After stocks carried their October momentum into November, "Fast Money" traders picked struggling names that look primed to rebound.
The rose more than 1 percent Monday in November's first trading day, after climbing 8 percent last month. Nordstrom and FireEye missed out on the October party, falling about 9 and 20 percent for the month, respectively.
Both stocks closed just above 52-week lows Monday, and some traders believe they could be set up for a rally.
"I really don't know why [Nordstrom] has failed as much as it had," said trader Pete Najarian.
Nordstrom's progress in discount retail and e-commerce sets it up for success, he contended. Trader David Seaburg added he would not own the stock outright, but it makes a "great" short-term trade.
Cybersecurity firm FireEye had a key reversal Monday, when it rose 5 percent, said trader Guy Adami. He sees more upside for the stock moving forward.
Trader Tim Seymour added that investors can start to "nibble" at FireEye but should use caution with the high-spending company.
Tim Seymour is long AAPL, BAC, CLF, DIS, F, FCX, GE, GM, GOOGL, INTC, JPM, KO, LGF, T, TWTR, VRX. 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 AAPL, ABX, AIG, BEE, COP, DAL, ETFC, FIT, FL, GILD, GPRO, JOY, LM, LUK, MRK, PBR, POT, SLV, SWFT, UA, UAL, WYNN, XLF, VZ, ZIOP, he is long puts EWW, FCX, MRO, TSLA
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.