NEW YORK (TheStreet) -- The S&P 500 erased Monday's losses with a strong Tuesday, finishing the session higher by 1.50%.
On CNBC's "Fast Money" TV show, Josh Brown, CEO and co-founder of Ritholtz Wealth Management, noted that 490 of the 500 stocks in the S&P 500 closed higher Tuesday. The financial sector was exceptionally strong, too.
Tim Seymour, managing partner of Triogem Asset Management, said to sell gold and buy equities while purchasing volatility as a hedge.
Brian Kelly, founder of Brian Kelly Capital, said investors should not try to trade geopolitical issues since it is impossible to know what the outcome will be. He is a buyer of gold, arguing that it has strong demand from China.
Pete Najarian, co-founder of optionmonster.com and trademonster.com, noted the upside call selling in the Chicago Volatility Index (VIX.X) (bearish on volatility), the downside put selling on the iShares MSCI Emerging Markets ETF (EEM) (bullish on emerging markets) and the downside put selling on the Market Vectors Russia ETF (RSX) (bullish on Russia). He is a buyer of U.S. equities.
Facebook (FB) is in talks to buy Titan Aerospace for $60 million. Mike Isaac, senior editor at Re/Code, was a guest on the show discussing the possible acquisition. He likes the potential deal, saying it would help the company achieves its Internet.org goal of bringing Internet access to the entire world. Google (GOOG) has a similar initiative. Doing so could be beneficial to the companies years down the road, as these underdeveloped economies become more developed, he concluded.
Seymour said he is a seller of European telecom companies such as Telefonica (TEF), Telenor and TeliaSonera.
Najarian is a buyer of Facebook.
General Electric (GE) CEO Jeffrey Immelt used his entire $2.6 million cash bonus to purchase shares of GE. Seymour said it's good to see a company's leader make a move like that. He likes the stock for its aviation and services segments, as well as its rebounding GE Capital segment.
Najarian is a buyer of Disney (DIS) because of CEO Bob Iger and its strong content portfolio.
Tesla Motors (TSLA) will build 30 more Supercharger stations in Europe, adding to the 14 current stations. Najarian said the stock continues to trade very well.
Seymour argued that it will be very hard for Tesla shares to move from $250 to $300 because most short-sellers have left the name (eliminating short-squeeze potential) and since the valuation is already stretched too far.
Brown agreed with Seymour on the high price, given how long it will take for the company's big plans to take effect.
CNBC's John Jannarone was a guest on the show. He said the potential acquisition of Lorillard (LO) by Reynolds American (RAI) "makes a lot of sense." It would be huge operational cost savings for the company to do the acquisition, he said. The deal could face regulatory hurdles, he admitted, and even after the deal the company would have less market share than Altria (MO).
Brown didn't seem to favor the tobacco stocks because they seem overvalued on a price-to-earnings basis.
Daniel Ives, managing director at FBR Capital Markets, said cyber attacks could increase, especially from Russia. He said these are very serious threats for large U.S. enterprises. The stock that could benefit the most from companies trying to prevent these attacks is FireEye (FEYE), he concluded.
Kelly is not an investor in FireEye, but a trader. He suggested traders watch the name and quickly buy it when reports of a large cyber attack hits the news.
Kelly said spiking commodity prices could actually be a good thing for farm equipment manufacturers since farmers will have more money to spend. He likes Deere at current levels.
Qualcomm (QCOM) was the first stock on the show's "Pops & Drops" segment. Based on the boosts to the dividend and share buyback plan, the stock should continue higher, according to Najarian.
Cliffs Natural Resources (CLF) fell 2%. Kelly said he was not a buyer but admitted that investors with long positions "probably won't get hurt" at current levels.
Intuitive Surgical (ISRG) fell 1% on a downgrade to hold from buy at Cantor Fitzgerald. Brown disagreed with the downgrade but didn't say whether he was a buyer or a seller of the stock.
Najarian said he likes Yahoo! (YHOO) based on the strong call option buying and its stake in Alibaba.
Will Hassell, contributor to the Leaders Investment Club, was a guest on the show. He's a buyer of Under Armour (UA) and Michael Kors (KORS) based on the companies' strong earnings beats. Regarding UA, he said its lack of overseas presence should be a growth driver in the future.
-- Written by Bret Kenwell in Petoskey, Mich.Follow @BretKenwell