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Three Traders' Top Stock Sectors

"Fast Money" traders Joe Terranova, Stephen Weiss and Pete Najarian on Friday picked what sectors stand to gain heading into the weekend.

Terranova of Virtus Investment Partners said that selecting sectors was more important now as 18 S&P 500 names hit new all-time highs.

"I'm adding to my financial names," he added, as well as consumer staples . "I don't want the commodities-materials trade."

Stephen Weiss of Short Hills Capital noted that the market appeared to be strong heading into the weekend, also sounding positive on financials and a bit wary on consumer stocks.

"You have to go with what's working," he said. "To me, Caterpillar is indicative of the rest of the market."

OptionMonster's Pete Najarian saw a positive sign in the stock market being able to shrug off bad news.

"Right now it's Ben Bernanke vs. Cyprus," he said.

Najarian said he liked pharmaceuticals and energy, where there was "so much activity."

"Don't listen to the guys who want to tell you, 'Get out of some of these names because they've run.' There's still plenty of room to the upside in the refiners," he added.

Trader disclosure: On March 22, 2013, the following stocks and commodities mentioned or intended to be mentioned on CNBC's "Fast Money" were owned by the "Fast Money" traders: Jon Najarian is long calls in AAPL; Jon Najarian is long calls in JNPR; Jon Najarian is long calls in STX; Jon Najarian is long calls in FIG; Jon Najarian is long calls in KKR; Jon Najarian is long calls in BX; Jon Najarian is long calls in EA; Jon Najarian is long calls in SSRI; Jon Najarian is long calls in OC; Jon Najarian is long short puts in AAPL; Stephen Weiss is long BBRY; Stephen Weiss is long M; Stephen Weiss is long AIG; Stephen Weiss is short BHP; Joe Terranova is long VRTS; Joe Terranova is long SJM; Joe Terranova is long MJN; Joe Terranova is long SCCO; Joe Terranova is long AAPL; Joe Terranova is long PANW; Joe Terranova is long VSI; Joe Terranova is long AXP; Joe Terranova is long GPS; Joe Terranova is long KORS; Joe Terranova is long GS; Joe Terranova is long SWN; Joe Terranova is short S&P Mini Futures; (AS OF 3/18) Pete Najarian is long AAPL ; Pete Najarian is long BAC CALLS; Pete Najarian is long JPM CALLS; Pete Najarian is long YHOO; Pete Najarian is long BBRY; Pete Najarian is long SBUX; Pete Najarian is long FB; Pete Najarian is long MSFT; Pete Najarian is long COP CALLS; Pete Najarian is long MRO CALLS; Pete Najarian is long ABX CALLS; Pete Najarian is long CZR CALLS; Pete Najarian is long QQQ CALLS; Pete Najarian is long MTG CALLS; Pete Najarian is long EMC CALLS; Pete Najarian is long CROX.

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S&P 500
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