This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

'Fast Money' Recap: Is Google Now a Buy?

NEW YORK (TheStreet) -- The S&P 500 made its third consecutive close higher, finishing Thursday up 1.04%. 

On CNBC's "Fast Money" TV show, the panel discussed Google's (GOOG) earnings report after the company missed on top- and bottom-line estimates. 

Guy Adami, managing director of stockmonster.com, said Google does not have an expensive valuation and investors can begin buying the stock. However, the valuation could be headed lower if the company has slowing growth. 

Tim Seymour, managing partner of Triogem Asset Management, said Google's earnings results weren't that bad. He was a buyer at current levels because of its mobile monetization, non-U.S. margins and forward valuation. 

Brian Kelly, founder of Brian Kelly Capital, agreed with Seymour. However, he suggested staying away from the stock at current levels because it's likely to trade "choppy" over the short term. 

Anthony Scaramucci, founder and co-managing partner of SkyBridge Capital, called Google a "very good" long-term hold. He suggested that long-term investors use the earnings selloff to add to their positions. 

Collin Gillis, an analyst at BGC Financial, has a hold rating on Google with a $590 price target. He said revenue will grow robustly if Google can re-accelerate cost per clicks (CPCs). He added that back in the "heyday," Google was growing both CPCs and paid clicks; paid clicks rose year over year in the recent quarter while CPCs dropped. 

Gillis said the stock still has upside from current levels, adding the first quarter is rarely good for Google. 

International Business Machine (IBM) missed on top- and bottom-line earnings estimates. Seymour said the stock is not expensive but that doesn't mean investors should buy it. He was avoiding the stock at current levels. 

Kelly was a seller of IBM because of its declining cash flow, which fuels the company's share buyback program. Adami agreed, saying the stock could be headed toward $175. 

Scaramucci admitted the stock will likely head lower in the short term but is optimistic on its long-term prospects. 

1 of 3

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,113.54 +61.81 0.36%
S&P 500 1,983.53 +9.90 0.50%
NASDAQ 4,456.0160 +31.3120 0.71%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto
Advertising Partners

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs