NEW YORK (TheStreet) -- The broader markets closed lower, led by small-cap stocks.
On CNBC's "Fast Money" TV show, Karen Finerman, president of Metropolitan Capital Advisors, said she continues to like her long S&P 500/short iShares Russell 2000 ETF (IWM) position and added that the two indices should continue to converge.
Stuart Frankel & Company's Steve Grasso said it's unlikely for investors to be scared out of stocks due to tapering fears, but he would welcome a pullback to buy.
Guy Adami, managing director of stockmonster.com, said the market could have pushed higher but has pulled back the previous two sessions. He is targeting the mid-1,700s in the S&P 500.
For their best end-of-the-year trades, Brian Kelly, founder of Brian Kelly Capital, likes Golar LNG Limited (GLNG). He said investors need to look for stocks that have underperformed the broader market and have near-term positive catalysts.
Grasso said BlackBerry's (BBRY) refusal to split up the company is making it hard for the stock price to rally. Adami said investors should look to sell the bounces rather than buy the dips in the stock.
Adami said he is willing to miss out on upside potential in Twitter (TWTR) in order to wait for a pullback to the mid-$30 range.
Adami also said he wouldn't short the 3-D printing stocks such as 3D Systems (DDD) or Stratasys (SSYS) because they have had decent pullbacks and have high short interest. Instead, he suggests investors should go long and hope for continued momentum.
Grasso also likes the 3-D printing space but is playing via a long position in Hewlett-Packard (HPQ).
Bob Doll, chief equity strategist and senior portfolio manager at Nuveen Asset Management, was a guest on the show. He said 2014 should have good earnings and economic growth, which is why he likes the industrial sector and select technology and consumer stocks. He concluded that we are not in a bubble, which has over-ownership, overvaluation and over-leverage -- none of which is prevalent in today's market.
Adami said he would be a buyer of Dow Chemical (DOW) on a breakout over $42.
Michael Small, president and CEO of GoGo (GOGO) was a guest on the show and said the company is expanding internationally. He suggested there is three times the growth opportunity outside the U.S. and his company will benefit from increased airline partnerships.
Kelly said the stock is breaking out and traders can buy it, but need to know when to take profits, especially on big up days.
Grasso suggested that competition could increase quicker than investors think and he is avoiding the stock. Adami added that the analysts have not liked the name and it's too hard to buy the stock up 17% in one day.
Kelly said he did not like regional banks, such as SunTrust Banks (STI), because they are fairly valued.
Grasso said he is not a buyer of Yelp (YELP), based on the current technical data.
Finerman noted that the share price for J.C. Penney (JCP) is a lot cheaper than one year ago, but it wasn't any cheaper based on valuation and she is not a buyer.
Adami said it feels like there is more upside in Southwest Airlines (LUV) and suggested the stock could run into the low-$20s ahead of its earnings report in January. However, his top pick in the industry is JetBlue Airways (JBLU).
-- Written by Bret Kenwell in Petoskey, Mich.