NEW YORK (TheStreet) --The S&P 500 again closed at an all-time high as investors remain optimistic on earnings and the reopening of the U.S. government.
Guy Adami, managing director of stockmonster.com, said the stock will likely pull back to the low-$900 level, which will offer investors a chance to buy.
Brian Kelly, founder of Brian Kelly Capital, said he doesn't think new investors should initiate a position in Google without waiting for a pullback and those that are long should look to trim their positions.
Josh Brown, a financial adviser at Ritholtz Wealth Management, said the company still has a ton of growth ahead and the psychological trading behavior should allow it to run to $1,200, especially with institutions coming into the name.
Adami said if he had to invest anywhere, it would be in a biotech company such as Celgene (CELG) - Get Report or an energy company such as Apache (APA) - Get Report or ConocoPhillips (COP) - Get Report.
Brown said he preferred the solar sector because it is so far from reaching its full potential.
Kelly said he would go with Time Warner Cable (TWC) over Netflix.
Kate Moore, chief investment strategist for J.P. Morgan Private Bank, was a guest on the show and said third-quarter earnings will likely not be amazing but fourth-quarter results and guidance will be more important. Moore likes the financial, technology and health care sectors.
Brown called it a "no touch" and said investors could buy Amazon if it falls after earnings.
Brown said he wants nothing to do with Supervalu (SVU) on a trading basis. He thinks it's broken all of the major moving averages to the downside and needs to find a bottom first.
For their final trades, Kelly was a buyer of natural gas and Brown was a buyer of Google.
-- Written by Bret Kenwell in Petoskey, Mich.
Bret Kenwell currently writes, blogs and also contributes to Robert Weinstein's Weekly Options Newsletter. Focuses on short-to-intermediate-term trading opportunities that can be exposed via options. He prefers to use debit trades on momentum setups and credit trades on support/resistance setups. He also focuses on building long-term wealth by searching for consistent, quality dividend paying companies and long-term growth companies. He considers himself the surfer, not the wave, in relation to the market and himself. He has no allegiance to either the bull side or the bear side.