) -- The markets sold off Monday as investors cautiously prepared for the start of an earnings season.


Dow Jones Industrial Average

dropped 78.41, or 0.72%, to 10,751.27. The S&P 500 slipped 9.21, or 0.80%, to 1,137.03, while the


fell 26.23, or 1.11%, to 2,344.52.

Guy Adami said on


's "Fast Money" TV show that the market will remain intact if the S&P stays above 1,135. However, he said last Thursday's reversal bears watching.

Joe Terranova the market is trading along the path of a weak dollar. Zachary Karabell said the market is running on low volume and has moved in a trading range for the past five months. Karabell said strong earnings and potent cash flow might provide for good entry points into the market.

For a breakout of some stocks from a recent "Fast Money" TV show,check out Dan Fitzpatrick's "3 Stocks I Saw on TV."

3 Stocks I Saw onTV

varconfig = new Array(); config<BRACKET>"videoId"</BRACKET> = 624366629001;config<BRACKET>"playerTag"</BRACKET> = "TSCM Embedded Video Player";config<BRACKET>"autoStart"</BRACKET> = false;config<BRACKET>"preloadBackColor"</BRACKET> = "#FFFFFF";config<BRACKET>"useOverlayMenu"</BRACKET> = "false";config<BRACKET>"width"</BRACKET> = 265;config<BRACKET>"height"</BRACKET> = 255;config<BRACKET>"playerId"</BRACKET> = 1243645856;createExperience(config, 8);

Jon Najarian said Goldman Sach's downgrade of


(MSFT) - Get Microsoft Corporation (MSFT) Report

and the pullback of


(BIDU) - Get Baidu, Inc. Sponsored ADR Class A Report

might be good for a market that had been getting ahead of itself.

Lee amplified on Goldman's downgrade of Microsoft, pointing out the report citied Microsoft's weakness in the mobile device market and the threats to its PC business posed by the growth of tablets, especially the iPad.

Zachary said a strategy of dividends and buybacks would be the worst kind of catalyst for Microsoft. Stephen Weiss said Microsoft should make a change at the top, with the removal of Steve Ballmer. Weiss said Microsoft needs to buy growth but acknowledged that might be expensive. Terranova said Microsoft was "dead money" along with


(DELL) - Get Dell Technologies Inc Class C Report


Lee said gold, silver and palladium were slipping today. Terranova characterized it as a modest selloff, adding the trade marches on and advised investors to look at

Freeport McMoRan

(FCX) - Get Freeport-McMoRan, Inc. (FCX) Report


Najarian offered some words of caution. He said it might be safer to be in

SPDR Gold Trust ETF

(GLD) - Get SPDR Gold Trust Report

than in

Market Vectors Junior Gold Miners ETF

(GDX) - Get VanEck Vectors Gold Miners ETF Report

, which will accelerate two to three times faster to the downside, if gold prices fall.

Marc Chandler, head of currency strategy with Brown Brothers Harriman, sees dollar weakness before the November elections. He said the uncertainty will be lifted after the elections and fiscal policies will be addressed.

Lee referred to a story in the

New York Post


Sara Lee

( SLE) had received a bid from KKR but turned it down. Najarian said the company is opening itself for a class action for not disclosing that information and any other information regarding the sale of the company to its shareholders.

With the State Department issuing an alert over the weekend to travelers in Europe about a possible terrorist attack, Najarian briefly listed some stocks that benefit from the security trade. His suggestions included

Osis Systems

(OSIS) - Get OSI Systems, Inc. Report


ICX Technologies

( ICXT). and

American Science and Engineering


TheStreet Recommends


Lee referred to a bullish halftime call on


(F) - Get Ford Motor Company Report

from Morgan Stanley analyst Adam Jonas who based his reasoning in part on a strong increase in U.S. auto sales next year. Karabell was skeptical of the increase, saying it was an aggressive call. He also questioned whether auto purchases would be the best use of consumer spending at this time.

Lee brought in Vance Edelson, Morgan Stanley, to discuss

Republic Services

(RSG) - Get Republic Services, Inc. Report

, which is involved in waste management and garbage collection. He said the company is in a non-cyclical business that benefits from population growth in a situation where disposal facilities are limited. He also expects the company will benefit from a pick up from demolition work in the construction industry.

In the ear to wall segment, Lee broached the idea that


(WMT) - Get Walmart Inc. Report

might be next in line after


(TGT) - Get Target Corporation Report

to sell the iPad. Najarian said


(AAPL) - Get Apple Inc. (AAPL) Report

would love to be in the largest retail footprint in the world, while Karabell said he would love to be in the room with Wal-Mart and Apple executives when they pricing the iPad.

Andrew Heyward, a media consultant, thought highly of the iPad, saying it's where media is heading. Heyward, a principal with Marketplacenext, said the iPad combines content with convenience, while offering consumers the ability to customize the iPad suit their experiences.

In the under the radar segment, Weiss discussed

NII Holdings

(NIHD) - Get NII Holdings Inc Report

, which hit a 52-week high.

Weiss said the U.S. company gapped higher today on an an award of a wireless spectrum in Mexico. He said that award is significant because it will allow the company build a network with Televisa that will be able to have the iPad on it.

Weiss says the company is "dirt cheap," trading at 4.5 times 2011 earnings and reasonably valued. He said the company is well positioned to get in the on the early part of the cycle in the Latin American market.

In the final trades, Terranova liked

American Express

(AXP) - Get American Express Company Report

, saying the selloff was overdone. Adami liked


(RDWR) - Get Radware Ltd. Report

. Karabell liked


( ATHR). And Najarian liked the prospects for


(F) - Get Ford Motor Company Report


--Written by David Tong in San Francisco.

To contact the writer of this article, click here:

David Tong.

To follow the writer on Twitter, go to

To submit a news tip, send an email to:

To watch replays of Cramer's video segments, visit the Mad Money page onCNBC


Follow on


and become a fan on