Investors remain focused on earnings, as Thursday presented many big moves. One of the closest watched stocks was Starbucks (SBUX) - Get Report , which reported after the close. The company reported in-line earnings results and slightly topped revenue expectations. 

At 35 times earnings and up almost 70% over the past year, the stock is priced for near-perfection, Tim Seymour, managing partner of Triogem Asset Management, said on CNBC's "Fast Money" TV show. Starbucks shares closed at $62.50 Thursday. 

While its comparable-store sales results for China came in light -- 6% vs. estimates of roughly 9% -- the company continues to garner strong growth in the region and that should continue going forward. There's nothing in the report to make Seymour, who is long, want to sell the stock. 

Dan Nathan, co-founder and editor of riskreversal.com, added that the company plans to open a lot of stores in the future, particularly in China. Any slowdown in growth could pinch earnings, but so far, things are going pretty smoothly. The stock is likely to trade sideways in the high $50s or low $60s for a while. Investors should buy at $55 if they get the chance. 

Guy Adami, managing director of stockmonster.com, liked the company's results and said he would be a buyer of the stock. Support can be found near $60, he said. 

LinkedIn (LNKD) also reported earnings. The stock jumped 12% in after-hours trading after beating on top- and bottom-line estimates and providing better-than-expected guidance. It closed at $217 during the regular trading session.

Colin Gillis, senior tech analyst at BGC Financial, upgraded the stock to buy from hold on Wednesday, while leaving his price target unchanged at $250. This was a "great" earnings result and "good" guidance, he said. China remains a big opportunity going forward, and the company should continue to churn out strong revenue growth, as there is little competition in its industry. 

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Adami agreed, adding that LinkedIn has a large user base and its business model is very hard for competitors to replicate. That's why it has such a high, well-deserved, valuation.

Steve Grasso, director of institutional sales at Stuart Frankel, said he would be a buyer of the stock on a pullback to around $230.

On the flip side, NXP Semiconductors  (NXPI) - Get Report shares fell roughly 20% on Thursday following its much weaker-than-expected earnings guidance. The move is "staggering," Adami said, pointing out that the stock was at $114 earlier this year. It closed at $73 on Thursday. Some semiconductor stocks are doing well, while others are doing poorly. He suggests investors stick with the former group, like Texas Instruments (TXN) - Get Report

Seymour disagreed, saying Texas Instruments is trading right below major resistance at $60, so the upside looks limited. He's also avoiding Intel (INTC) - Get Report

Grasso said to stick with the winners, like Nvidia (NVDA) - Get Report . "Bottom-fishing" for stocks in the semiconductor space has not worked well this year, he said -- and he should know, as he's long Micron (MU) - Get Report , which is down 53% on the year. 

Shares of GoPro (GPRO) - Get Report also had a rough session, falling 15% to new 52-week lows after missing on top and bottom line earnings results. GoPro closed at $25.62 Thursday.

Grasso has been a steadfast bear on GoPro -- and this earnings report didn't change his stance. The stock has a high short interest, so it's susceptible to rallies, but the business is too unattractive for him to get long. 

Sales growth at GoPro remains impressive, despite the obvious missteps the company took in the recent quarter, Seymour said. At any rate, "I would not go near shorting this company at this point," he warned. 

Nathan has been predicting more downside in GoPro stocks for months. But now that it's in the mid-$20s, it looks a lot more attractive. He's now a buyer in the mid-to-low $20s.

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