NEW YORK (TheStreet) -- The broader markets rose on Thursday once again as some big name companies reported earnings.
Amazon (AMZN) beat its revenue estimates and the stock again went higher. Guy Adami, managing director of stockmonster.com, said Wall Street continues to cut the company slack and advised investors not to buy the stock on Friday.
Tim Seymour, managing partner at Triogem Asset Management, said no other company is close to what Amazon has in terms of its competitive edge, but because of valuation he is not a buyer.
Brian Kelly, founder of Brian Kelly Capital, reiterated that investors should not buy on Friday and suggested those who are long sell half their position to take profits.
Microsoft (MSFT) beat on the top and bottom line. Seymour said the quarter was good and the company seems to be doing well in the enterprise software business.
Kelly said he was surprised by the move because the company lacks product innovation. He added that investors will probably be safe to buy the stock.
Adami said he would not be a buyer of Microsoft, but instead suggested using this pop to take profits.
Colin Gillis, senior tech analyst at BGC Financial, was a guest on the show and said Microsoft reported a nice quarter but future quarters will likely be more difficult. The March quarter will pressure margins because of the Nokia (NOK) deal. Gillis said Stephen Elop, the former CEO of Nokia, would be the best pick for the next CEO for Microsoft.