Shares of chipmaker Micron have plummeted about 50 percent this year. But the stock climbed about 3 percent on Friday.
Read MoreWave of consolidation hits chipmakers
Trader Steve Grasso, who owns Micron shares, said the company may be "challenged" enough to rise more from here.
U.S. Steel has also gone through a difficult run amid lower commodity prices. Shares have plunged about 56 percent this year.
If the price of steel "ever stabilizes," the stock could rise significantly, contended trader Guy Adami.
iShares MSCI Brazil Capped ETF
Amid a sluggish economy and political turmoil in Brazil, the iShares MSCI Brazil Capped ETF has fallen 35 percent this year.
"Take a look at this one long term," said trader Tim Seymour.
Tim Seymour is long AAPL, BAC, CLF, DIS, F, FCX, GE, GM, GOOGL, INTC, JPM, KO, LGF, T. Tim's firm is long BABA, BIDU, MCD, NKE, NOK, SBUX, YHOO.
Dan is long AMAT Jan call spread, PYPL Oct call calendar, BA Oct put spread, INTC Dec put spread, XLF Dec put spread, IWM Dec put spread, XLI Dec put spread, TWTR
Guy Adami is long CELG, EXAS, INTC, Guy Adami's wife, Linda Snow, works at Merck.
Steve is Long AAPL, BA, BAC, CC, DD, DIS, DECK, EVGN, FIT, KBH, MJNA, MBLY, MU, OLN, PFE, PHM, T, TWTR, GDX firm is long IBM, AMZN kids own EFA, EFG, EWJ, IJR, SPY