NEW YORK (TheStreet) -- The SPDR S&P Retail ETF (XRT - Get Report) is up 4% in the past five trading sessions and 9.3% in the past month. The sector ETF climbed 1.3% on Monday as investors remain optimistic headed into the holiday season. 

On CNBC's "Fast Money" TV show, Guy Adami, managing director of stockmonster.com, said investors can stay long Michael Kors (KORS) and Kate Spade (KATE) . The stocks are well off the 52-week highs and can rally as long as the market holds up, he reasoned. 

"I wouldn't chase" most retail stocks at this point, said Dan Nathan, co-founder and editor of riskreversal.com. Sales are likely to be high due to promotions, but this will weigh on margins and earnings per share. However, Under Armour (UA - Get Report) seems poised to break out, he said. 

Tim Seymour, managing partner of Triogem Asset Management, agreed buying retail stocks after the big move higher isn't such a great idea. However, some will continue to do well including Apple (AAPL - Get Report) and Best Buy (BBY - Get Report) . 

Even though Apple is up 25% from its October lows, the stock continues to move higher and that doesn't appear likely to change, Nathan said. Adami agreed, saying Apple seems likely to rally into year's end. 

Shares of Gap (GPS - Get Report) have bounced nicely since reporting somewhat disappointing earnings results on Friday, said Karen Finerman, president of Metropolitan Capital Advisors. The selloff was "overdone," she added, and the stock looks good on the long side. 

Adami added that Foot Locker (FL - Get Report) needs to get back above $60 to be a stock investors can own on the long side. He is also a buyer of Abercrombie & Fitch (ANF - Get Report) over Aeropostale (ARO) .

SolarCity
(SCTY)  was upgraded by Ben Kallo, senior research analyst at R.W. Baird, to outperform with an $83 price target. He said investor sentiment is improving and the company can take additional market share next year.

SolarCity's cost advantage and scalability will help it take market share, and its falling acquisition costs will improving profitability. Oil accounts for less than 5% of global electricity, so it doesn't make sense for falling oil prices to weigh on solar stocks, he concluded. 

Seymour and Nathan agreed investors could buy the stock and use a stop-loss at $50. Nathan added that investors could use options as more risk-defined approach to being long the stock. 

Adami also said investors can buy SolarCity near current levels. However, he did acknowledge that oil prices continue to weigh on the stock, which could hurt its short-term performance. 

Dennis Gartman, editor and publisher of The Gartman Letter, said crude prices are more likely to fall into the $60s than rise into the $80s. OPEC will announce a production cut, likely between 1 million and 1.5 million barrels per day. However, OPEC members will continue to increase production after that. Sell any bounce in crude. 

Seymour is long PetroChina (PTR - Get Report)  saying it has a "a lot more room to rally." Oil prices are likely to rally into the OPEC meeting, he added. 

"I don't think oil prices will drop into the $60s," Adami said. Investors can buy Chicago Bride & Iron (CBI) . 

Shares of 3D Systems (DDD - Get Report) jumped 6% in after-hours trading following the company's announcement that it will acquire Cimatron (CIMT) for $97 million. Despite the stock's 60% drop in 2014, Adami said investors can take a shot at owning it. The valuation is a bit more reasonable following the selloff, he said. 

The short-interest in 3D Systems is really high, which could fuel a rally into the $40s, Nathan said. However, he wants to wait for a pullback into the low $30s before getting long. 

For their final trades, Seymour is buying the iShares MSCI France ETF (EWQ - Get Report) and Adami is buying Gap. Nathan is selling the XRT ETF and Finerman said investors should hedge their long position in Foot Locker by selling upside call options.

-- Written by Bret Kenwell 

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Bret Kenwell currently writes, blogs and also contributes to Robert Weinstein's Weekly Options Newsletter.