Shifting to the trading the globe segment, Seymour said the emerging market trade, which played catch-up late in the first quarter, looks good in the second. He said he would be in stocks like Market Vectors: Russia ( RSX) and iShares MSCI Brazil ( EWZ).

Looking at the "fine print" of the eBay's ( EBAY) deal for GSI Commerce ( GSIC), Finerman said the deal didn't pass the smell test for her because it excluded a number of assets worth $500 million.

She said the GSI Commerce's CEO was allowed to buy those assets, putting up only $31 million in equity and eBay lending the rest. She sharply criticized GSI Commerce's board for not doing a better job of shopping around those assets.

The chart of day was on Apple ( AAPL), which appears to be topping out as the stock has been rebounding off lower highs. Kelly said he thinks highly of the company, adding the stock looks interesting at $340.

Terranova said he was long Apple puts, adding the June quarter will show how supply challenges affected the company. Seymour said Apple is not broken but clearly has a high bar to clear.

In the final trades, Terranova said he had puts on IntercontinentalExchange ( ICE) and CME Group ( CME). Finerman liked JPMorgan ( JPM) trade. Kelly liked PowerShares DB Agriculture Fund. And Seymour liked General Motors ( GM), saying it was cheap at 5.5 times earnings.

--Written by David Tong in San Francisco.

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