Twitter shares plummeted after earnings Tuesday, and some "Fast Money" traders see the weakness as an opportunity.
The social media company topped third-quarter profit and sales expectations. But the stock fell about 13 percent in extended trading as it gave fourth-quarter revenue guidance that was well below analysts' expectations.
"Monetization is very impressive even with the currency effect, and I'd think about buying more tomorrow," said trader Tim Seymour, who owns Twitter shares.
Twitter revenue grew 58 percent from the previous year, though monthly active users rose only 8 percent in the same period. Trader Guy Adami said the user number may be overblown and noted he likes the stock if it continues to fall.
"I say you buy Twitter right here," Adami said.
Trader Dan Nathan, who owns the stock, said Twitter's product is "scarce" and warrants a higher valuation.
Pharmaceutical company Amgen posts results after the bell on Wednesday. Adami called the stock "relatively inexpensive" for the sector, saying investors should consider owning it ahead of its report.
Wearable camera maker GoPro also reports earnings Wednesday. Nathan said the stock could slip after results but is worth buying on weakness.
Refiner Tesoro could report a "record quarter" on Wednesday despite price pressures from huge supply in the crude oil and natural gas market, Seymour said.
Tim Seymour is long AAPL, BAC, CLF, DIS, F, FCX, GE, GM, GOOGL, INTC, JPM, KO, LGF, T, TWTR, VRT Tim's firm is long BABA, BIDU, MCD, NKE, NOK, SBUX, YHOO. (REBOUGHT TWITTER)
Dan is long AMAT Jan call spread, BA Oct put spread, INTC Dec put spread, XLF Dec put spread, IWM Dec put spread, XLI Dec put spread, TWTR
Karen is long BAC, C, FL, GOOG, GOOGL, JPM, KORS, KORS call spreads, M, URI, she is short SPY, Her firm is long ANTM, AAPL, BAC, C, DIS, FL, GOOG, GOOGL, GPS, JPM, KORS, KORS call spreads, MA, M, M calls, M call spreads, SUNE, SUNE call spreads, URI, URI long puts, her firm is short IWM, SPY, MDY, USO, 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.