Fast Money

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Playing Twitter's analyst day: 15 trades, 61 seconds

The CNBC "Fast Money" traders share their top plays.

Stuart Frankel's Steve Grasso said that he liked Twitter.

"Are you signed in when you search on Google? No. Is that information any less valuable? The answer is no," he said. "I'm still long the name. I think this could be a fork in the road for the name. I do believe it goes higher from here."

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Brian Kelly of Brian Kelly Capital noted that last week's Wall Street Journal criticisms of Twitter CEO Dick Costolo marked a bottom for the stock.

Traders on the floor of the New York Stock Exchange.
Brendan McDermid | Reuters

"Today they did one thing right," he said. "You can argue whether or not this is sustainable. Frankly, half the people I talked to were impressed with their presentation. That was it. Stock went up 7 percent. Imagine if they actually did something besides put together a nice presentation. There's a lot of value. It's a unique property. It's almost a monopoly. And I think at the very least against $40 it's a great buy."

Private Advisor Group's Guy Adami said he wasn't certain enough to call a bottom in Twitter.

"I'm not sure, but I think you can trade it against $40," he said.

In the retail sector, Kelly said that he wasn't a fan of JCPenney.

"I wouldn't touch it at all. They had that one chance for transition," he said. "It looks like they're just caught up in the retail kind of funk that's going on. For me, I would stay far away from JCPenney."

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Grasso sounded a similar tone.

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"JCPenney still has a huge short interest," he said. "So, I wouldn't go out there and short the name, but I don't think there's a real big future for it on the long side, either."

Apple, Adami said, could still climb.

"The tell in Apple was back in the middle of October when the market was tanking and Apple really didn't move. It traded down to $96, but it traded really well on lousy tape. We made that point. I thought $88, obviously didn't get there. Above $103 gets you $110," he said. "But now to me it's trading like something more is going on, something like maybe there's some Alibaba partnership that's been bandied about. But it feels, the way it's traded over the last couple of days, that there's something in the works, which leads me to believe the stock is still impervious to any bad tape. I guess you just stay with it here."

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Karen Finerman was on the fence when it came to Apple.

"We had stock and some calls against it. Some expired, some will be assigned," she said. "And here, I would neither add nor sell. I don't know what to do with the rest."