NEW YORK (TheStreet) -- The S&P 500 closed up 0.01% while the Dow Jones Industrial Average fell 0.19%.
On CNBC's "Fast Money" TV show, Brian Kelly, founder of Brian Kelly Capital, said Twitter (TWTR) and Facebook (FB) do not face the type of competition Yelp (YELP) does. He is looking to buy Twitter in the low-$40s.
Pete Najarian, co-founder of optionmonster.com and trademonster.com, added that Twitter is growing both revenue and its user base. However, it remains to be seen if it can sustain that user growth. He reasoned that the stock can find support near current levels.
Tim Seymour, managing partner of Triogem Asset Management, said Yelp needs to demonstrate international growth like Facebook and Twitter. Yelp needs to continue growing revenue and users as well.
Guy Adami, managing director of stockmonster.com, said Yelp posted good growth, just not good enough growth to please investors. However, it looks good on the long side with a $72 stop-loss.
Neil Doshi, managing director at CRT Capital Group, said Yelp's decline in business signups is the reason for the selloff in the after-hours trading session. The 5,900 new business users is the first year-over-year decline in six quarters.
Kelly added that investors should keep an eye on YPF Sociedad Anonima (YPF) for an idea on how the situation in Argentina may play out.
Adami said Whole Foods Market's (WFM) business model may be broken because the company is not posting the type of growth it once did. The valuation does not justify the current price and short-sellers may push the name lower.
Seymour admitted that growth has been slowing at WFM, but said the stock may have some value. If it fails to hold $36 investors should not be long the stock, but he is not selling the stock short.
Najarian bought shares of Whole Foods in the after-hours. He reasoned the $1 billion share repurchase plan will help and the recent selloff offers a good opportunity to get long.