dan niles with alpha one capital partners joins me now by telephone with his take on the story. right on this stock. good to have you back on the program. thanks for joining us. >> thanks for having me back on, maria. >> what's your reaction to today's numbers? what stands out for you most about facebook? >> i mean, this is the best quarter by far since they've gone public. and the big thing that really stands out amongst all of the metrics is their profitability. so if you look at facebook, the real issue is they haven't been able to grow earnings. if you look at the march quarter, they did 12 cents in earnings. and a year ago, they did 12 cents, despite they grew revenues in the march quarter of 38% year over year. this quarter, the revenue action set rated from 38% in march to 53% in the quarter they just reported. but more importantly, the operating margins went up to % 44%, and we are expecting something closer to 37%. and that's why you had this huge beat on the eps line where they did 19 cents instead of the 14 that people had. you know, obviously, we want to hear the call

dan niles. just to recap, dan negatively positioned on both microsoft and google both trading lower by more than 4% in the after hours session. weighing on the nasdaq. still sticking by amd, loves it and will buy more tomorrow. tomorrow i'm at home. i missed the run on microsoft and google, do i go in tomorrow? >> 850 is your bogey. that's the number you're trading around. microsoft, to dan's point, i think colin said 31, i think 31 and a half it gets interesting again, always in the context of a trade. i don't have the foresight two years out but to look where things to be shorted. i think it comes at 850 in goingle, 31 and a half microsoft. >> both the dow and s&p hitting record highs in today's trade but bk is clinging with both hands to his bear suit to keep it tight and zipped up. listen to what he's had to say in the past few weeks. >> i'm neutral to the u.s. stock market. i don't think this is over. i don't want to buy anything. you're starting to see the money coming from the perfectry. i

our friend dan niles, this is one of his top picks.kes the move into gaming con suls. >> pop for pitny bows, pete. >> short interest in this name. no real news to speak of. i think this stock could potentially continue to rally in earnings. i believe their report on the 30th of july. i don't love the buzz l business they're in but the stock is sort of interesting. >> pop on new mont. >> it has room to go here and it's down 35% on the year but it's only 15% up from its low. >> a pop for the panda cow. one innovator saying move over to the conventional cow. after 7 years of trying he created the miniature bovine that bears resemblance with the giant panda. he says he'll put the cow up for sale when the right price comes along. >> when you said it took 7 years of trying what do you mean by that? >> i guess it didn't come out looking like the panda. >> what did it require farmer john to do? >> i don't want to know. >> good luck, fella. >> we're going to leave it at that. coming up next, gold soaring above 1300, its best day in a year but c

and we'll hear from dan niles who calls facebook's ipo a flop early on and turned bullish on it.is buying the stock after the report later on "closing bell." [ male announcer ] this is the age of knowing what you're made of. why let erectile dysfunction get in your way? talk to your doctor about viagra. ask if your heart is healthy enough for sex. do not take viagra if you take nitrates for chest pain; it may cause an unsafe drop in blood pressure. side effects include headache, flushing, upset stomach, and abnormal vision. to avoid long-term injury, seek immediate medical help for an erection lasting more than four hours. stop taking viagra and call your doctor right away, if you experience a sudden decrease or loss in vision or hearing. this is the age of taking action. viagra. talk to your doctor. this is the age of taking action. this man is about to be the millionth customer. would you mind if i go ahead of you? instead we had someone go ahead of him and win fifty thousand dollars. congratulations you are our one millionth customer. nobody likes to miss out. that's why ally

i will highlight what dan niles said to us on "fast money" yesterday.ame as one of the leading chip analysts on the street at lehman during the height of the tech run. take a look at this. he says the console business could still add 40 cents when it fully ramps. the stock could double over the next two years. he said he's in this market buying in today's session. interesting contrarian pc play. >> by the way, this is also one of the stocks that was picked in the cnbc stock draft and -- i think it was mandy's mavericks. maulers is another great game. the stock did extremely well up until what's going on today. >> quickly, courtney, cmg, chipotle. >> what's not to like. a beat on the top line. we're seeing increasing traffic. i like everything i see here and who doesn't like the new margarita recipe. >> that's it for the earnings squad. join the conversation. tweet us @earningssquad. nt and choose from one of five lexus hybrids that's right for you, including the lexus es and ct hybrids. ♪ this is the pursuit of perfection. ♪ we replaced people with a ma

. >> dan: crews are out in south san jose right now spraying insecticide on mosquitoes infected with the west nileus. it's in the area bordered by monterey highway, blossom avenue and castle road. there you see it on the map where infected mosquitoes and dead crows have been found. >> after a packed house planning commission a decision on the bacon bacon restaurant in the haight district. the location was first to shut down after neighbors complained about the noise and strong smell of bacon. restaurant now plans to reopen shortly. >> dan: talking about bringing home the weather bacon. >> sandhya patel. >> i will bring it home for your weekend plans. live doppler hd, as you notice, overcast conditions, not just near the coast but over the bay already and heading into the napa valley. we're seeing the gray skies out there from high definition emeryville camera. interstate 80 and look back towards the west, this is what you'll be waking up tomorrow morning. santa rosa, 55 degrees. it is 57 in livermore. novato, cool 50 degrees and 59 in los gatos. from the roof camera we look down the embarcadero an

. >> dan: crews are out in south san jose right now spraying insecticide on mosquitoes infected with the west nileus. it's in the area bordered by monterey highway, blossom avenue and castle road. there you see it on the map where infected mosquitoes and dead crows have been found. >> after a packed house planning commission a decision on the bacon bacon restaurant in the haight district. the location was first to shut down after neighbors complained about the noise and strong smell of bacon. restaurant now plans to reopen shortly. >> dan: talking about bringing home the weather bacon. >> sandhya patel. >> i will bring it home for your weekend plans. live doppler hd, as you notice, overcast conditions, not just near the coast but over the bay already and heading into the napa valley. we're seeing the gray skies out there from high definition emeryville camera. interstate 80 and look back towards the west, this is what you'll be waking up tomorrow morning. santa rosa, 55 degrees. it is 57 in livermore. novato, cool 50 degrees and 59 in los gatos. from the roof camera we look down the embarcadero an

. >> dan: crews are out in south san jose right now spraying insecticide on mosquitoes infected with the west nileit's in the area bordered by monterey highway, blossom avenue and castle road. there you see it on the map where infected mosquitoes and dead crows have been found. >> after a packed house planning commission a decision on the bacon bacon restaurant in the haight district. the location was first to shut down after neighbors complained about the noise and strong smell of bacon. restaurant now plans to reopen shortly. >> dan: talking about bringing home the weather bacon. >> sandhya patel. >> i will bring it home for your weekend plans. live doppler hd, as you notice, overcast conditions, not just near the coast but over the bay already and heading into the napa valley. we're seeing the gray skies out there from high definition emeryville camera. interstate 80 and look back towards the west, this is what you'll be waking up tomorrow morning. santa rosa, 55 degrees. it is 57 in livermore. novato, cool 50 degrees and 59 in los gatos. from the roof camera we look down the embarcadero and it