Social media company Twitter posts quarterly earnings after the closing bell on Tuesday. While expectations are tempered amid slowing growth and leadership uncertainty, a surprise could send shares higher, trader Guy Adami contended.
"If it's not a complete disaster, I think you'll see a relief rally in this name," Adami said.
Facebook shares—which have climbed about 20 percent this year—cooled off with a nearly 3 percent loss on Monday. But Adami believes the company's mobile business, as well as growth in advertising revenue, will push it higher after it reports earnings Wednesday.
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Professional social network LinkedIn reports earnings on Thursday. Adami contended the stock has more upside as its business is difficult to replicate.
"I'd rather be long in the stock here," he said.
Tim Seymour is long AAPL, T, BAC, DIS, F, GE, GM, GOOGL, INTC, JPM, LGF, SUNE, Tim's firm is long BABA, BIDU, MCD, NKE, NOK, SBUX, SINA, YHOO.
Long AMAT, AAPL, BAC, BMY, BP, CSX, DISCA, DKS, FOXA, GE, KKR, KO, LLY, MRK, PEP, PFE, he is long calls AAPL, AGNC, AMKR, AXP, BAC, C, CRM, CY, DAL, DVN, ETFC, LC, LM, LULU, LVS, MU, PNR, RF, UAL, USB, VZ, WYNN, XLF, ZIOP, he is long puts AUY, OAS, RIG.
Karen is long BABA, BAC, C, FINL, FL, GILD, GOOG, GOOGL, JPM, KORS, M, BABA puts, she is short SPY, Her firm is long ANTM, AAPL, BAC, C, DIS, FBT, FINL, FL, GOOG, GOOGL, GPS, IBB, JPM, KORS, M, MYL, SUNE, URI, XBI, TEVA calls, KORS call spreads, KORS puts, her firm is short IWM, SPY, MDY, Karen Finerman is on the board of GrafTech International.
Guy Adami is long CELG, EXAS, INTC, Guy Adami's wife, Linda Snow, works at Merck.