The "Fast Money" traders closed the show with their first ideas for Monday.
Tim Seymour was a buyer of CLF.
Steve Grasso was a buyer of BAC.
Brian Kelly was a seller of the XLU.
Guy Adami was a buyer of MET.
Trader disclosure: On May 1, 2015 , the following stocks and commodities mentioned or intended to be mentioned on CNBC's "Fast Money" were owned by the "Fast Money" traders: Tim Seymour is long T, BAC, DIS, EUO, F, GE, GM, GOOGL, INTC, SUNE, Tim's firm is long BABA, AAPL, CLF, MCD, NKE, NOK, SBUX, YHOO. Steve Grasso is long AAPL, BAC, BTU, DD, EVGN, MJNA, PFE, T, TWTR, GDX, his firm is long TWTR, WYNN, AMZN, AMD, FCX, OXY, RIG, NE, TSE, VALE his kids own EFG, EFA, EWJ, IJR, SPY. Guy Adami is long CELG, EXAS, INTC, Guy Adami's wife, Linda Snow, works at Merck. Brian Kelly is long BTC=, BBRY, SPY puts, U.S. Dollar, he is short Australian Dollar, he is short Yen, he is short Yuan. Today he sold Crude Oil, GLD, GSG, and covered his 30-year bond short position.