NEW YORK (TheStreet) -- The S&P 500 slid 0.48% on Friday, ending the week unchanged.
On CNBC's "Fast Money" TV show, the trading panel took a look at Amazon's (AMZN) earnings, which caused the stock to decline by 10%.
Pete Najarian, co-founder of optionmonster.com and trademonster.com, said investors are getting fed up with the continued losses and ballooning expenses at Amazon. He is not currently looking for the stock to bounce.
Tim Seymour, managing partner of Triogem Asset Management, reasoned that investors are tired of seeing revenue growth come at the expense of profits. It's simply not worth this type of valuation, he argued.
Brian Kelly, founder of Brian Kelly Capital, said if the stock fails to hold $280 don't get long, he cautioned.
Josh Brown, CEO and co-founder of Ritholtz Wealth Management, said last year was "the tell" for Amazon investors when the company failed to grow its full-year revenue by more than 20%. Look to buy the stock around $280, he suggested.
Seymour said the U.S. is likely to hit Russia with more sanctions "sometime early next week." He is a seller of German equities via the iShares MSCI Germany ETF (EWG).
Kelly agreed with Seymour in regards to Russian sanctions, saying investors can play the scenario by getting long Brent crude oil and Stillwater Mining (SWC).
Instead of buying or selling foreign equities, Najarian said investors could buy the airline and energy sectors on weakness caused by geopolitical events.
Najarian pointed out bullish options activity in shares of Estee Lauder (EL). Specifically, he referred to the August $80 call options.
Kelly said investors may have a chance to buy shares of Tesla Motors (TSLA) near $200. Najarian added that Tesla has a lot of growth right now, but could face pressure in the future from competitors.
The demand is good and technology is amazing, Seymour said of Tesla. But with increasing competition on the way and a stock that's highly overvalued, he is not a buyer. "It's crazy if you think this stock's doubling," he added.
Pandora (P) fell 10% and was the first stock on the show's "Pops & Drops" segment. Brown said Pandora often sells off after earnings and usually bounces back. He is a buyer.
Baidu (BIDU) jumped 11%. Seymour said the company's margins are impressive and the stock is not that expensive given its growth rate.
Calloway Golf (ELY) fell 7%. Kelly is not a buyer.
Deckers Outdoor (DECK) popped 6%. Najarian said the stock seems poised to go higher.
Lance Ulanoff, chief correspondent and editor-at-large of Mashable, was a guest on the show. He said the new Amazon Fire smartphone has a lot of "unique features you don't find in other phones." For instance, its "Firefly" feature allows a user to scan a product, and then instantly purchase it from Amazon.
This is how Amazon works, Ulanoff said. It gets products in front of consumers at no profit -- such as the Kindle and Fire -- and then generates future sales from it. The biggest problem with the Fire is that it is only available on AT&T (T), he reasoned.
For their final trades, Seymour is a buyer of America Movil SAB (AMX) and Brown is a buyer the Vanguard FTSE Emerging Markets ETF (VWO). Kelly is a buyer of Stillwater Mining and Najarian is a buyer of Dow Chemical (DOW).