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.
Google (GOOG) reported strong earnings on Thursday and the stock broke $1,000 on Friday.
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.
Kelly also likes energy and would invest in natural gas stocks like Apache and ConocoPhillips or in the commodity via the U.S. Natural Gas ETF (UNG).
Brown said he preferred the solar sector because it is so far from reaching its full potential.
Adami said Netflix (NFLX) has been doing well but it would be "suicidal" to get involved with it ahead of earnings since the stock is so volatile.
Kelly said he would go with Time Warner Cable (TWC) over Netflix.
Brown said Microsoft (MSFT) could surprise to the upside when it reports earnings next week, but he does not like the stock enough to be long.
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.
eBay (EBAY) was the first stock on the show's "Pops & Drops" segment. Brown said the stock seems good on the long side, with support near $50.
FedEx (FDX) jumped 9%. Adami said the company has been doing well but suggested investors wait for a pullback to buy.
American Express (AXP) popped 7%, and Kelly said he would wait for the stock to pullback before buying.
For playing Amazon (AMZN) earnings, Kelly said he would sell his common stock and buy upside call options in order to book profits and reduce risk.
Brown called it a "no touch" and said investors could buy Amazon if it falls after earnings.
Adami said Caterpillar (CAT) could surprise to the upside when it reports earnings, and the stock looks like it could head to $90 at the moment.
Boeing (BA) reports earnings on Wednesday. Brown continues to like the name because of its chart and tremendous backlog.
AK Steel Holding (AKS) reports earnings on Tuesday. Kelly said that although the steel sector has been doing well lately, he would not stay long into 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.
Adami said he would avoid J.C. Penney (JCP) for the time being.
Kelly said he would rather be in Toll Brothers (TOL) or the SPDR S&P Homebuilders ETF (XHB) instead of Zillow (Z).
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.