NEW YORK (TheStreet) -- Alibaba (BABA) is expected to bring in revenues of $8 billion on China's Single's Day. But since so many investors are expecting great things from the company, does it make this a sell-the-news situation?
"No, absolutely not," Tim Seymour, managing partner of Triogem Asset Management, said on Monday's CNBC episode of "Fast Money." This is a "monstrous event" and Alibaba is likely to exceed expectations, he said. He likes Alibaba for the long-term and said JD.com (JD) has "extraordinary growth" at a reasonable price.
Not so fast says Dan Nathan, co-founder and editor of riskreversal.com. The stock is up some 40% in the past few weeks and is starting to look "a little frothy," he added. Shares seem likely to drop below $115 sometime soon.
Karen Finerman, president of Metropolitan Capital Advisors, said it would be nice for the stock to drop below $110, to provide a better buying opportunity for investors.
Alibaba isn't a "crazy expensive stock," according to Guy Adami, managing director of stockmonster.com. As for Yahoo! (YHOO) , which owns a 16% stake in Alibaba, the company needs to report a really good earnings result in January in order to justify its current price.
While Single's Day is likely to be great, there are risks involved, said Mark Mahaney, managing director at RBC Capital Markets. He has an "outperform" rating on Alibaba along with a $130 price target. Last year, the company blew away expectations for Single's Day, before reporting a not-so-impressive earnings result. The same could happen this year.
Mahaney also likes Amazon (AMZN) going into 2015. The company will face easier comparable sales and is approaching the end of its investment cycle. It could outperform throughout the year. He added that Twitter (TWTR) needs to prove to investors that it can grow its user base and engagement before the stock is worth a shot on the long side.
Amazon appears vulnerable in the short-term, Adami reasoned, with Finerman adding that that the company continues to spend too much money and will see margin pressure in its cloud business.
Twitter has a $25 billion market cap, Nathan said, before reminding investors that Facebook (FB) recently bought WhatsApp for $22 billion. Twitter has value, he added, but isn't a buy until the mid-$30's.
The conversation shifted from one set of high-flying stocks to another. Tony Wible, managing director at Janney Capital Markets has a "buy" rating on Netflix (NFLX) with a $470 price target. Although President Obama's positive commentary on net neutrality rules is good for the company, any changes would have to go through Congress and won't happen anytime soon. Comcast (CMCSA) , which traded lower on the news, is still a buy, he said.
"I'm surprised Netflix didn't trade higher," Nathan said. The stock still seems to have a lot of selling pressure and he is avoiding it on the long side. Seymour added that competition could become an issue in the future for Netflix.
The focus turned to commodities, when Dennis Gartman, editor and publisher of The Gartman Letter, called $4.50 per BTU natural gas "extremely expensive." He is a buyer of the commodity near $4. Crude oil is unlikely to get much upside pressure, as Iran, Venezuela and other OPEC nations continue to pump a ton of oil for the sake of their economies.
Exxon Mobil (XOM) appears to have bottomed near $90 and can likely push through $96, which is acting as current resistance, Adami said.
For their final trades, Nathan is selling Macy's and Seymour is buying JD.com. Adami is a buyer of Lions Gate Entertainment (LGF) and Finerman said to sell out-the-money call options as a hedge against a long position in J.P. Morgan (JPM) .