'Fast Money' Recap: Oil Gushes

The Dow closed up 117 points on Tuesday as energy, financials and technology stocks were strong. The crew at CNBC's "Fast Money" took a look at these sectors and where investors could make some profits.

Crude oil closed in on the magic $100 mark, after hitting another record high at $97.10 finally finishing Tuesday at $96.70. Adami tells viewers they can play Valero(VLO Quote) on valuation or go with Tesoro(TSO Quote), which is more expensive, but has Wall Street whale sponsorship. Finerman discloses that she is long TSO.

Let the Sun Shine

With oil near $100, investors continue to look towards alternative energy stocks for ideas. Finerman offers EnergySolutions(ES Quote) as an idea since it is scheduled to IPO next week. She would also consider Cameco(CCJ Quote), but only with options. Najarian continues to favor Cypress Semiconductor(CY Quote).

(Take a look at a portfolio based on solar ideas on Stockpickr.com, Solar Energy.)

Auto Stock Trade

General Motors(GM Quote) is set to report earnings Wednesday morning before the bell and Ford Motor(F Quote) is set to report earnings on Friday before the bell. Adami likes Ford Motor and he believes any news will be good news. He also mentioned that Ford is looking to sell Land Rover and Jaguar and they're close to making a deal with the U.A.W. Adami sees the stock trading up to $9.75.

Additionally, General Motors traded down 3% after hours on news that the company will take a $39 billion non-cash charge on financial assets in the mortgage arm. Adami declares General Motors a widow maker. E.K. Riley analyst Robert Toomey predicts the stock will not go much lower on Wednesday, because the charge shouldn't impact cash flow.