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'Fast Money' Recap: A Brief Nasdaq Stay Above 4,000

NEW YORK (TheStreet) -- Stocks essentially finished flat on Monday to start off the holiday-shortened trading week. The Nasdaq briefly topped 4,000 for the first time in 13 years. 

Guy Adami, managing director of, said investors can stay long Celgene (CELG) because of its strong balance sheet and growth. 

Josh Brown, a financial adviser at Ritholtz Wealth Management, said he prefers solar stocks such as First Solar (FSLR) and pointed out the flat revenue growth in large-cap tech names like Intel (INTC) and Cisco Systems (CSCO)

Jon Najarian, co-founder of and, advised investors not to short biotech stocks and said he likes Chinese Internet stocks Baidu (BIDU) and Sina (SINA)

Must Read: 'Fast Money' Recap: The Markets Roar Back

Stuart Frankel & Company's Steve Grasso said his top pick is Google (GOOG), which should continue moving higher into the first quarter of next year. He also likes Yahoo! (YHOO) and a half-sized position in Twitter (TWTR)

Regarding TWTR, Adami said it seems likely to trade down to about $35. 

Qualcomm (QCOM) is being investigated by China for a possible infringement of the Anti-Monopoly Law, although some are saying it's to get better pricing power on the company. James Faucette, senior research analyst at Pacific Crest Securities, was a guest on the show and said it could shave off 25 cents to 50 cents in annual earnings, but is unlikely to have any effect. 

Adami said there's definitely risk in the stock, especially at $73, despite it not being overly rich in valuation. 

Brown said the bigger risk to QCOM is a slowdown in the smartphone and tablet market. He added the stock seems okay right now and investors "will know" when sellers retake control of the stock price.

Najarian suggested the stock was reasonably valued and could outperform the market over the next six months since it's been a laggard throughout 2013. 

Nuance Communications (NUAN) provided poor guidance in its earnings report and Najarian said the stock was a buy at $15 and is going long by selling put options. 

Adami said eBay (EBAY) looks to be breaking down and he would not be a buyer. 

Brown said investors should forget about retailers and buy Visa (V) and MasterCard (MA) if they think the holiday season is going to be strong.  

Grasso likes Compass Minerals (CMP) because it too often gets sold off with potash stocks, but really benefits from its salt mining. 

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