Joseph Foresi, managing director at Janney Capital Markets, said the company's low tax rate and share buybacks propped up IBM's earnings results. He pointed out IBM experienced shrinking margins for the eighth consecutive quarter. He called the quarter "pretty underwhelming."
Shares of SodaStream (SODA) popped 8%. Adami said a larger beverage company is likely taking a stake in the company. He suggested that investors stay long, but warned that it will be a volatile ride.
Kelly said Yelp (YELP) may finally rebound higher, but he wasn't going to trade it.
Scaramucci was a buyer of Bank of America (BAC), despite its current litigation expenses. He added that an improving economy and rising interest rates will benefit the bank. Seymour agreed, saying BAC is a buy at current levels.Adami said investors could give "a pass" on American Express's (AXP) revenue miss. He said weak retail results hurt the credit card companies. Scaramucci liked AXP because of its strong buyback program. Box (BOX) is looking to go public, possibly this summer. Guest Arik Hesseldahl, senior editor at Re/code, said the company is likely to be valued between $2 billion to $3 billion. While revenue grew 111% year over year, cloud prices are coming down, which could hurt the company because it spends more money than it makes, he concluded. Adami said Salesforce.com (CRM) needs to have a good earnings result because it trades at such a high valuation and investors are becoming more critical of its financial performance. Seymour was concerned about Weibo's (WB) mobile platform and increasing competition. The company is expected to go public sometime this year. He was a buyer of Sina (SINA). Adami said investors are valuing Alibaba too low, which is why shares of Yahoo! (YHOO) traded too low. He suggested that Yahoo! could move above $40. Seymour agreed, saying investors should stay long Yahoo! for now and take profits near $40. CSX Corp. (CSX) fell 2% and was the first stock on the show's "Pops & Drops" segment. Adami said the stock seems likely to trade down to $25.50.