U.S. markets regained much of their losses in a late-day climb Monday, leading "Fast Money" traders to believe some stocks may have reached a bottom.
The Dow Jones industrial average closed 177 points lower on the session after falling about 400 points earlier in the day. Amid the dip, trader Karen Finerman saw a buying opportunity.
"I'm more inclined to be a buyer when others are fearful," she said.
Finerman, who already owns Bank of America shares, said she would consider buying call options in the company. Finerman believes Bank of America holds upside after falling 27 percent this year.
Shares of Google parent Alphabet may also be near a bottom, Finerman said. The stock, which she owns, has shed 9 percent of its value this year.
Positive sentiment around McDonald's could drive its stock higher even after a negative start to the year, trader Pete Najarian contended. He bought call options in the fast-food giant Monday.
Trader Guy Adami, meanwhile, looked to Texas Instruments, which he said "traded pretty impressively" on Monday. The stock rose about 2 percent in the session.
Long AAPL, BAC, BKE, BMY, DIS, DISCA, GE, KMI, KO, MRK, PEP, PFE, VIAB, he is long calls AA, AAL, BHP, BX, CHS, DAL, EEM, GDX, GE, HAIN, HBAN, LB, LC, MCD, MSFT, MTG, NRF, SLV, SWN, UAL, WEN, WMB, WYNN, YDKN, he is long puts DB, FCX, MRO, MS, RIG.
Dan is long WMT Feb put spread, long PFE buy-write, long TWTR, long TLT Apr call spread, long XLP put spread, long XOM Feb put spread, long UUP March calls, long GE May 28 puts.
Karen is long BAC, C, FL, GOOG, GOOGL, JPM, LYV, KORS, M, SEDG, SPY calls, URI, she is short SPY. Her firm is long ANTM, AAPL, BAC, C, C calls, FINL, FL, GOOG, GOOGL, JPM, KORS, LYV, M, MOH, NRF, PLCE, URI, her firm is short IWM, MDY, SPY. Karen Finerman is on the board of GrafTech International.
Guy Adami is long CELG, EXAS, GDX, INTC, Guy Adami's wife, Linda Snow, works at Merck.