NEW YORK (TheStreet) -- The broader market was essentially unchanged on a slow Monday of trading.
Regarding the market entering "bubble territory," Tim Seymour, managing partner of Triogem Asset Management, said on CNBC's "Fast Money," that the market isn't necessarily in a "bubble" yet, but that it is starting to become a bit worrisome.
He added that the amount of IPOs flooding the market could be a cause for concern.
Josh Brown, a financial adviser at Ritholtz Wealth Management, reminded investors that the retail "mom and pop" players haven't been in the market for a while, so the rush to get in isn't that surprising.
Guy Adami, managing director of stockmonster.com, said there are still a few solid secular trends playing out and he liked Visa (V - Get Report) and Mastercard (MA - Get Report). He warned investors to be careful with biotech stocks.
Seymour said the valuation for consumer staples is getting stretched, especially compared to their growth rates. He likes companies with exposure to emerging markets, like Pepsico (PEP - Get Report) and Mondelez (MDLZ, and would be a seller of Doctor Pepper Snapple (DPS and General Mills (GIS - Get Report).
Brown called consumer staples the "ultimate irony" because it is considered the "safe-haven" of equities, but will likely feel a lot of pain when interest rates rise and money starts to flow out the stocks.
Liz Dunn, associate director of Macquarie Capital, was a guest on the show who said J.C. Penney (JCP - Get Report) has enough liquidity to make it though most of 2014 and needs to maintain positive comp-sales. She added that she's cautious on Kohl's (KSS - Get Report) and preferred more luxurious brands like Polo Ralph Lauren (RL - Get Report), Coach (COH, and Nordstrom (JWN - Get Report).
Karen Finerman, president of Metropolitan Capital Advisors, said she liked Coach because of its strong balance sheet, despite the stock having a bumpy 2013.
Tesla Motors (TSLA - Get Report) bounced back after several volatile sessions and Brown said to let the charts set back up before getting long. Adami added that there seems to be support near $140, but investors should let the stock consolidate for a few more days.
Deckers Outdoor (DECK was the first stock on the show's "Pops & Drops" segment and Finerman noted Piper Jaffray upgraded its price target to $100.
E-Commerce China DangDang (DANG jumped 11% and Seymour said market participants are looking for a better-than-expected earnings result later this week.
Rackspace Hosting (RAX disappointed on earnings and Adami said the stock could trade down to $40 per share, given the short-interest.
Dennis Gartman, editor of The Gartman Letter, was a guest on the show who said bonds look like they might be headed for a bear market and have put in a massive "top." He is bullish on equities, copper, and shipping and rail stocks. He added that the economy seems to be recovering nicely.
D.R. Horton (DHI - Get Report) also reports on Tuesday and Adami said the company needs to say something positive, because below $17.50 per share, the price action could get ugly with an 18% short-interest.
Finerman said Clean Energy Fuels (CLNE - Get Report) is a good way to play natural gas, along with Apache (APA - Get Report), Southwestern Energy (SWN - Get Report) and Chesapeake Energy (CHK - Get Report).
For their final trades, Adami said to buy KSS and Finerman suggested selling upside calls against a long position in Macy's (M - Get Report). Seymour said to sell DPS and Brown said to buy Google (GOOG - Get Report).
-- Written by Bret Kenwell in Petoskey, Mich.