NEW YORK (TheStreet) -- The Dow Jones Industrial Average closed at an all-time high as the markets roared higher once again.
Jon Najarian, co-founder of optionmonster.com and trademonster.com, said if China starts to do well, then Sina (SINA) - Get Report, Qihoo 360 Technology (QIHU) and the iSharesChina Large-Cap ETF (FXI) - Get Report should all do very well.
Karen Finerman, president of Metropolitan Capital Advisors, said that not all stocks are going up and down in unison. She added that many stocks are now trading based on the fundamentals.
Dan Nathan, co-founder and editor of riskreversal.com, agreed with Finerman, pointing out the weakness in big tech names like InternationalBusinessMachine (IBM) - Get Report and CiscoSystems (CSCO) - Get Report.
Pandora (P) fell after reporting earnings and Nathan said to buy it the mid-$20s.
Mary Epner, a retail analysis principal, was a guest on the show and said she liked RossStores, (ROST) - Get Report, despite its earnings report. She said the luxury market and discount stores are still doing well, while middle-priced markets aren't faring as well. She said companies like Polo Ralph Lauren (RL) - Get Report and Michael Kors (KORS) should continue to do well. Epner stressed that jewelry, accessories, shoes and athletic apparel should do well.
Seymour said BAC could get to $19.
The Fresh Market (TFM) missed on the top and bottom lines and Nathan said the industry seems expensive because competition continues to increase.
Finerman said she does not like to buy ahead of big events, such as LionsGateEntertainment's (LGF) Hunger Games: Catching Fire debut. Instead, she called it a "buy-the-rumor, sell-the-news" type of event.
For their final trades, Najarian is buying DollarGeneral (DG) - Get Report and Seymour suggested investors trim long positions in CliffsNaturalResources (CLF) - Get Report and WalterEnergy (WLT) . Finerman is a buyer of FL and Nathan said to short IBM via long put options.
-- Written by Bret Kenwell in Petoskey, Mich.
Bret Kenwell currently writes, blogs and also contributes to Robert Weinstein's Weekly Options Newsletter. Focuses on short-to-intermediate-term trading opportunities that can be exposed via options. He prefers to use debit trades on momentum setups and credit trades on support/resistance setups. He also focuses on building long-term wealth by searching for consistent, quality dividend paying companies and long-term growth companies. He considers himself the surfer, not the wave, in relation to the market and himself. He has no allegiance to either the bull side or the bear side.