'Fast Money' Recap: The Fed and Facebook

NEW YORK (TheStreet) -- The broader market ended slightly lower after the Federal Reserve announced it is is leaving its monetary policy unchanged. 

Facebook (FB) crushed top- and bottom-line estimates. Tim Seymour, managing partner at Triogem Asset Management, said the bar was incredibly high but the company cleared it with a great quarter. He wouldn't be a buyer on Thursday but would wait for a pullback to the $49 area. 

Brian Kelly, founder of Brian Kelly Capital, also said he wouldn't chase the stock and asked what the next catalyst would be to push shares higher. 

Mike Khouw, managing director and primary strategist at DASH Financial, said the stock actually isn't more expensive, despite the after-hours pop higher, because the company earned so much more money than analysts had expected. 

Stephanie Link, co-portfolio manager of the Action Alerts PLUS portfolio, said she had already trimmed some of the Facebook position leading up to the report, but after seeing these results would not trim on the pop higher. She noted Facebook grew in all regions.

Robert Peck, managing director at SunTrust Robinson Humphrey, was a guest on the show and said Facebook's ad revenue and mobile growth were very impressive, and margins surprised to the upside. He pointed to video ad revenue, the monetization of Instagram and graph search as potential catalysts. 

Seymour was a buyer of LinkedIn (LNKD) and Kelly was a buyer of Twitter. Dan Nathan, co-founder and editor of riskreversal.com, preferred the Global X Social Media Index ETF  (SOCL) and Karen Finerman, president of Metropolitan Capital Advisors, was a buyer of Google (GOOG).

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