Despite a rise in the price of oil Monday, airline stocks hold upside moving forward, "Fast Money" trader Pete Najarian said.
U.S. airline stocks broadly fell as U.S. crude futures settled more than 2 percent higher. Though the terrorist attacks in Paris may lead some to cut back on travel, airlines look appealing after the pullback, Najarian said.
"I think they're all a great buy at these levels pulling back," he said.
He specifically highlighted JetBlue, which has less international exposure than some other U.S. airlines. The stock fell nearly 1 percent on the day.
Monday's pullback in travel stocks extended to some booking companies. Expedia, for instance, slid more than 2 percent.
Despite the drop, investors should "not be selling it tomorrow morning," said trader Brian Kelly.
Trader Guy Adami added that if consumers avoid travel, streaming entertainment company Netflix could benefit. The stock rose more than 7 percent Monday.
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 AAPL, ABX, BAC, BEE, DAL, DOW, EMR, FB, FIT, JOY, LUK, MRK, MSFT, PBR, PFE, POT, SLV, TJX, UA, UAL, VZ, WYNN, XLF, ZIOP He is long puts EWW, FCX, MRO
Brian Kelly
Brian Kelly is long BBRY, GLD, Bitcoin, Hong Kong Dollar, US Dollar; he is short Yuan, British Pound, Candaian Dollar, Euro, Yen, EEM, EWC, EWH, EWU, EWG, SPY
Karen Finerman
Karen is long BAC, C, FL, GOOG, GOOGL, JPM, KORS, KORS call spreads, M, SEDG, URI, she is short SPY, Her firm is long ANTM, AAPL, BAC, C, DIS, DIS puts, FL, GOOG, GOOGL, GPS, JPM, KORS, KORS call spreads, MA, URI, URI long puts, WFM, her firm is short IWM, SPY, MDY, USO, XRT, Karen Finerman is on the board of GrafTech International.
Guy Adami
Guy Adami is long CELG, EXAS, INTC, Guy Adami's wife, Linda Snow, works at Merck.
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