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5 stocks to watch in the 4th quarter

After a brutal third quarter for stocks, "Fast Money" traders looked ahead to their best bets for the rest of the year.

Major U.S. averages closed down about 7 percent in the quarter, their worst since 2011. Still, traders see some upside picks after the rough stretch.

Trader Guy Adami projected blowout quarterly earnings for social media giant Facebook. He said the stock could climb over $100 per share after it reports near the end of October, up from its closing price of about $90 Wednesday.

Adam Jeffery | CNBC

He also contended that Goldman Sachs could get a big post-earnings pop this month. The stock has fallen more than 10 percent this year.

Read MoreThe sector with a silver lining for the fourth quarter?

Trader Pete Najarian also looked to the financial sector, predicting that a Federal Reserve move off of near-zero interest rates could nudge JPMorgan Chase higher.

"I think it's a huge catalyst going forward," he said.

Other traders, meanwhile, hoped to profit from cheap prices in struggling sectors. The iShares Nasdaq Biotechnology ETF has upside after plunging amid government calls for action on reining in drug prices, said trader David Seaburg.

"These names are going to continue to run," he said.

Read MoreJPMorgan: Buy into biotech bear market

Trader Brian Kelly believes Exxon Mobil could climb moving forward. It has fallen nearly 20 percent this year as it deals with the effect of lower oil prices.

Disclosures:

Pete Najarian

Long AAPL, AMAT, BAC, BMY, BP, CSX, DIS, DISCA, DKS, FOXA, GE, KKR, KO, MRK, PEP, PFE, PHM he is long calls AA, ABX, BMY, COP, DAL, EEM, FL, HLT, MPEL, PFE, SWFT, UAL, XLF, XOM, ZIOP, he is long puts DISH, FCX, X

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, GLD, Bitcoin, US Dollar, Crude Oil; he is short Yuan, British Pound, Euro, Yen, EEM, EWC, EWU, EWG, SPY, S&P 500 Futures.

Guy Adami

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