Delta Air Lines
Delta Air Lines, which has also traded in the red this year, reports earnings Wednesday. Trader Pete Najarian, who owns Delta call options, contended it is the best company in the airline sector.
He added that crude oil prices around $50 per barrel bodes well for the stock.
Low oil prices have been brutal on Schlumberger. The oilfield services company's shares have fallen 12 percent this year.
Read MoreWhy oil is headed to $70 a barrel
Trader Guy Adami believes Schlumberger will fall short of expectations when it reports this week. He would use the weakness to buy the stock on a dip.
Kansas City Southern
Shares of railroad company Kansas City Southern have fallen nearly 20 percent this year. Trader Tim Seymour believes the transportation segment may have hit bottom, and Kansas City Southern could rally with it.
The company also posts results later this week.
Tim Seymour is long AAPL, BAC, CLF, DIS, F, FCX, GE, GM, GOOGL, INTC, JPM, KO, LGF, T, TWTR, Tim's firm is long BABA, BIDU, MCD, NKE, NOK, SBUX, YHOO.
Long AAPL, AMAT, BAC, BMY, BP, CSX, DIS, DISCA, DKS, FOXA, GE, KKR, KO, MRK, PEP, PFE, PHM he is long calls ABX, AGN, BEE, DAL, ETFC, F, FL, GPRO, JOY, JPM, LM, LUK, MAS, MPEL, PBR, SWFT, UAL, VALE, VZ, ZIOP, he is long puts DISH, EWW, FCX, MRO, TNK, TSLA, X
Karen is long BAC, C, FINL, FL, GOOG, GOOGL, JPM, KORS, KORS call spreads, M, URI, she is short SPY, Her firm is long ANTM, AAPL, BAC, C, DIS, FINL, FL, GOOG, GOOGL, GPS, JPM, KORS, KORS call spreads, M, M calls, M call spreads, M puts, SUNE, SUNE call spreads, URI, URI long puts, her firm is short IWM, SPY, MDY, USO, Karen Finerman is on the board of GrafTech International.
Guy Adami is long CELG, EXAS, INTC, Guy Adami's wife, Linda Snow, works at Merck.