NEW YORK (TheStreet) -- Shares of Twitter (TWTR) are rocketing higher, up almost 8% on Wednesday as positive commentary from the company's Analyst Day is exciting investors. The company discussed expanding direct messaging platform, building out more applications, and adding suggestions for new users about interesting news and who to follow.
On CNBC's "Fast Money Halftime" TV show, Josh Brown, CEO and co-founder of Ritholtz Wealth Management, is long the stock and said global advertising revenues have actually been pretty good. However, the company needs to expand its user growth and engagement, which the company's new initiatives should help.
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Twitter's advertising growth has been "highly impressive," according to Pete Najarian, co-founder of optionmonster.com and trademonster.com. The company needs to focus on international expansion, he added.
The stock has likely bottomed in the short-term, said Stephen Weiss, founder and managing partner of Short Hills Capital Partners LLC. Investors can stay long the stock for now, but next quarter's user metrics will be important to watch.
Facebook (FB) is still the dominant social stock in terms of advertising, said Jon Najarian, co-founder of optionmonster.com and trademonster.com. However, shares of Twitter have support, because investors know that if the stock goes too low, it will be a buyout candidate.
The conversation quickly turned to retail, after Macy's (M) reported third-quarter earnings. The company beat on EPS estimates, missed revenue expectations, but provided positive commentary on the conference call. Shares are higher by 5% as a result.
Stick with Macy's, Weiss said. The company's management is the best in the business and lower oil prices will help consumers in the holiday season. Brown added that stores like Target (TGT) and Walmart (WMT) have the customer base that will benefit the most from lower energy prices.
The Najarians were a bit more specific with their retail picks, with Pete saying he expects Foot Locker (FL) to outperform through 2015, while Jon likes TJX Companies (TJX) on the long side for the next six to twelve months.