), (EMC), (GOOG), (UA); Finerman Owns (C), (GS); Finerman's Firm Owns (COP), (CTX), (GE), (KSS), (LTD), (MSFT), (NVT), (TGT), (WMT), (DAI), (KFT), Finerman's Firm And Finerman Own (HD); Finerman's Firm Owns S&P 500 Puts; Finerman's Firm Owns Russell 2000 Puts; Finerman's Firm Owns (BEAS); GE Is The Parent Company Of CNBC; NBC Universal Is The Parent Company Of CNBC