Trader Steve Grasso outlined riskier moves in KB Home and PulteGroup, two stocks which he owns. KB Home and PulteGroup have lost 12 and 3 percent, respectively, this year.
"You have to believe the whole market goes up to own those," Grasso said.
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Airline stocks have also taken a hit, with Delta Air Lines, United Continental and American Airlines all in negative territory this year. Trader Pete Najarian would look to buy the sector on weakness.
He called Delta the "best in the group," and contended that United holds potential because of its sluggish performance and cheap price.
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Trader Guy Adami, on the other hand, pointed to surging JetBlue, which has climbed 66 percent this year.
Tim Seymour is long AAPL, BAC, CLF, DIS, F, GE, GM, GOOGL, INTC, JPM, T, TWTR, Tim's firm is long BABA, BIDU, MCD, NKE, NOK, SBUX, YHOO.
Long AMAT, BAC, BMY, BP, CSX, DISCA, DKS, FOXA, GE, KKR, KO, LLY, MRK, PEP, PFE, he is long calls AA, AAL, ABX, ALK, BEE, BUP, CRM, CSX, CVC, DAL, ETFC, HIG, HIMX, INTC, LM, MPEL, PFE, QCOM, VLO, XLF, XOM, ZIOP, he is long puts DISH, FCX.
Steve is long AAPL, BA, BAC, CC, DD, DIS, DECK, EVGN, FIT, KBH, MJNA, MU, PFE, PHM, T, TWTR, GDX, firm is long BP, CVX, COP, NE, NEM, OXY, RIG, AMZN His kids own EFA, EFG, EWJ, IJR, SPY.
Guy Adami is long CELG, EXAS, INTC, Guy Adami's wife, Linda Snow, works at Merck.