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NEW YORK (
TheStreet) -- 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
S&P rose 2.89, or 0.23%, to 1,280.70. And the
Nasdaq was up 2.34, or 0.09%, to 2,676, 56.
Melissa Lee, the moderator of
CNBC's "Fast Money" TV show, started off the discussion with
Juniper Networks(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."
3 Stocks I Saw on TV
Guy Adami said his pick in the space would be
Cisco(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
Liz Claiborne(LIZ) , 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,
Alcoa(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(KSU), which he said still has more to run after hitting an all-time high today.
Cummins(CMI), which he said had four "great quarters" last year.
Finerman liked the oil services space and
JPMorgan(JPM - Get Report), whose tangible book value is well less than 10 times earnings.