NEW YORK (TheStreet) -- After two straight weeks of losses, the industrials helped push the market higher on Monday, with Honeywell
(HON - Get Report), General Electric
(GE - Get Report), 3M
(MMM - Get Report) and Caterpillar
(CAT - Get Report) all showing signs of strength.
On CNBC's "Fast Money" TV show, Guy Adami, managing director of stockMONSTER.com and head of Advantage Point, said, "We've liked a lot of these names." He thinks GE has a lot of upside left to it.
"These names are showing life again, and for good reason," he said. "I think they all still have room. The best one out of the lot for me still is Honeywell."
Pete Najarian, co-founder of optionMONSTER and tradeMONSTER, recommended Boeing
(BA - Get Report) "if you're looking around in this space."
"I love it," he said. "I've loved it for a long time. I think it's going higher. There were some options in there today that tell me it's going higher quick."
Dan Nathan, co-founder and editor of RiskReversal.com
, said: "To me another sector that maybe there's been a rotation out of into the industrials is consumer staples. If you look at the Consumer Staples Select Sect. SPDR
, which is the ETF that tracks the staples, it's lagged. It's about two and a half percent off the recent highs here."
Karen Finerman, president of Metropolitan Capital Advisors, said she likes General Motors
. "That's the kind of name I'm going to stick with," she said.
Dennis Gartman of the Gartman Letter
was asked if he thought the Fed
would begin to taper after it's meeting this week.
"No, I really don't think it's going to happen on Wednesday," he said. "I think there will be a great deal of debate. I think it's far more likely to pass the baton on to the next regime, which happens after another meeting. And I think it's logical for them to exactly that."
He said that when the Fed makes a change in policy it wants to maintain that position for months and months or even years. "Nobody wants to reduce the amount of accommodation and then have bad numbers come out and have a new Fed chairman reverse that situation," Gartman said.
He said he thinks "the economy is on reasonably good firm footing" and "the Fed will make the decision after the turn of the year to reduce the amount of accommodation."
Nathan said, "I think people think that the taper next year is going to cause more volatility than we've had this year."
Najarian agreed, adding, "There's some nervousness going into this meeting."
Steven Grasso, director of institutional sales at Stuart Frankel, joined the panel on the Fast Line and was asked about Twitter's more than 4% drop on Monday after it analysts downgraded the stock.
"So today we all saw the momentum coming out of the trade," Grasso said. "It was to be expected when you get downgrades like that in a momentum name like Twitter you should see some sell side. But for me with a stock that's been up 30% in a short period of time, since I've been in, I had to lock in the profit."
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