Regions Financial ( RF) was down 4% on Thursday. Adami said traders could look to buy the stock at $9.20.

Goldman Sachs ( GS) was the featured company on the show's "Street Fight" segment. Adami defended the stock, saying it has crushed both the top and bottom lines over the past three quarters. He added that the company's tangible book value has risen consistently and that should keep the stock moving higher.

Seymour disagreed, saying the company had low bars to jump regarding its earnings expectations. He added that the stock is not cheap, the core and fixed-income business remains in a downtrend and the dividend yield is only 1%.

Finerman said Herbalife ( HLF) isn't going up on fundamentals but on momentum and short-squeeze potential.

Adami said the stock is now approaching multi-level highs, but he wouldn't bet just yet against hedge fund manager Carl Icahn, who has a large long position in the stock.

Brad Lamensdorf, founder of BHL Partners, was a guest on the show and runs the AdvisorShares Ranger Equity Bear ETF ( HDGE), which is down 23% this year. He said the market indicators resemble 2000 and 2007-2008 and the markets have experienced intense multiple expansion over the past several years. He added the fund is short 3D Systems ( DDD) due to its poor balance sheet, falling cash flow and terrible earnings quality.

Mike Khouw said the fundamentals for ( PCLN) are actually pretty good and remain attractive, despite being stretched a bit on the technical side of things.

For their final trades, Khouw wanted portfolio protection via SPDR S&P 500 Trust ETF ( SPY) puts, while Finerman preferred puts on the SPDR S&P MidCap 400 Trust ETF ( MDY). Adami said to buy Huntsman Corp ( HUN), Seymour is buying ProShares UltraShort 20+ Year Treasury ETF ( TBT) and Grasso said to buy Las Vegas Sands ( LVS).

-- Written by Bret Kenwell in Petoskey, Mich.

Follow on Twitter and become a fan on Facebook.
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.

If you liked this article you might like

Google or Amazon Should Acquire Toys "R" Us -- Bankruptcy Lawyer Says

Toys 'R' Us Store Employees Set for Higher Wages Despite Bankruptcy

Pret A Manger Takeover in the Works; Cisco's M&A Shackles Come Off - ICYMI

Toys 'R' Us Debt Load Tips It Into Chapter 11

Toys 'R' Us Is Nearing Its End These 3 Signs Reveal