Adami said investors should let shares of Spirit Airlines "settle down" over the next few trading sessions as the stock reversed off its all-time highs. Grasso reasoned that as long as the airline industry continues to trade higher, Spirit Airlines is likely to continue higher as well. 

United Parcel Service (UPS) traded lower in the after-hours trading session after missing bottom-line expectations. Adami said the stock is a buy on a pullback near $90. 

Kelly said UPS gives a good read on the economy. The numbers were actually good, but its earnings per share miss is a company-specific issue. 

Grasso said that at as long as Amazon (AMZN) can hold the $300 level, the stock should be fine on the long side. 

U.S. Steel (X) beat on top- and bottom-line estimates. Adami said investors should look to take profits near $30. 

Nathan said investors should let shares of Buffalo Wild Wings (BWLD) settle down over the next few trading sessions. The stock looks good on the long side if it can hold $150. Kelly added that Buffalo Wild Wings might be beginning to "crack" and shares could be headed lower. 

Dreamworks Animations (DWA) missed on revenue and earnings estimates. "Content is king," Grasso said, but Dreamworks needs to bring down its costs, which are weighing on earnings.

Paul Sankey, managing director and senior oil and gas analyst at Wolfe Research, said the spread between WTI crude and brent crude oil seems poised to expand. He is bullish on the refinery stocks. 

Grasso said he is staying long Cheniere Energy (LNG) and he remains bullish on oil service stocks. 

Kelly said he is long Brent crude oil. 

Adami said stocks like ConocoPhillips (COP) and Phillips 66 (PSX) appear to have upside.

AT&T (T) climbed 3% and was the first stock on the show's "Pops & Drops" segment. Grasso said he is still bullish on the name. 

Corning (GLW) dropped 9%. "I think this stock is broken, stay away," Kelly said. 

Costco Wholesale (COST) jumped 2%. Nathan called the stock expensive and said investors who are long should use $115 as their stop-loss. 

Wynn Resorts (WYNN) popped 3%. Adami said the stock can make new 52-week highs, as long as it finds support at $220. 

Nathan pointed out the bearish options activity in shares of Herbalife (HLF). Specifically, there was a seller of the September $67.50 call options. 

For their final trades, Nathan is a buyer of Twitter on pullbacks and Kelly is a buyer of Cheniere Energy. Grasso is buying Amazon with a stop-loss at $310 and Adami is a buyer of Facebook with a price target of $80. 

-- Written by Bret Kenwell in Petoskey, Mich.

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Bret Kenwell currently writes, blogs and also contributes to Robert Weinstein's Weekly Options Newsletter.

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