NEW YORK ( TheStreet) -- The markets rallied into the weekend despite the government failing to resolve the current shutdown.
"Fast Money" TV show, the panel discussed
top picks based on potential upside. Tim Seymour said his favorite is
, adding that its valuation is compelling and it has about 32% upside from current levels.
Steve Grasso said he likes
, which has up to 70% upside. He added that crude oil is its only input cost, and that continues to get cheaper.
is the top pick of the list for J.C. Parets. He said the stock has consolidated nicely and looks ready to run higher again.
Guy Adami said his top pick is
Abercrombie & Fitch
, which reported terrible earnings in the second quarter. He added that with a high short interest, any good news could quickly send the stock to $40.
Digging up the very long-term charts for
, Parets said he would be a seller of the stock based on its past performance near current levels.
Adami disagreed, saying that as long as market pricing stays strong for Micron, the stock should continue to move higher.
Chief Investment Strategist Ross Koesterich was a guest on the show and said he mostly expects companies to beat on the bottom-line while struggling with top-line growth this earnings season.
He added that markets don't seem too worried about the government shutdown but could become volatile if it goes to the brink. He likes U.S. mega-cap stocks, energy, technology and emerging markets.
With earnings season starting next week, Adami said the third quarter will likely be disappointing, even though the market's price action doesn't indicate that.
Seymour said he wouldn't be a buyer of
, despite hedge fund manager Dan Loeb's activism. However, he added that there is value in the company and as a result, the stock could go higher.
Grasso said that
will continue its march higher once the news of the burning Model S battery clears away.