After a rough start for markets in 2016, "Fast Money" traders looked ahead to what they would want to own in a year.

Worries of an economic slowdown sent most major indices around the globe lower this week, and U.S. stocks followed suit. The three major American averages all shed about 6 percent or more of their value.

In that environment, trader Tim Seymour looked for upside in one particularly battered segment, emerging market stocks. He sees oversold conditions in the iShares MSCI Emerging Markets ETF, which has fallen 8 percent already this year.

If concerns about the global economy grow, gold could do well, contended trader Brian Kelly. He looked to the Market Vectors Gold Miners ETF, which has climbed nearly 6 percent this year.

Trader David Seaburg, meanwhile, would stick with a winner from last year. Class A shares of Google parent Alphabet have soared 44 percent in the last 12 months, and he projects more catalysts including continued mobile growth and financial discipline.

With a shift in presidential administrations coming, defense stocks could also have upside in the next year, said trader Guy Adami. He pointed to shares of Raytheon, which have climbed 11 percent in the last year.

Disclosures:

Tim Seymour

Tim Seymour is long AAPL, BAC, CLF, DIS, F, FCX, GE, GM, GOOGL, INTC, JCP, JPM, KO, LGF, RL, T, TWTR, VRX. Tim's firm is long BABA, BIDU, MCD, NKE, SBUX, YHOO.

David Seaburg

Opinions expressed by David Seaburg are solely his own and do not reflect the views and opinions of Cowen Group, Inc.

Brian Kelly

Brian Kelly is long BBRY, Bitcoin, GDX, GLD, Hong Kong Dollar, TLT, US Dollar. He is short British Pound, Euro, Yuan, Canadian Dollar, GSG, EEM, EWC, EWH, KRE, SPY, DB.

Guy Adami

Guy Adami is long CELG, EXAS, GDX, INTC. Guy Adami's wife, Linda Snow, works at Merck.