"So, for a trade, I think BlackBerry for the first time in a while sets up pretty well," he said.
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Two stocks made the list for Michael Pachter, managing director of equity research at Wedbush Securities.
Activision Blizzard, whose stock closed at $22.38, down 2.23 percent, was "misunderstood," he said, noting the ongoing strength of top titles "Skylander," "Call of Duty" and "World of Warcraft."
"Blizzard is doing really cool things with a free-to-play game called 'Hearthstone,' and I think Activision's going to surprise the rest of the year," he said. "So, I think you have plenty of catalysts coming up. I really like it now."
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Pachter's second pick was GameStop, whose stock saw a decline of 2.71 percent to end the day at $41.97 per share.
Noting a cyclical nature to the stock's performance, the company was still performing well, he said.
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"That stock just dies every time anybody mentions the word 'digital' or 'digital downloads,' and it rallies every time they report," he said. "I think they're going to have a big quarter for July. I think they're going to have a huge holiday. They are gaining share in a growing market. And, yes, the threat of digital downloads is real. It's going to take share eventually. So, Gamestop will be out of business in 19 years instead of 20 years, but they're going to be around for quite a while."
— By CNBC's Bruno J. Navarro. Follow him on Twitter @Bruno_J_Navarro.
Trader disclosure: On July 31, 2014, the following stocks and commodities mentioned or intended to be mentioned on CNBC's "Fast Money" were owned by the "Fast Money" traders: Dan Nathan is long QQQ Aug puts, HLF Aug puts, WYNN Aug put spread, CRM Aug 50 puts, BAC Aug 15 puts, CSCO Sept call spread, QCOM Oct calls, UPS long Sept puts, long TWTR long MAS Oct puts; Steve Grasso is long AAPL, CLVS, EVGN, GDX, IMMR, KBH, LNG, MHY, MJNA, NVIV, POT, SO, TWTR, YHOO, FB, GOOGL the firm is long NEM, TMUS, DHI, DE, MU, GRPN, AVP, OCN, IBM, SUNE short FXE; Brian Kelly is long BBRY calls, RSX, US dollar, WFM, he is short DAX, Eurostoxx 50, BA, gold silver, Nasdaq futures; Guy Adami is long C, GS, INTC, MSFT, AGU, NUE, BTU; Guy's wife, Linda Snow, works at Merck.