NEW YORK (
) -- The markets closed higher on Monday with the start of a new earnings season.
Dow Jones Industrial Average
was up 32.77, or 0.27%, to 12,329.69. The
rose 2.89, or 0.23%, to 1,280.70. And the
was up 2.34, or 0.09%, to 2,676, 56.
Melissa Lee, the moderator of
's "Fast Money" TV show, started off the discussion with
(JNPR - Get Report)
, which cut guidance for revenue and EPS and indicated that router demand among service providers was softer than expected.
For a breakout of some stocks from a recent "Fast Money" TV show, check out Dan Fitzpatrick's "3 Stocks I Saw on TV."
Guy Adami said his pick in the space would be
(CSCO - Get Report)
, whose chart indicates it is on the verge of breaking out.
The other other stock that Lee guided the panel to was
, which was down 10% in afterhours trading on word that its CFO was leaving for another company.
Karen Finerman said the CFO did a lot to turn around the company and looked at the pullback as an opportunity to get into the stock.
In after-hours trading,
(AA - Get Report)
reported a loss of $34 million, or 3 cents a share, from continuing operations that was in line with consensus analyst estimates.
Tim Seymour liked Alcoa's top line and said he would buy the stock at $8.50. Scott Nations, though, said Alcoa had an ugly chart and would have do a better job on margins, adding he didn't see "anything good here." Mike Murphy said Alcoa was a good way to play the global recovery and he would get into it on a pullback.
Lee asked the panel to provide their best picks in this market. Adami liked the rail sector, especially
Kansas City Southern
, which he said still has more to run after hitting an all-time high today.
, which he said had four "great quarters" last year.
Finerman liked the oil services space and
(JPM - Get Report)
, whose tangible book value is well less than 10 times earnings.