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What traders are buying at market highs

The "Fast Money" traders found some stocks worth buying as markets sit near all-time highs.

The major indexes gained more than 1 percent on the back of a stronger-than-expected jobs report on Friday. The S&P 500 ended just short of its all-time closing high.

Trader Guy Adami said defense stocks like Lockheed Martin and Raytheon are still attractive regardless of what one might think about valuation. Adami also likes the iShares 20+ Year Treasury Bond ETF (TLT) and the VanEck Vectors Gold Miners ETF.

"TLT for a number of different reasons should've sold off today, closed on the highs. Gold had every opportunity to get obliterated today, didn't do it. Again, stock market is going higher, that's fine, but I still think TLT goes higher, still think the gold miners go higher," Adami said.

Trader Brian Kelly's advice is to "stick with what is in a bull market which is TLT, gold, silver."

"I would buy UUP, the dollar. Another single stock that I bought for the yield and getting volatility is CME," he said.

Disclosures:

GUY ADAMI

Guy Adami is long CELG, EXAS, GDX, INTC. Guy Adami's wife, Linda Snow, works at Merck.

DAN NATHAN

Dan Nathan is Long JD Aug call spread, Long PFE, Long TWTR, BABA Aug put spread, IWM long Sept put, XLF long Aug put spread, XLK long Sept Put spread, FXI long Aug put spread, SMH long Aug put spread, long PYPL call calendar, long C Aug put spread, XOP Sept put spread, TGT long July Aug call calendar, TSLA long July Aug put calendar, SPY long Sept put spread, BAC long Sept put.

KAREN FINERMAN

Karen is long BAC, C, DRII, DRII calls, FB, FL, GOOG, GOOGL, JPM, LYV, KORS, KORS, KORS puts, WIFI long call spreads, M, MA, SEDG, SPY puts, URI. Her firm is long ANTM, AAPL, BAC, C, C calls, DRII, DRII calls, FB, GOOG, GOOGL, JPM, JPM calls, KORS, LYV, M, MOH, PLCE, SPY puts, URI, WIFI. Her firm is short IWM, MDY. Karen Finerman is on the board of GrafTech International.

BRIAN KELLY

Brian Kelly is long Bitcoin, DDG, GLD, MOS, POT, SLV, XME, US Dollar UUP. He is short WTI crude, Swiss franc, euro and Japanese Yen.