Trader David Seaburg also looked to buy into a beaten down sector moving forward. He highlighted Exxon Mobil, which has fallen more than 20 percent this year amid sustained lower oil prices.
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Trader Steve Grasso, on the other hand, believed high-flier Home Depot made a solid play, as it seems stable regardless of the strength of the overall housing market.
Lockheed Martin could also hold upside moving forward because of its dividend yield and "unbelievable balance sheet," trader Guy Adami added.
Long AAPL, AMAT, BAC, BMY, BP, CSX, DISCA, DKS, FOXA, GE, KKR, KO, LLY, MRK, PEP, PFE, he is long calls AA, AAL, BEE, BMY, DAL, FL, MPEL, PFE, SWFT, UAL, 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 AMZN His kids own EFA, EFG, EWJ, IJR, SPY.
Opinions expressed by David Seaburg are solely his own and do not reflect the views and opinions of Cowen Group, Inc
Guy Adami is long CELG, EXAS, INTC, Guy Adami's wife, Linda Snow, works at Merck.