NEW YORK (TheStreet) -- The S&P 500 ended slightly lower on Thursday, making its year-to-date performance essentially flat so far in 2014.
Tim Seymour, managing partner of Triogem Asset Management, said the stock was set up for a big move lower after tripling in 2013. However, he admitted the move lower was an overreaction.
Brian Kelly, founder of Brian Kelly Capital, said it's a massive overreaction and he would buy the stock as a trade. He added that shrinking the number of stores will likely help the retailer.
Guy Adami, managing director of stockmonster.com, said the stock traded 85 million times compared to its average of 5 million times and could be purchased near current levels.
Karen Finerman, president of Metropolitan Capital Advisors, said she is not a buyer but BBY has a pretty good balance sheet.
David Strasser, retail analyst at Janney Montgomery Scott, was a guest on the show. He said a tough consumer hurt BBY as seen by the decreasing gross margins. Promotions hurt most of the retail companies this holiday season, he added. He concluded that next year could be better, especially as Best Buy continues to benefit from increased appliance sales and an ailing Sears Holdings (SHLD).
Kelly argued that the global and U.S. economies are showing signs of slowing down, evidenced by ISM reports, employment data and struggles within the retail sector.
Seymour disagreed. He said wage growth and consumer spending continue to climb. He did admit stocks that are overvalued are getting nailed for under-delivering.
He did not like the management team's decision to "double down" on its investment in the tablet market since it was costing the company in upside earnings potential. He's disappointed that Intel saw lower demand in its server business, which is more profitable than its PC business, which rose. He prefers Marvell Technology Group (MRVL - Get Report).
Adami said Intel's earnings report was okay but the stock reacted negatively because it ran up so far into the report.
Seymour really likes what SolarCity (SCTY) is doing in the residential solar market. However, he's not a buyer at current levels.
Brad Hintz, an equity research analyst at Sanford C. Bernstein and former CFO of Lehman Brothers, was a guest on the show. He said Citigroup (C - Get Report) has a low valuation. Citi has great international exposure, especially to Asia, and rising interest rates will likely help the financial sector.
Kelly said U.S. banks have gone up too much from previous levels. He is short European financials.
Rio Tinto (RIO) was the first stock on the show's "Pops & Drops" segment. Seymour said investors should stay long.
Kelly said he would short the railroad stocks but suggested Greenbrier Companies (GBX - Get Report) could benefit from mandated rail-car modifications. Adami added that Trinity Industries (TRN - Get Report) would benefit, too.
Seymour said traders should stay short the Australian dollar and Canadian dollar.
For their final trades, Finerman is a buyer of C and Kelly said to buy the iShares 20+ Year Treasury Bond ETF (TLT - Get Report). Seymour is buying BHP Billiton (BHP) and Adami said to buy Republic Services (RSG - Get Report).
-- Written by Bret Kenwell in Petoskey, Mich.