NEW YORK (TheStreet) -- With the first quarter of 2015 in the books, investors are turning to the next quarter of trading. However, on CNBC's "Fast Money" TV show, Tim Seymour, managing partner of Triogem Asset Management, says he doesn't expect much to change.
The U.S. dollar, oil prices and the Federal Reserve will remain in focus among most investors and so investors should stick with consumer-related plays and expect the dollar to continue higher. He's also bullish on European stocks.
The health care sector continues to move higher, up 6% on the year so far. Pete Najarian, co-founder of optionmonster.com and trademonster.com, is bullish on the sector, saying the pipelines are strong and the stocks have reasonable valuations.
With the CBOE Volatility Index I:VIX at its current levels, Najarian added that it would be a good idea to buy portfolio protection.
The Federal Reserve is expected to raise rates, but Brian Kelly, founder of Brian Kelly Capital, is skeptical that the economy can continue to grow at an impressive rate. If this Friday's labor report is better than expected, it could push the U.S dollar higher.
Ultimately, the dollar will likely keep rallying and oil prices will keep falling, said Guy Adami, managing director of stockmonster.com. For that reason, investors can stay long refiners such as Tesoro (TSO) and Valero Energy (VLO) - Get Report. He is not a buyer of integrated oil stocks like Exxon Mobil (XOM) - Get Report and believes the Energy Select Sector SPDR ETF (XLE) - Get Report is also headed lower.
Seymour disagreed, saying investors can start to take long positions in integrated oil stocks if they have a long-term time horizon. He likes Anadarko Petroleum (APC) - Get Report, EOG Resources (EOG) - Get Report and Hess (HES) - Get Report.
Dennis Gartman, editor and publisher of The Gartman Letter, says it is no longer time to be short crude oil but he didn't think it was time to necessarily be long oil either. He reasoned that investors can buy tanker stocks, which store crude oil offshore. Because Iran and Nigeria may ramp up oil production and because Saudi Arabia is hell-bent on maintaining market share, oil prices could move lower, he said.
The conversation turned to Tesla Motors (TSLA) - Get Report after Chris Verrone, head of technical analysis at Strategas, said the stock looks like it's headed lower. Shares have fallen below the trend line that first formed in 2012 despite strength in the auto sector. The stock could bounce to $200, where he would be a seller, and said it could drop to $150.
Seymour agreed, saying the valuation will continue to weigh on Tesla. He sees shares dropping below $180. However, $180 continues to act as strong support and down near current levels, Adami sees the stock attractive on the long side as long it stays above $177.
The traders compared Facebook (FB) - Get Report and Salesforce.com (CRM) - Get Report and if forced to buy just one, all would buy Facebook. Seymour says he didn't like Salesforce's most recent quarter while Facebook continues to monetize its platform.
Kelly added that Facebook's management has done a great job growing the company and its efforts in mobile continue pay off. Najarian likes Facebook's scalability, with over 1.4 billion monthly active users on its platform.
For their final trades, Kelly is buying the iShares 20+ Year Treasury Bond ETF (TLT) - Get Report and Najarian is a buyer of Twitter (TWTR) - Get Report. Adami said to buy Blackstone (BX) - Get Report and Seymour is buying Telefonica (TEF) - Get Report.