NEW YORK (TheStreet) -- The S&P 500 finished slightly lower on the day, down 0.02%.
On CNBC's "Fast Money" TV show, the trading panel looked at high-growth companies on location at the Exponential Finance Conference in New York City.
Guy Adami, managing director of stockmonster.com, said investors can buy shares of Google (GOOGL), which are not very expensive in valuation. He added International Business Machine (IBM) seems poised to underperform the market.
Steve Grasso, director of institutional sales at Stuart Frankel, is also a buyer of Google, saying its investments in robotics, self-driving cars and Wi-Fi drones, among other things, will position the company to succeed over the long term.Adami said Facebook (FB) reported a solid earnings report last quarter, but shares sold off due with other momentum stocks. He thinks shares are poised to run to $75. Grasso added that shares of Twitter (TWTR) have been trading well lately too. He is looking for the stock to breakout over resistance at $37. Adami said he's "starting to come around" to the bull case in chip stocks. Specifically, he was referring to Intel (INTC), Advanced Micro Devices (AMD) and Analog Devices (ADI). Grasso admitted that he thought Intel was a "boring" company but acknowledged its potential in wearable devices in the future. Peter Diamandis, co-founder and executive chairman of Singularity University, was a guest on the show. He is focused on rapidly growing companies in several industries including 3-D printing, robotics, artificial intelligence and sensors. If Fortune 500 companies aren't trying to "disrupt" themselves, some other company will, he reasoned. Jeffrey Gundlach, founder of Doubleline Capital, said the 10-year Treasury yield will be in the range of 2.20% to 2.80% for the second half of 2014. Brian Kelly, founder of Brian Kelly Capital, said that range suggests the current yield will fall over the next several months.
"People have been caught flat-footed by fixed-income this year" and can again in the second half, he said, especially if the U.S. is stuck in a low-growth environment.
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