was up 4% on Wednesday. Kelly said he didn't believe in the move and would take profits.
fell 5%, and Finerman said it's likely from the expected slowdown in bond offerings since the company collects fees on these offerings.
, which is down 5% in the past month, was the featured stock on the show's "Street Fight" segment. Kelly said he loves when stocks are down 5%, which in this case presents a buying opportunity. He cited Google's cash flow, innovation and technical support from the 100-day moving average as reasons to get long.
Nathan argued that the stock looks very weak on a technical basis, with three consecutive closes below the 50-day moving average. He added that the company has reported seven consecutive quarters where cost-per-clicks have declined and that operating expenses are increasing faster than revenue.
Howard Lindzon, co-founder of
, said hedge fund manager Carl Icahn didn't do anything wrong in the way he revealed his position in
. He added Twitter has become the new "human ticker." Regardless of whether or not people like it, it's here to stay.
Kelly said traders should be careful with the bank stocks, citing headline risk in
over the London Whale incident.
will be challenged when it reports earnings on Thursday, and he is avoiding the stock.
Finerman said that despite hedge fund manager George Soros increasing his stake in J.C. Penney, she still is not optimistic on earnings next week and remains short.
For their final trades, Grasso said he was a buyer of
and Nathan was selling
Whole Foods Market
. Finerman said she's taking profits in some of her Apple position and Kelly said he was a seller of the
iShares High Yield Corporate Bond ETF
-- Written by Bret Kenwell in Petoskey, Mich.
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