Stocks started the week at all-time highs, but the story on Monday was all about individual earnings. A lackluster release from McDonald's kicked off a busy week of reports, but it wasn't all bad news on the earnings front.
After the bell, Netflix surprised the street with a beat on both the top and bottom lines. Aided by strong domestic and international subscription growth, the streaming video service surged to new all-time highs in the after-hours session. CNBC's Julia Boorstin reported that Netflix CEO Reid Hastings saw unsettling shades of 10 years ago in the performance of his company's stock.
"Every time I read a story about Netflix as the highest-appreciating stock in the S&P 500, it worries me," he said. "That was the exact headline we used to see in 2003."
RBC Capital Markets Managing Director Mark Mahaney joined the crew to weigh in on Netflix's strong quarter. "I think you can continue to be bullish," he said. Option Monster's Pete Najarian agreed, saying international growth is "only the tip of the iceberg."
(Watch video: I buy Netflix on this correction: Mark Mahaney)
Mahaney also said Netflix could charge more for its services in the future, leading to even bigger profits. "Over the next two or three years, we think they'll be able to show a package of higher price offerings," he said. "If they do that, margins go higher."
Solar stocks were another bright spot in Monday's mixed tape. First Solar flared higher after JPMorgan called the company one of its top picks in the clean-tech space.
"I'm long, and I'm not selling," said Ritholtz Wealth Management's Josh Brown.
(Read more: Bull market's got 10 to 15 years left: Technician)
Monday also saw crude oil trading below $100 a barrel for the first time since early July. According to Dennis Gartman, editor of The Gartman Letter, crude could fall another 15 percent in the coming months. "I have a sneaking suspicion we're going to go down and take a look and see how much $85 crude oil there is out there," he said.