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‘Nothing Warrants’ Facebook for Long Term: Pro

There are few reasons to consider Facebook a buy-and-hold stock, “Fast Money” pro Joe Terranova said Thursday.

“The argument right now for Facebook is that it is now a buy-and-hold stock. It’s a long-term investment, and I completely disagree with that,” he said.

Terranova offered IBM or a consumer staples name as an example of a long-term hold, but not the social media giant.

“There’s no reliable, dependable earnings from Facebook that warrants it being a long-term investment. The sales growth trajectory is peaked. It peaked in middle of 2011,” he said.

(Read More: Facebook Could Bounce on ‘Want’ Button: Munster)

Terranova said CEO Mark Zuckerberg has to show leadership.

“He’s got to come out from under the hoodie,” he said. “He’s either got to be a CEO, or they’ve got to go find one.”

Trader disclosure: On Aug. 30, 2012, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s "Fast Money" were owned by the "Fast Money" traders: Jon Najarian is long CME; Jon Najarian is long CBOE; Jon Najarian is long GLUU; Jon Najarian is long STSI; Jon Najarian is long SQNM; Jon Najarian is long GS CALL SPREADS; Jon Najarian is long JPM CALL SPREADS; Jon Najarian is long SBUX CALL SPREADS; Jon Najarian is long FB CALL SPREADS; Jon Najarian is long GPS CALL SPREADS; Jon Najarian is long P CALL SPREADS; Jon Najarian is long FCX CALL SPREADS; Guy Adami is long C; Guy Adami is long GS; Guy Adami is long INTC; Guy Adami is long MSFT; Guy Adami is long AGU; Guy Adami is long NUE; Guy Adami is long BTU; Brian Kelly is long JJG; Brian Kelly is long CORN; Brian Kelly is long SOY; Joe Terranova is long VRTS; Joe Terranova is long NXPI; Joe Terranova is long EMC; Joe Terranova is long CHKP; Joe Terranova is long CSTR; Joe Terranova is long AAPL; Joe Terranova is long WFM.

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