Hertz—a stock in which Einhorn holds more than 5 million shares—also looks ripe for a possible move after dipping more than 25 percent this year, trader Guy Adami added.
"Hertz might be the most interesting for a trade," he said.
Read MoreBuffett's Berkshire teases new purchase in filing
Adami contended that Twitter is "extraordinarily valuable" even though its stock has been battered amid leadership and growth uncertainty. He also noted that Facebook endured struggles in its early years as a public company before becoming a Wall Street darling.
Dan is long QQQ sept put, JOY sept calls, TWTR, TWTR sept call spreads, BA sept put spread, COST aug put spread, TJX aug put, SLB aug 28th put spread, MSFT Aug / Nov put spread, GOOGL Sept put spread.
Guy Adami is long CELG, EXAS, INTC, Guy Adami's wife, Linda Snow, works at Merck.