As the three major indices hit their highest levels of 2016, the "Fast Money" traders debated safe haven investments for investors that don't feel as confident about the rally.
"Cisco literally in my mind is one of these stocks that's not that far away from — I bought this today — I think this stock has $10 at least of runway over the next year in front of it, " he said.
Trader Guy Adami pointed out that the iShares Barclays 20+ Year Treasury Bond ETF was up on the day.
"There's clearly something going on still with the bond market and gold market, S&P aside. Clearly you can be in both. That's been the right trade over the last few months," Adami said.
Long AAPL, BAC, BMY, DIS, DISCA, KMI, MKI.A, KO, LUX, MRK, PEP, PFE, RAX, RIG Long Calls AAPL, AMBA, BAC, BAX, COP, CRM, ECA, EWZ, FIT, GDX, GE, GRPN, GRPO, HAIN, IBM, KO, MDLZ, MSFT, QCOM, SBUX, XOM, YHOO, ZIOP
Tim Seymour is long AAPL, AVP, BAC, BBRY, CLF, DO, EDC, EWZ, F, FCX, FXI, GM, GOOGL, GRMN, GE, GLNCY, INTC, LQD, MCD, MPEL, NKE, RACE, RAI, RL, SINA, T, TWTR, UA, VALE, VZ, XOM. Tim's firm is long BABA, BIDU, CLF, EWZ, F, HD, KO, MCD, MPEL, NKE, PEP, PF, SAVE, SBUX, SINA, VALE, VIAB, WMT, WEN, YHOO, short HYG, IWM, WYNN
Dan is long XLF may/ sept put spread. Dan is long AAPL April Put Fly, long PFE, long TWTR, long GE May 28 puts, long JPM April puts, long INTC April puts , long QCOM April put spreads, long HYG June puts, long IWM May and September puts, long XHB June put spread, long XLE April/June put spread
Guy Adami is long CELG, EXAS, GDX, INTC, Guy Adami's wife, Linda Snow, works at Merck.