NEW YORK (TheStreet) -- West Texas Intermediate crude declined to $63.21 a barrel early Monday before reversing course and climbing to over $69 a barrel. 

Exxon Mobil  (XOM - Get Report) traded well, too, climbing 2%, Guy Adami, managing director of stockmonster.com, said on CNBC's "Fast Money." Transocean  (RIG - Get Report)  will likely need to cut its dividend. The knee-jerk reaction will be to the downside, which could present a buying opportunity, he said. 

The leadership in Exxon Mobil, Schlumberger  (SLB - Get Report)  and Chevron  (CVX - Get Report)  shows investors are looking for safety, not risk in the energy sector, according to Steve Grasso, director of institutional sales at Stuart Frankel. He said to sell rallies in stocks such as Whiting Petroleum  (WLL - Get Report) . 

Once oil prices start to move higher, there should be less pressure on shares of Tesla Motors  (TSLA - Get Report) , said Dan Nathan, co-founder and editor of riskreversal.com. Solar stocks should also get a bounce once oil moves higher. 

Karen Finerman, president of Metropolitan Capital Advisors, had a less direct way to play energy: Cullen Frost Bankers  (CFR - Get Report) . The company has a lot of exposure to oil and is a solid short-sell candidate given its high valuation. 

The U.S. will have too much oil supply next year, according to Paul Sankey, managing director at Wolfe Research. Spending cuts will therefore drive down production growth next year, he said. Long-term investors should buy stocks like ConocoPhillips  (COP - Get Report) , EOG Resources  (EOG - Get Report)  and Hess  (HES - Get Report) . Short-term traders should avoid energy stocks on the long side. 

Oil wasn't the only volatile asset on Monday. Shares of Apple  (AAPL - Get Report)  slid over 6% within only a few minutes in early Monday trading. The stock eventually recovered but still closed lower by 3.3%. 

A lot of investors probably felt pressure to take profits in Apple since it was up 48% year to date before Monday's trading session. However, that is likely the wrong move, said Brian Blair, senior research analyst at Rosenblatt Securities. The company is likely to see a very strong fourth quarter due to the holidays and top analysts' estimates in the first quarter from sales in Asia. 

Investors should give it a few days before getting long Apple, Adami said. Instead, he is a buyer of Facebook  (FB - Get Report)  near current levels. It seems like the iPhone 6 is being well received and is likely to drive many iPhone users to upgrade to the new device, Grasso said.

The health care sector has been an impressive performer over the past three years, said Chris Verrone, managing director and head of technical analysis at Strategies Research Partners. But for some reason the sector still doesn't seem to get a lot of attention. Investors should stay long, he reasoned. 

Adami said his top three biotech picks, in order, are Celgene  (CELG - Get Report) , Amgen  (AMGN - Get Report)  and Gilead Sciences  (GILD - Get Report) . If Gilead declines to $90, investors should buy the stock, Nathan added. 

Black Friday sales were somewhat disappointing. However, that's because consumers now spread their Black Friday shopping out across multiple days, as retailers begin promotions early, said Scot Wingo, co-founder, chairman and CEO of ChannelAdvisor  (ECOM - Get Report) . The decision to start Black Friday deals on Thanksgiving Day is hurting traditional retailers because many consumers are opting to shop online rather than get in line on the holiday, he said. 

The intense competition between retailers will likely drive down margins and result in weaker-than-expected earnings results, Nathan said. Shares of Amazon  (AMZN - Get Report)  are likely to trend lower, Adami added.

Macy's  (M - Get Report)  is a great operator that knows what its consumers want, Finerman said. The retailer has a great omni-channel operation as well. 

For their final trades, Grasso is buying Domino's Pizza  (DPZ - Get Report)  and Nathan is selling short the SPDR S&P Retail ETF  (XRT - Get Report) . Finerman is a buyer of ADT Corp.  (ADT - Get Report)  and Adami said to buy Walgreen  (WAG) .

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