was a great performer except for the past couple of months. After this week's 6% selloff, he said traders could buy the stock with a stop-loss target at $60.
fell 7% on the week and 13% on Friday from poor earnings guidance. Kelly said the company is an attractive takeover candidate and he likes the stock.
now has a market cap of close to $100 billion and Seymour said the stock could go a lot higher as long as it lives up to its earnings potential.
Julia Boorstin, a
contributor, said that since the botched Facebook initial public offering on the
, the New York Stock Exchange has raised twice as much in tech company IPOs . She added that the trend will likely continue, especially with names like
all expected to file IPOs of $1 billion or more.
is the best social media stock to be in, despite people saying that it's overvalued. He added that at some point the naysayers will be right, but momentum has been too strong so far.
SPDR Homebuilders ETF
was the first stock on the show's "Trending Trades." Adami said it feels like mortgage rates are topping out and it might make sense to take a look at this exchange-traded fund on the long side.
With disappointing housing sales data,
bond tapering in September becomes even more unlikely, according to Grasso. Because of this, gold popped 2% on Friday and is nearing another key level at $1,400. He is a buyer.
For their final trades, Kelly said he likes the market and would buy the dips in the
SPDR S&P 500 Trust ETF
and Grasso said he's buying Tesla, as long as it hold $160. Adami said he is a buyer of
and Seymour is buying
-- Written by Bret Kenwell in Petoskey, Mich.
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