Mahaney said Twitter should benefit from the global audience tuning into the World Cup. He also said that sentiment among investors had gotten really bad for Twitter, meaning any good news can help lift it. User growth will improve by the end of the year, he argued, but monthly active users need to reaccelerate to get investors excited again. His top three picks are Facebook (FB), Priceline (PCLN) and Pandora (P).
Adami said Facebook looks poised to go to $75 ahead of its scheduled earnings report in July.
Grasso said Twitter is running into resistance near $42 and $44. He suggested that investors who are not long yet, wait for the stock to break over those levels before getting long.
Seymour suggested that Facebook has more opportunities to monetize than Twitter does.Dupont (DD) cut second-quarter and full-year guidance. Seymour said this is "concerning" and investors should have a closer inspection of the report. GoPro (GPRO) jumped 30% in its first day of public trading. Michael Pachter, an analyst at Wedbush Securities, was a guest on the show. With roughly one-third of the company's revenue coming during the holiday season, he expects the next two holiday seasons to be extremely strong for GoPro. He added that it has "immense" potential and first mover advantage over its competition. It has created a strong brand, he concluded. Grasso and Seymour were not buyers of GoPro, while Adami liked the company. Finerman was on the fence about buying the stock. Seymour called Barclays BCS a "no touch" at current levels. Bruce Aust, executive vice president and head of global listings at Nasdaq OMX Group (NDAQ), was a guest on the show. Regarding Alibaba choosing the NYSE for its IPO, he said it's fine because the Nasdaq still has GoPro, JD (JD) and Weibo (WB) to show for this year's other big initial public offerings. It's been a "great" year, he added, saying Nasdaq will launch its 100th IPO of the year on Friday. The company has won 62% of its IPO bids this year. Grasso said the Facebook debacle really hurt Nasdaq's reputation and is likely one of the key reasons Alibaba chose to go public with the NYSE. Seymour said it's not "devastating" news that Alibaba chose the NYSE, and argued that Nasdaq OMX Group continues to grow its earnings.
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