Trader Guy Adami believes shares of social media company Twitter have upside amid leadership changes and takeover speculation. The stock dropped 2 percent Wednesday to close above $35 per share.
Investors should stay long in the stock with $35 as a stop, Adami said.
Shares of Twitter's rival Facebook have climbed 11 percent this year. The company's ad strategies and roughly 1.4 billion users give it momentum moving forward, said trader Tim Seymour.
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"No one can touch their scale," he said.
eBay-owned PayPal will buy international money-transfer company Xoom for $25 per share, the companies said Wednesday. The move comes just before eBay spins off PayPal as an independent public company later this month.
Brown—who has a long stake in eBay—said the acquisition gives eBay more momentum ahead of the spinoff.
Read MoreXoom spikes 25% on PayPal takeover
Trader Brian Kelly picked software giant Microsoft as an upside technology play moving forward. He especially liked its price, as it closed Wednesday above $44 per share.
Tim Seymour is long AAPL, ASHR, T, BAC, C, DIS, F, GE, GM, GOOGL, INTC, JPM and SUNE. Tim's firm is long BABA, BIDU, MCD, NKE, NOK, SBUX, SINA and YHOO.
Long AAPL, DE, DNKN, EBAY, FSLR, JMBA, SAM, SHAK, SPWR, TNET, TWTR, XLE and XON.
Brian Kelly is long BBRY, BTC=; TAN and TSL. He is short euro, yuan and yen.
Guy Adami is long CELG, EXAS and INTC. Guy Adami's wife, Linda Snow, works at Merck.