i'm neil doshi for "fast money's" earnings edge.omorrow facebook reports its second quarter earnings and here's three things that i'm watching for. one, total revenue should be about 3.7 billion but ad revenue for mobile should be about 2.8 billion. second we are looking for operating margins on a non-gaap basis to be about 53%. and finally, we're looking for any commentary on videos. facebook had about 4 billion video views per day last quarter. we're expecting that to be about 5 billion video views per day. google and yahoo! indicated strength in video advertising. we think this could be a positive indicator. facebook hits these three points, we think the stock could break that $100 bare year and we could see massive upside from here. this is neil doshi with "fast money." >> pete, what's your trade ahead of facebook? >> looking at instagram and looking at the videos. and because of that i'm going into this bullish because i think they are the premier right now. they've taken over the space. they own it. and twitter unfortunately r

let's get to neil doshi with mizuho usa. great to have you with us. feel like the three legs of the yahoo! story are in jeopardy at this point. the core business continues to show signs of deterioration. we've got the tax-free spinoff which may not be tax-free after all. and the baba assets which have declined significantly because of the meltdown in china. what's left here? >> yes. i'd probably disagree with you on your first premise. i do think there's signs of growth on the core business. display grew 15%. strongest growth we've seen in about five years. search continues to grow. you know, the issue is really around spend and margins. and can they really get the margins to be in line with their revenue run rate. but i do agree, you know, there is still a big looming cloud in terms of the alibaba spin, can they get it tax-free or not. and also what can they do on the japan front? they talked about getting some sort of -- some meetings and making some progress there but we still don't really know what they can do on that front. >> so what's your calc