NEW YORK (TheStreet) -- The Nasdaq was able to close in positive territory while the broader markets closed slightly lower on Tuesday.
On CNBC's "Fast Money" TV show, Guy Adami, managing director at stockmonster.com, said Tesla had a really good quarter, but the selloff puts the stock in "no-man's land."
Tim Seymour, managing partner of Triogem Asset Management, said that while the valuation is insanely high, the focus should be on revenue and deliveries, not on margins.
Mike Khouw, managing director and primary strategist at DASH Financial, said that it's essentially impossible for the company to grow into its current valuation.
Steve Grasso of Stuart Frankel said he would be a buyer at $140, if the level holds as support.
Ben Kallo, senior research analyst at R.W. Baird, was a guest on the show and said Baird downgraded the stock to hold because the valuation is too high. He added there is too much optimism from investors with too-high expectations. When Tesla provides 2014 guidance it might give the stock the boost that it needs to go higher, he concluded.
Zillow (Z - Get Report) beat on the top and bottom lines. Adami said investors could continue to own the stock with a stop-loss at $80. Seymour said the stock is completely overvalued and questioned how many homebuyers are going through its platform.
Abercrombie & Fitch (ANF - Get Report) fell sharply due to its preliminary earnings results. Karen Finerman, president of Metropolitan Capital Advisors, said the company seems to have lost its way and there's no reason for investors to step in and buy right now.
Dana Telsey, CEO and chief research officer of Telsey Advisory Group, was a guest on the show and said falling energy prices should help consumers during the holidays. When unleaded gasoline falls below $3.25 per gallon, she said, middle-class consumers' extra spending money starts to become more apparent, with Wal-Mart (WMT - Get Report), Target (TGT), Dollar General (DG - Get Report) and Dollar Tree (DLTR - Get Report) benefiting the most. She added the upper class will continue to spend, regardless of energy prices.
Seymour said casual dining could also get a boost from lower energy costs but youth unemployment will continue hurting teen retail stocks.
Grasso said Deckers Outdoor (DECK) could still have 10% upside.
Hertz Global Holdings (HTZ - Get Report) beat on earnings but had a disappointing conference call. Finerman said the company overestimated its fleet value and backed off its 2015 earnings per share guidance. She advised investors not to rush into the stock, which could break $20.
AOL (AOL) jumped 8% on its earnings results. Adami said there's likely more room to the upside. Grasso said he wants to wait for a pullback and said investors could use Tuesday's low as an entry.
Royal Bank of Scotland (RBS) fell 2%. Seymour said he would avoid the stock.
Rebecca Patterson, CIO of the Bessemer Trust, was a guest on the show. She remains underweight emerging markets. She said Janet Yellen, expected to become the next head of the Federal Reserve, will have her confirmation hearing on Nov. 14. A dovish outing would be good for emerging markets, while a hawkish one would be bearish. Specifically, Patterson likes Mexico; tapering fears could create a buying opportunity.
Finerman is still long Sotheby's (BID), calling it the best way to play the art market.
For their final trades, Khouw is bearish on Green Mountain Coffee Roasters (GMCR) via long calendar put spreads, Seymour said to go long Melco Crown Entertainment (MPEL) and Finerman said to avoid HTZ. Grasso is a buyer of Bank of America (BAC - Get Report) and Adami said to buy Z.
-- Written by Bret Kenwell in Petoskey, Mich.