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'Fast Money' Recap: Opening the Oil Spigot?

Seymour took a look at Chinese growth in general, saying that it is very impressive. He likes Baidu (BIDU), Vipshop (VIPS), and Tencent Holdings. 

Adami said investors should stay long Yahoo!. As long as Alibaba's valuation comes in above $150 billion, which he thinks it will, then shares of Yahoo! should trade "north of $40." 

Dennis Gartman, editor and publisher of The Gartman Letter, pointed out the United States is becoming more self-sufficient in regards to energy, and part of that is because of fracking. He is a buyer of the suppliers to fracking, which has large demand for water and sand. Gartman likes Hi-Crush Partners LP (HCLP), a sand supplier, which also has an attractive dividend. 

He added that the spread between brent crude oil and WTI crude oil is likely to widen, with the price of brent moving higher. He argued the price of oil looks like to be a little "pressed" on the upside, considering headlines from Iraq are sending prices higher, despite the fighting and conflicts not happening near the oil production facilities. 

Adami said he would stay long Apache (APA), which could be headed toward $100 to $105 per share. 

Seymour took a look at emerging markets via the iShares MSCI Emerging Markets ETF (EEM), which is near 30-month highs. It's running into resistance near $45 but Seymour thinks it will continue through this level and he is a buyer if it is able to breakout.

Tesla Motors (TSLA) jumped 8.5% after the company said the Model X will be available for delivery in the first quarter of 2015. Seymour said this news shouldn't matter because this information was already assumed. He added that Monday's price action was likely follow through from Friday when the company opened up its patents for other companies to see, allowing more advancements in the electric vehicle space. 

Seymour added he is not a buyer of this "ridiculously priced" stock, but also said he would never sell it short either. 

Grasso pointed out the company not only makes environmentally-friendly, electric cars, but vehicles that people actually want to drive, too. 

Grasso said investors can stay long Microsoft (MSFT) at current levels. 

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