'Fast Money' Recap: Greece Is the Word for Investors

NEW YORK (TheStreet) -- U.S. stocks started the week strong, with the S&P 500 climbing 0.61% on hopes a Greek debt deal is within reach. 

Whatever happens with Greece -- either a default or a deal -- seems already priced into stocks, Guy Adami, managing director of stockmonster.com, said on CNBC's "Fast Money" TV show. As far as stocks go, he still likes Deutsche Bank (DB), which rallied 3.9% on the day. 

Pete Najarian, co-founder of optionmonster.com and trademonster.com, also likes the German bank. However, Najarian likes the U.S. banks even more, noting the sector's strong performance on Monday, led by Goldman Sachs (GS), JPMorgan Chase  (JPM) and Citigroup (C). 

Steve Grasso, director of institutional sales at Stuart Frankel, doesn't think any Greek outcome is priced in and said the S&P 500 remains rangebound and could still move significantly in either direction. 

Tim Seymour, managing partner of Triogem Asset Management, said a Greek deal could spur a significant rally in European stocks. He likes the SPDR Euro 50 Stoxx ETF (FEZ), along with European banks. The Global X FTSE Greece 20 ETF (GREK) will also rally on a deal. He would sell the euro via the ProShares UltraShort Euro ETF (EUO) and buy the U.S. dollar.

Dennis Gartman, editor and publisher of The Gartman Letter is also selling the euro and said the dollar is headed higher. Investors can also buy German, French and Italian stocks. Gartman said a Greek deal seems likely to get done, which is "very good" for Germany and "terrible" for Greece, because Germany needs the euro to stay lower to help its exporting businesses. 

The euro would become "demonstrably more expensive" without Greece, he explained. As for oil prices, he says the commodity seems likely to head lower, with resistance near $65. His price range is between $45 to $55. 

The conversation turned to Facebook (FB) after Piper Jaffray's Gene Munster increased his price target from $92 to $120 earlier Monday. Facebook's Instragram property, buy button for advertisers, and video ads are crushing it right now, Najarian said. The stock is also trading well. Adami said the stock looks likely to "blow right through" $85, a level of resistance for the past several months.

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