NEW YORK ( TheStreet) -- The markets closed higher on Monday with the start of a new earnings season. The Dow Jones Industrial Average was up 32.77, or 0.27%, to 12,329.69. The S&P rose 2.89, or 0.23%, to 1,280.70. And the Nasdaq was up 2.34, or 0.09%, to 2,676, 56. Melissa Lee, the moderator of CNBC's "Fast Money" TV show, started off the discussion with Juniper Networks ( JNPR), which cut guidance for revenue and EPS and indicated that router demand among service providers was softer than expected. 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 on TV
Guy Adami said his pick in the space would be Cisco ( CSCO), whose chart indicates it is on the verge of breaking out. The other other stock that Lee guided the panel to was Liz Claiborne ( LIZ) , which was down 10% in afterhours trading on word that its CFO was leaving for another company. Karen Finerman said the CFO did a lot to turn around the company and looked at the pullback as an opportunity to get into the stock. In after-hours trading, Alcoa ( AA) reported a loss of $34 million, or 3 cents a share, from continuing operations that was in line with consensus analyst estimates. Tim Seymour liked Alcoa's top line and said he would buy the stock at $8.50. Scott Nations, though, said Alcoa had an ugly chart and would have do a better job on margins, adding he didn't see "anything good here." Mike Murphy said Alcoa was a good way to play the global recovery and he would get into it on a pullback. Lee asked the panel to provide their best picks in this market. Adami liked the rail sector, especially Kansas City Southern ( KSU), which he said still has more to run after hitting an all-time high today. Murphy liked Cummins ( CMI), which he said had four "great quarters" last year. Finerman liked the oil services space and JPMorgan ( JPM), whose tangible book value is well less than 10 times earnings.