"Today it feels like Facebook finally started to break out to the upside," he said.
Trader Tim Seymour agreed, saying, "The video ads are much, much more valuable to advertisers then they had thought. They are going to have a lot of revenue here. I think it's not even in the price," he said.
GoPro and Ambarella
He added, "I thought the stock had tailwinds and I think that [play] is a mistake."
Oracle and Microsoft
Adami also said that Oracle's stock is cheap; he draws a line in the sand at $41. "But you have to be somewhat disappointed about the way the stock has performed, especially since it bounced so nicely last week," he said.
Seymour did not agree. He expects the stock to reach $48 in 12 months. "This is a company that has proven itself, so I would not be running out the door. I think $41.50 is your bottom, and I think you can own it here."
Najarian said he believes there are better opportunities for upside now. "I'd rather be in Microsoft than in Oracle right now, especially with Satya Nadella and all of his expertise. I think they are going to move faster," he said.
Tim Seymour is long AAPL, T, BAC, C, DIS, EWZ, F, GE, GM, GOOGL, INTC, JCP, SUNE, Tim's firm is long BABA, BIDU, CHL, MCD, NKE, NOK, SBUX, YHOO.
Long AMAT, AAPL, BABA, BAC, BMY, BP, CSX, DISCA, DKS, FOXA, GE, KKR, KO, LLY, MRK, PEP, PFE, TEVA, he is long calls AAL, ABX, BAC, BBY, BMY, C, COP, CSX, DAL, DE, ETFC, FB, FCAU, GE, GS, INTC, INVN, JPM, LEN, MT, MU, NUAN, OC, PFE, RAD, S, SXC, SYY, UAL, UPS, USB, VOYA, VZ, XLF, ZIOP. Today he bought UPS calls and FB calls; today he sold RAI calls.
Guy Adami is long CELG, EXAS, INTC, Guy Adami's wife, Linda Snow, works at Merck.
Steve Grasso is long AAPL, BAC, DD, DECK, EVGN, KBH, MJNA, PFE, PHM, T, TWTR, GDX firm is TWTR, AMZN, IBM, MCD his kids own EFG, EFA, EWJ, IJR, SPY.