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Despite Facebook's success, Twitter shares look more appealing, said trader Steve Grasso. The social networking name has climbed more than 35 percent this year.

Another social stock, Yelp, took a hit late last week on reports that a documentary planned to criticize its relationship with small businesses. Shares in Yelp surged on Monday, though, closing more than 4 percent higher.

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Trader Brian Kelly said that investors need to be cautious with the stock, but noted that it could pop in the short term. Trader Pete Najarian added that any play on Yelp should be done through options.

Najarian on Monday bought call options in networking company Ciena. The stock closed the day down more than 2 percent.

Disclosures:

Pete Najarian

Pete Najarian is long AMAT, AAPL, BABA, BAC, BMY, BP, CSX, DISCA, FOXA, GE, KKR, KO, LLY, MRK, PEP, PFE and SAP. He is long calls BK, CIEN, CNX, COP, EXXI, F, FCX, FL, GE, GM, GT, KO, KFT, LYB, NEE, PEP, RAD, TEVA, UAL and UFS. Today, he bought CIEN calls.

Brian Kelly

Brian Kelly is long BTC=, U.S. dollar, GLD, EEM, CTRL calls, GSG, BBRY and TLT. He is short yuan.

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