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NEW YORK (TheStreet) -- The S&P 500 ended the week on a sour note, closing lower on Friday by 0.81%. 

On CNBC's "Fast Money" TV show, Guy Adami, managing director of, said he was surprised by Facebook's (FB) - Get Free Report selloff following its strong earnings report on Wednesday. He added the bulls need the S&P 500 to hold 1,834.  

Pete Najarian, co-founder of and, was a buyer of Facebook because of its strong business model and steep decline in the stock price. 

Josh Brown, CEO and co-founder of Ritholtz Wealth Management, attributed the selloff in momentum stocks to portfolio managers lowering their risk and margin issues for investors. 

Steve Grasso, director of institutional sales at Stuart Frankel, agreed that margin issues are likely playing a larger role in the momentum stock selloff than most investors think. He said the S&P 500 needs to hold 1,856. 

Brown suggested that a market rally would be difficult to sustain if three important sectors continue to underperform: financials, technology and health care. 

Adami continued to argue that Treasury bond yields are going lower. So far he has been correct, with the iShares 20+ Year Treasury Bond ETF (TLT) - Get Free Report rising to $112 on Friday. He has maintained a $115 price target for quite some time. 

Najarian said he is waiting to see Twitter's (TWTR) - Get Free Report earnings results and hopes the company demonstrates some upside momentum in its business metrics. 

Brown said he is still long a small position in TWTR from near the initial public offering date. He reminded investors there is a large share lockup expiration shortly after earnings. He hypothesized that the earnings report may have good news because management will want the stock to be more valuable when their positions become eligible for sale. 

Spencer Rascoff, CEO of Zillow (Z) - Get Free Report, said 38% of American homeowners are in a negative equity position with their mortgages. He added that there is a lot of demand for housing with very limited supply. Because of this, home prices are quite high, giving prospective home buyers "sticker shock" when looking for a new home. He concluded that receives 75 million unique visits per month. 

Adami said Zillow has traded well over the past month. However, with a short interest over 50% and a 10% drop on Friday on light volume, he called the stock a "no touch" at current levels. 

Brian Kelly, founder of Brian Kelly Capital, phoned into the show. He sold his long position in FireEye (FEYE) - Get Free Report just below $45, saying, "It's just a bad trade." 

Ford (F) - Get Free Report dropped 3% following its earnings report. Adami said the stock is cheap in terms of valuation but also called the stock a "no touch" based on its relatively poor price action over the past few months. 

Grasso said he is not a buyer of Tesla Motors (TSLA) - Get Free Report but investors who are long should use $184 as their stop-loss. 

JetBlue Airways (JBLU) - Get Free Report fell 5% and was the first stock on the show's "Pops & Drops" segment. Adami admitted to being wrong about his bullish call on the stock. 

Visa V dropped 5%. Grasso said the stock is below all of its major moving averages. He said investors who want to buy the stock should wait for the overall market to stabilize. 

SunPower (SPWR) - Get Free Report jumped 7%. Brown said the stock seems poised to go higher. 

Hanesbrands (HBI) - Get Free Report popped 5%. Najarian said the stock is still cheap. 

For their final trades, Najarian was a buyer of Dollar General (DG) - Get Free Report and Grasso was a buyer of Bank of America (BAC) - Get Free Report near $15. Brown was a buyer of the Market Vectors Agribusiness ETF (MOO) - Get Free Report and Adami was buying Mylan (MYL) - Get Free Report.

-- Written by Bret Kenwell in Petoskey, Mich.

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Bret Kenwell currently writes, blogs and also contributes to Robert Weinstein's Weekly Options Newsletter.