NEW YORK (TheStreet) -- Tech earnings reports demanded the panel's attention after Thursday's mixed market close.
Dan Nathan, co-founder and editor of RiskReversal.com, said expectations were not particularly high for LinkedIn (LNKD), and that it came in line with guidance should be troubling for the sector. The stock is down 45% from the all-time high. It's been crashing since last September and "we need to watch some levels" on the downside.
Yelp (YELP) was enough to cause a mini-rally. Did this mean something? It's sold off enough and the quarter was decent enough where there could be a move up to $67.50 or $68. It didn't quite get there but there should be some upside there based on volume, he added.
Jon Najarian, co-founder of optionMONSTER and tradeMONSTER, said he likes LinkedIn after the correction. He believes the numbers were strong across the board despite the weak guidance. Membership exceeded expectations and expansion in China is a plus.
Nathan said that he can't imagine LinkedIn rallying any time soon if it didn't go up on Thursday.
Canaccord Ingenuity Managing Director Michael Graham agreed with the idea that it was a solid quarter for LinkedIn. The core business, talent solutions, grew 50%. Customers grew 42% on the revenue.
Karen Finerman, president of Metropolitan Capital Advisors, asked about the $250 target and how LinkedIn gets there. Graham sees that value in its long runway for growth. With over 300 million members, there's no company that can develop a rival asset like that. The safety net around that growth trajectory is good.
The panel moved on to two major succession plans announced Thursday. Ford (F) announced that Mark Fields would succeed CEO Alan Mullay and Yum! Brands (YUM) named current Taco Bell CEO Greg Creed to replace outgoing head David Novak in 2015.
Ford was up 90% under Mulally since September 2006. Yum!'s stock went up 689% under Novak's 14-year stint at the helm.
Finerman expects no change for Ford's fortunes, given its deep bench. Four or five years ago this would've been a big deal, Guy Adami, managing director of stockMONSTER.com, said. Yum is at a different point, where CEO change could have a significant effect on a stock with this kind of precarious, lofty magnitude.
As for which companies they'd sell on a change in CEO, Nathan pointed to Cisco (CSCO). John Chambers has done a nice job on a lot of levels, up 1080%, amid a lot of restructuring, but is a stock that could do a lot if they could pull off as seamless a transition as Microsoft (MSFT) just did, he said.
Najarian selected Select Comfort (SCSS), which has grossly underperformed competitors under the leadership of Shelly Ibach.
Finerman cannot imagine a CEO more tied to a company than Elon Musk at Tesla (TSLA). If he left, she'd have to be a seller.
Adami says that Reed Hastings at Netflix (NFLX) has become bigger than the company itself and he'd have to sell if Musk left.
Opentable (OPEN) dropped on earnings. Nathan sees a situation where people are looking hard at valuations. It is down 25% on recent highs and needs to wash out before you buy it.
Redbox operator Outerwall (OUTR) reported a revenue increase of 4.7%. Finerman says she's hanging onto it.
Western Union (WU) reported mixed results, beating EPS and missing revenue. Adami says he'd play it from the long side, looking for a short-covering bounce.
Avon Products (AVP) was the first stock on the show's "Pops & Drops" segment. Finerman said that if Visa's (V) everywhere you want to be, Avon is everywhere you don't want to be.
Monster Worldwide (MWW) missed on revenue and earnings, guidance wasn't great and the stock is lucky to be holding above $5. Otherwise, it's great, Najarian said.
T-Mobile (TMUS) popped 8%. Nathan pointed to first-quarter subscriber numbers that were off the charts. You don't want to chase it on an up day, but if you can get it at $25-$26 on a broad market selloff, that's where you get a deal, he said.
Walter Energy (WLT) was down 4%. Adami sees nothing good going on. This company can't get out of its own way. There may be an opportunity to buy it at some point, but nothing indicates that it's today.
For their final trades, Nathan added to his long position in iShares MSCI Germany Index Fund (EWG) and made puts. Najarian is long Nucor (NUE) and added more today. Finerman says if Google (GOOGL) is down on LinkedIn, she'd buy it. Adami said if he had a position in it he'd buy more Burger King (BKW).
-- Written by Chris Sahl in Boston.