Cody Acree, senior research analyst at Ascendiant Capital Markets, has a sell rating with a $20 price target on Intel. He said shares of Intel tend to top out near $27. He admitted the stock is cheap and has a nice dividend but is not cheap based on forward earnings compared to Cisco Systems (CSCO), Qualcomm (QCOM), and Hewlett-Packard (HPQ).
Kelly suggested taking profits in Intel. He was a buyer of Microsoft (MSFT) at current levels. Adami said shares of Intel need to hold the $28 level in order go higher.
Kelly said Tesla Motors (TSLA) should find support near $185. If other momentum stocks begin to go higher, Tesla will likely go higher as well.
Coca-Cola (KO) closed higher on Tuesday after reporting better-than-expected earnings results. Adami said the quarter was "okay" given the "lousy" expectations. He was a buyer on a breakout over $44 rather than at current levels.Finerman agreed Coca-Cola had a nice quarter but called it too expensive in terms of valuation to consider buying. Matt Burns, senior editor at TechCrunch, was a guest on the show. Regarding GoPro filing for an initial public offering, he said the company has been profitable in each quarter since 2002. He added its previous valuation of $2.25 billion is too low because it is from 2012, when it received its last round of funding. While the company has competition, he said GoPro has a commanding share on the market. He called it the Kleenex of tissues or the Band-Aid of bandages. Finerman said it wouldn't be surprising to see Google buy out GoPro. Najarian pointed out that GoPro is the only "pure play" on wearable cameras. Unlike GoPro, Sony (SNE), Panasonic and other competitors have a lot of different business segments. Finerman said she is a buyer of Apple (AAPL) near $500. Adami suggested that investors buy Apple near current levels rather than sell it. The Brink's Company (BCO) was the first stock on the show's "Pops & Drops" segment. Adami said he wouldn't touch the stock until after he saw the company's earnings results.