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Take Your Position: Google

Considering tech has been among the worst performing sectors of 2010; will Google results turn the tide?

While Google's threat to pull out of China has been dominating the headlines, investors are more eager to find out how well the company fared during December -- what is usually its most prosperous time of the year.

Google makes most of its money from online advertising, which, by most measures, accelerated in the holiday season as marketers exhausted what was left of their 2009 budgets to persuade still-skittish consumers to spend.

Given that Google's revenue edged up even during the depths of the recession, the assumption is the growth rate for the company will quickly accelerate as long as the economy continues to gather momentum.

By The Numbers

Analysts surveyed by Thomson Reuters expect Google to earn $6.43 per share on revenue of $4.9 billion. The estimates exclude Google's expenses for employee-stock compensation, unusual charges and the revenue that the company pays its advertising partners.

The Trade

I'm bullish Google long-term, reminds Karen Finerman. If the stock trades off on earnings I'd add to my position.

I think technology is over-owned, reminds Gary Kaminksy. I'm short the QQQQ's because I think the next move in tech is lower.

What do you think? We want to know!





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Trader disclosure: On January 21st, 2010, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Adami Owns (AGU), (C), (GS), (INTC), (MSFT), (NUE), (BTU); Finerman's Firm Is Short (IJR), (MDY), (SPY), (IWM), (USO), (UNG); Finerman Owns (AAPL); Finerman's Firm Owns (ACL), (CLX), (MSFT), (TGT), (WMT); Finerman's Firm And Finerman Own (WFC) Preferred; Finerman's Firm Owns (BAC), (BAC) Leaps; Finerman Owns (BAC), (BAC) Preferred; Finerman's Firm And Finerman Own (CVS); Finerman's Firm And Finerman Own (GOOG); Najarian Owns (CLF) Call Spread; Najarian Owns (HUM) Call Spread; Najarian Owns (INTC) Calls; Najarian Owns (MS); Najarian Owns (PFE); Najarian Owns (CIEN) Calls; Najarian Owns (STX) Call Spread; Najarian Owns (MRVL), Is Short (MRVL) Calls; Najarian Owned (INTC) Calls Today; Terranova Is Short (CMA), (ICE), (ESS), (JCI), (CAL), (AGU); Terranova Owns (BAC), (JPM), (XOM), (FTO), (FCX), (EMC), (AAPL), (DELL), (MSFT), (QCOM); Terranova Owns (XHB) March Puts; Terranova Owns (POT) February Puts

For Joe Terranova
Terranova Works For (VRTS)
Terranova Is Chief Market Strategist Of Virtus Investment Partners, Ltd.
Virtus Investment Partners Owns More Than 1% Of (CLB)
Virtus Investment Partners Owns More Than 1% Of (DLR)
Virtus Investment Partners Owns More Than 1% Of (EXR)
Virtus Investment Partners Owns More Than 1% Of (IGE)
Virtus Investment Partners Owns More Than 1% Of (XLY)
Virtus Investment Partners Owns More Than 1% Of (DBV)
Virtus Investment Partners Owns More Than 1% Of (UA)
Virtus Investment Partners Owns More Than 1% Of (XLB)
Virtus Investment Partners Owns More Than 1% Of (XLI)
Virtus Investment Partners Owns More Than 1% Of (SKT)

For Gary Kaminsky
Kaminsy Is Short (QQQQ)

For Dennis Gartman
Funds Managed By Dennis Gartman Are Short Euro
Funds Managed By Dennis Gartman Are Short Euro, Long Gold, Long Canadian
Dollar

For Youssef Squali
Jefferies Is A Market Maker In (GOOG)




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