NEW YORK (TheStreet) -- After the August jobs report was released on Friday morning, markets fell lower, then ripped higher before ultimately closing flat.

The market tried to digest a lot of information on Friday, including the potential taper or non-taper from the Federal Reserve and the rising geopolitical tension over Syria.

On CNBC's "Fast Money" TV show, Guy Adami said the S&P 500 has done a good job holding support near 1,625. He added that we could have some more room to the upside and he likes Macy's ( M - Get Report) and the SPDR Homebuilders ETF ( XHB - Get Report) above $28.

Jim Lebenthal said Syria is a short-term market disruption and is giving investors an opportunity to buy into the market before it goes higher in the fourth quarter.

Steve Grasso said he is a buyer of the market and thinks housing stocks are a buy. He's long D.R. Horton ( DHI) and likes Home Depot ( HD - Get Report).

Brian Kelly said Friday was incredibly volatile, especially when looking at multiple asset classes. He added that it appears to be safe to buy bonds.

Dan Greenhaus, chief global strategist at BTIG, was a guest on the show and said that the Fed actually should taper. However, he added the central bank should only trim its bond purchases by $8.5 billion to $10 billion per month, just to show it will actually do it. As to rising bond yields, he said the stock market has continued to rise with them, and he wants to be overweight technology, industrials and health care stocks.

Shares of Ford ( F - Get Report) fell on Friday, on reports that CEO Alan Mulally may retire earlier than expected. There has been speculation that he would go to Microsoft ( MSFT - Get Report) to replace current-CEO Steve Ballmer.

Lebenthal said he would not buy Microsoft, but still likes Ford. Adami added that some other auto plays, such as BorgWarner ( BWA - Get Report) and AutoNation ( AN - Get Report), have been doing well.

J.C. Penney ( JCP - Get Report) was the first stock on the show's "Pops & Drops" segment. Lebenthal said he wanted to see the next earnings report before taking a position.

Facebook ( FB - Get Report) jumped 6% and Adami said the upside momentum should continue. He added that he would look to sell just before the earnings release.

BlackBerry ( BBRY) popped 7%. Kelly said that traders should use the pop to get out of their long position.

Newmont Mining ( NEM - Get Report) fell 4%, but Grasso said the gold miners should hold up fine because the Fed's taper -- if it happens -- will not likely be strong enough to slow down gold's momentum.

Rumors surfaced late on Friday afternoon that Apple ( AAPL - Get Report) would be shipping iPhones over to China ahead of a yet-to-announced deal with China Mobile Limited ( CHL).

Kelly said this is old news and the market has already begun to price in a deal between the two. He added the stock is vulnerable down to $440, but he would be a buyer on the dip.

Adami said that $465 is his downside target if the stock begins to breakdown, but added that it could run to $515 or $520 as well.

Lebenthal said he is a huge fan of the stock, because of the strong balance sheet and low valuation.

Delta Air Lines ( DAL - Get Report) jumped 5% after Friday's close, on the news that it will replace BMC Software ( BMC) in the S&P 500. Lebenthal said he continues to like the airlines, due to their profitability and strong management.

Adami said the pullback in Church & Dwight ( CHD - Get Report) looks interesting after finding resistance near a double-top in the charts. He added that he would be a buyer after it pulls back slightly from this level.

For their final trades, Kelly was taking profits in Apache ( APA - Get Report) and Grasso said to buy Google ( GOOG - Get Report). Lebenthal was a buyer of United Continental ( UAL - Get Report) and Adami was buying ConocoPhillips ( COP - Get Report).

-- Written by Bret Kenwell in Petoskey, Mich.

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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.