The U.S. stock market finished Tuesday in the green despite bad news from financial services companies and rising oil.

On CNBC's "Fast Money" TV show, the traders discussed earnings reports from Cisco ( CSCO - Get Report) and Disney ( DIS - Get Report).

Cisco's earnings were solid, but the company offered slightly light guidance for revenue. Jeff Macke said that CEO John Chambers tends to be a "wild card" on the conference call. Macke said Chambers is sandbagging a bit on guidance.

Pete Najarian said Cisco has set up over the past couple weeks as other tech names reported earnings. He said Juniper ( JNPR - Get Report) is a good way to piggyback off Cisco's earnings. He also observed that Cisco appears to be holding on to gains it has made in the past two weeks.

3 Stocks I Saw on TV

Regarding Disney, Macke said the numbers "crushed." He said that the company has improved operating results in theme parks, improving the amount the business contributes to the bottom line.

Guy Adami said he'd rather own Disney than Cisco. Karen Finerman agreed, saying she understands Disney's business better. Adami said Cisco shares have had a "monster run." He said the quarter was fine but recommended trading profits. On the other hand, Disney is still compelling on a valuation basis, he said.

Najarian said there is a lot of room to the upside for Cisco. He said investors have begun buying into financials and tech.

Macke said Disney is cheap on a valuation basis and compared the stock to Apple ( AAPL). He said both companies are on a remarkable creative roll. Najarian said he likes both companies but prefers Cisco.

Fannie Pack

Fannie Mae shares opened lower today then flipped to the upside. Finerman said the company's earnings report was "horrific," but no one cares. She pointed out that the company is raising $6 billion in capital and cut its dividend. She applauded the dividend cut, saying the company can better use that capital in other areas. She said her fund sold Fannie Mae shares today.

Macke said the quarter was a "mess," but the stock went higher. He said that the catalyst on the short side is dead in the financials.

Oil Stays Slick

Oil hit $122 a barrel today. Adami said that demand for the commodity is inelastic. He said that FedEx ( FDX - Get Report) was up 2.25% today, and he believes it will perform well in the second half. He also said people who want to play oil should stick with Baker Hughes ( BHI), Schlumberger ( SLB - Get Report) and Halliburton ( HAL - Get Report).

Najarian recommended the Oil Service HOLDRS ( OIH - Get Report), but said to stay away from the refiners. He said in that natural gas company Anadarko ( APC) crushed numbers today, bringin up Devon and Chesapeake Energy with it.

Najarian noted bullish option activity in El Paso Energy He also said an insider bought 50,000 shares on May 1.

Macke recommended the U.S. Oil Fund ( USO - Get Report). He said that investors should trade commodities off the charts, and the U.S. Oil chart looks very bullish.

Yahoo!'s Tough Crowd

Yahoo! ( YHOO) traded higher today. Finerman said the company announced a date for its annual meeting, which it will hold May 15. She said Yahoo!'s board is extremely unfriendly to shareholders. She predicted that shareholders would do something to check the board's actions.

In biotech, Adami recommended buying Merck ( MRK - Get Report) at these levels with a stop at $36.50.

The traders welcomed WWE ( WWE) CEO Linda McMahon to the show. She said investors were a little weary of her company's expenses tied to international expansion. She predicted a return on the investment.

To discuss the recent surge in oil prices, commodities analyst Joe Terranova joined the show. He said he remains bullish and that investors should either get long gold or stay on the sidelines. Macke said that consumers will be able to adjust to the rising price of gasoline because it's sufficiently gradual. Terranova also recommended being long natural gas.

Haunted Housing

The traders discussed whether the housing crisis is over. Finerman said that she believes it is to a degree. She said if she were to invest in housing stocks she would own MDC ( MDC) and Centex ( CTX) but stay away from Hovnanian ( HOV). She said the SPDR S&P Homebuilders ( XHB) would be the cleanest way to play the sector, and also recommended USG Corp. ( USG).

Adami said he prefers Home Depot ( HD), which has a great balance sheet.

Macke said the homebuilders will hit a bottom when everyone stops asking when they will bottom. This happened in the chip names, he said. He recommended avoiding the sector.

The Check is in the Mail

The traders then debated whether the retailers would rally on the government's stimulus package. Macke said that the outlook for the retailers looks good but recommended waiting for a pullback. He said Wal-Mart ( WMT) hasn't offered an opportunity, yet but April same-store sales might offer an opportunity. He said he likes Wal-Mart at $55.

Finerman said March was very bad, so investors set the bar very low for April. She said the weather was good, so she will be long some retails into that sales number. She said she likes J.C. Penney ( JCP), Children's Place ( PLCE) and American Eagle ( AEO).

Najarian said he likes incentive plans from Wal-Mart and Sears Holdings ( SHLD) to get consumers to spend their rebate checks in their stores.

Adami said he likes MasterCard ( MA) for a retail trade.

Trader Radar

Scotts Miracle Gro ( SMG) traded on extraordinary volume today.

Macke explored the ups and downs of investing in family businesses. He said that families with control of public companies often hurt shareholders. He said that some shareholder-friendly companies have been WWE, Comcast ( CMCSA) and Wrigley .

Macke also said that over generations, the families in control often become worse at running businesses. He said Bill Ford wasn't as good at running Ford ( F) as Henry Ford was, for example. He said he likes Ford now that it has new management.

Adami said that Anheuser-Busch ( BUD) is a good company. He also recommended WWE.

Finerman said that family-owned companies are almost always bad news. Najarian said he likes Anheuser-Busch and WWE.

Final Trade

Macke recommended the Financial Select Sector SPDR ( XLF). Adami picked Merck. Finerman selected Kaiser Aluminum ( KALU). Najarian chose Apple.