NEW YORK (TheStreet) -- After a late afternoon selloff the S&P 500 was able to bounce higher, closing up 0.82%.
On CNBC's "Fast Money" TV show, Karen Finerman, president of Metropolitan Capital Advisors, said Citigroup's (C - Get Report) earnings report was much better than expected. She added that she was still long the stock, and was buying JPMorgan Chase (JPM - Get Report).
Dan Nathan, co-founder and editor of riskreversal.com, said Citigroup could be "dead money." He suggested the stock may remain rangebound between $45 to $50.
Brian Kelly, founder of Brian Kelly Capital, said he does not want to be long financial stocks. He would rather be long steel stocks if the economy begins to pick up again.
Finerman argued the financial companies are very cheap on a price-to-earnings basis, meaning the stocks can go higher if the economy performs better than expected.
Kara Swisher, co-executive editor at Re/code, said it would be interesting to see how much the deal was done for since the price tag has yet to be announced. She added Google and Facebook are looking for technology that will be big in the future, not necessarily soon.
Finerman said she continues to like Google due to valuation, especially at current levels.
Nathan said Google should continue searching for ways to diversify its business away from search engines, which the company is doing by making many small acquisitions.
Goldman Sachs initiated coverage on 3D Systems (DDD - Get Report) and Stratasys (SSYS - Get Report) with a neutral rating and $63 price target and with a buy rating and $146 price target, respectively.
Between the two stocks, Nathan was a buyer of 3D Systems, despite how poorly it traded on Monday.
Kelly said investors can buy Twitter so long as $40 continues to act as support.
Sam Hamadeh, founder and CEO of PrivCo, said Weibo (WB) will likely price between $17 to $19, making the stock severely undervalued when the same valuation metrics of Twitter are applied. Weibo -- known by many as the Twitter of China -- was profitable last year and should trade for at least $30, he argued. Even at these levels, the stock is still cheap, he concluded.
Dennis Gartman, editor and publisher of The Gartman Letter, was a guest on the show. Despite many claiming the oil supply continues to increase, oil prices continue moving higher. He reasoned that even though oil production is growing, the global economy is "doing quite well," driving demand and prices higher. He added the Chinese economy appears to be doing well and optimism in the U.S. and Europe is still improving.
Adami said he still likes gold at current levels.
WebMD Health Corp. (WBMD) soared 16% and was the first stock on the show's "Pops & Drops" segment. Adami said he would be a seller, not a buyer, at current levels.
Finerman said the next catalyst for Hospira (HSP) won't come until it reports earnings. The stock closed higher by 2%.
Goodrich Petroleum (GDP - Get Report) soared 30%. Nathan found bullish options activity in the stock after a trader bought 20,000 June $22.50 call options for $3.90 per contract. The break-even point for the trade is at $26.40 per share on June expiration.
Adami said Amgen (AMGN - Get Report) should trade at 17 times forward earnings, not 13 times forward earnings (which it currently does). Based on a valuation of 17 times forward earnings, the stock should be trading closer to $147.
For their final trades, Kelly was a buyer of Microsoft MSFT with a "tight" stop-loss, while Finerman was a buyer of JPM. Nathan was a seller of the iShares MSCI Germany ETF (EWG - Get Report) via long put options and Adami was buying Paychex (PAYX - Get Report), which he called "dirt cheap."
-- Written by Bret Kenwell in Petoskey, Mich.