The traders provided their top "breakout stocks." Seymour is a buyer of the MSCI Emerging Markets ETF (EEM) and Nathan is a buyer of Nike (NKE) . Kelly is a buyer of gold and/or the Market Vectors Gold Miners ETF (GDX) while Adami is a buyer of EXACT Sciences (EXAS) .
Nathan said Sprint's (S) new pricing plan is bad for investors over the short term but is good for consumers. He reminded investors that T-Mobile USA (TMUS) had a similar strategy in the past and now is considered a takeover target for many companies.
Adami said Microsoft (MSFT) seems poised to move toward $50, after failing to pullback as much as he previously thought. Kelly said Microsoft pays a nice dividend and is a good stock to buy on a pullback.
Seymour likes the retail sector, and said many stocks likes Urban Outfitters (URBN) , J.C. Penney (JCP) and Target (TGT) are reporting better-than-expected results and are trading more bullishly.
Nathan said he likes Dick's Sporting Goods (DKS) .
Adami said investors can buy shares of La-Z-Boy (LZB) if the stock finds support near $22 or $21.50.
Seymour said investors should buy Chinese equities, as fears over macro and credit issues are overblown. He suggested using the iShares China Large-Cap ETF (FXI) and/or buying individual stocks such as China Mobile Limited (CHL) , Baidu (BIDU) and PetroChina Company (PTR) .
Kelly said he is playing Chinese equities via the iShares MSCI Hong Kong ETF (EWH) .
Tony Wible, managing director at Janney Capital Markets, suggested that Time Warner (TWX) spin its HBO asset into a "tracking stock," which will unlock value for shareholders. With an EBITDA multiple of 15 times, or with a similar subscriber valuation to Netflix (NFLX) , the HBO tracking stock would be worth roughly $35.
Using a value of $60 per share for the rest of Time Warner's businesses quickly gets the share price to $90, he argued. Wible has a buy rating on shares of Time Warner with an $87 price target.