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4 trades on string of Internet earnings

Some big-name Internet stocks took a nosedive in Monday trading, but don't expect those struggles to continue, CNBC "Fast Money" traders contended.

Baidu

After Chinese markets shed more than 8 percent on Monday, U.S.-listed shares of Baidu slipped more than 4 percent in the regular session ahead of earnings. It lost more than 7 percent in after-hours trading after forecasting revenue below analysts' expectations despite beating quarterly expectations on top and bottom lines.

Read MoreAfter-hours buzz: Baidu, Knowles, Darden & more

"If China wasn't selling off, this wouldn't be the case," said trader Tim Seymour, who owns Baidu shares.

He added that the company sits at a "good valuation."

A trader works on the floor of the New York Stock Exchange.
Adam Jeffery | CNBC
A trader works on the floor of the New York Stock Exchange.

Twitter

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

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.

Read MoreMunster: Facebook is quickly catching up to Google

LinkedIn

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.

Disclosures:

Tim Seymour

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.

Pete Najarian

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 Finerman

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

Guy Adami is long CELG, EXAS, INTC, Guy Adami's wife, Linda Snow, works at Merck.