In the current environment, home improvement stocks could climb, trader Tim Seymour contended. He touted shares of Home Depot, which Adami also likes. The stock has climbed 1.8 percent this year.
Seymour also sees upside for Restoration Hardware but warned that it carries "a lot more risk" than Home Depot.
Adami argued defense stocks will continue to rise, pointing specifically to Lockheed Martin. Its stock has risen nearly 4 percent this year.
He also touted shares of Coca-Cola, which are up 8 percent this year.
long AAPL, AVP, BAC, BBRY, DO, EDC, EWZ, F, FCX, GM, GOOGL, INTC, NKE, SINA, T, TWTR, VALE, VZ, XOM. Tim's firm is long BABA, BIDU, CLF, KO, MCD, MPEL, PEP, PF, SAVE, SBUX, VALE, WMT,YHOO, short HYG, IWM, AND WYNN
Long AAPL, AMZ, BAC, CYH, DAL, DOW, EGO, FIT, HAIN, HOG, KO, KSS, LC, LPX, MDLS, MET, MSFT, MXIM, NEM, POT, SCHW, SLW, TCK, UAL, WYNN, ZIOP, EWZ, GDX, SLV, COP, LVS, He is long calls AAPL,.BAC, BBRY, BMY, DIS, DISCA, GE, KMI, KMI-A, KO, LUX, MRK, PEP, PFE, SAVE, VIAB he is long puts CHK, DB, HAB, HES, PBR, RY, VLO SOLD CRM, NEM CALLS
Karen is long BAC, C, FL, GOOG, GOOGL, JPM, LYV, KORS, M, SEDG, SPY puts, URI. Her firm is long ANTM, AAPL, BAC, BOKF, C, C calls, GOOG, GOOGL, JPM, JPM calls, KORS, LYV, M, MOH, NRF, PLCE, SPY puts, URI, her firm is short IWM, MDY. 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.