A couple of trades could see upside ahead of the possible tapering of Fed asset purchases, Joe Terranova of Virtus Investment Partners said Monday.
"I haven't knocked on anything in terms of taking down the exposure because I think on the other side of the end of September I'm going to be OK," he said.
"I think it's nothing more than for a trade," he added, noting that he paid around $84¼ per share.
Josh Brown of Fusion Analytics said that investors should expect volatility ahead of a possible tapering of asset purchases by the Federal Reserve.
"My message is: That's just fine," he said. "There's nothing wrong with that . "
Brown also noted "huge issuance" in junk bonds.
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Now, it was time to re-evaluate holdings, he added.
"Look at your positions," Brown said. "If you've got some stuff you're up huge this year, don't feel like you have to add to it just because the market's going up. You know, you can also sell some. You can also take some off. That's the way I would think about it, but you're not compelled to do anything, quite frankly."
Stephen Weiss of Short Hills Capital noted that stock market volume has "dried up."