NEW YORK (TheStreet) -- The S&P 500 closed just 0.2% off its all-time high Monday. What will push stocks higher? Karen Finerman, president of Metropolitan Capital Advisors, says mergers and acquisitions activity. She explained on CNBC's "Fast Money" that an acquired company's stock rallies and its industry gets a boost, too. 

Tim Seymour, managing partner of Triogem Asset Management, disagreed, saying growth is taking stocks higher. The declining dollar will be beneficial to multinational companies while European economic data continue to improve. The market looks good at current levels and could use a catalyst to push it even higher. 

Bonds have not performed well. The iShares 20+ Treasury Bond ETF (TLT) - Get Report fell 4.8% over the past five trading sessions. It would be premature to say the bull market rally is over, said Guy Adami, managing director of These events can carry on much longer than many investors expect while rates can still head lower, he said, citing other countries' incredible low yields. Meanwhile, investors want to own stocks. 

Seymour said commodities appear to have bottomed. Copper and copper mining companies have been trading well, while oil prices are now increasing. If commodities are going higher with stocks and interest rates, investors may want to worry about bonds going lower, Finerman added. 

When it comes to fracking companies, Seymour said EOG Resources (EOG) - Get Report and Anadarko Petroleum (APC) - Get Report are "very efficient," even with oil at $50 per barrel. 

Pioneer Natural Resources (PXD) - Get Report has had a huge rally, from $130 to $180, and now many investors are likely waiting on the sidelines for a pullback, Adami said. The company reports earnings on Tuesday; if the results disappoint, the stock is likely headed lower, he said. 

Disney (DIS) - Get Report also reports earnings on Tuesday. Bears continue to complain about valuation, but the stock continues to rise, according to Adami. Shares seem likely to climb to $125 and any pullback along the way will likely be small. 

Seymour is long Disney and says the company continues to find ways to drive revenue out of its old franchises. However, he's growing more cautious because the stock continues to rally.  

Herbalife (HLF) - Get Report also reports earnings on Tuesday and Seymour called the stock a "no touch" headed into the results. Adami added that every meaningful rally has been an opportunity to sell.

Speaking on Facebook (FB) - Get Report was Laura Gonzalez-Estefani, head of international business development for Latin America at Facebook. She said fewer than 50% of Latin Americans have access to the Internet, and Facebook's goal is to bring more Internet access to these regions.

Brazil is a huge opportunity, she added, as it has over 212 million people and just 19 million monthly active users on Facebook. Part of the company's goal is to also teach these regions how to use the Internet so they can have increased access to education, basic financial services and health information. 

Brazil is a "hyper-social" country, Seymour said. Investors should stay long Facebook, which has incredible scalability. Adami added shares of Facebook have plenty of upside despite having sold off since reporting earnings. 

For their final trades, Finerman is buying the SPDR S&P Biotech ETF (XBI) - Get Report, Seymour is a buyer of the ProShares UltraShort 20+ Year Treasury Bond ETF (TBT) - Get Report and Adami said to buy Blackstone (BX) - Get Report

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