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Traders go looking for buying opportunities with markets at all-time highs

With the S&P 500 hitting both all-time intraday and closing highs, investors may wonder if it makes sense to buy into stocks at these levels.

The "Fast Money" traders said that there may still be some opportunities left in the market.

Trader Pete Najarian said many traders are interested in Cisco Systems, which may break through $30 a share soon. It closed Monday at $29.43.

After looking at the dividend yields and balance sheets of companies like Intel and Cisco, the stocks look very interesting at this point in the market, according to trader Tim Seymour. He said, however, that Clorox is "largely a one-trick pony" and that stocks like Kellogg and General Mills are still expensive.

Trader Guy Adami said he would rather own Cisco than Clorox.

Disclosures:

Pete Najarian

Pete Najarian is long stock: AAPL, BAC, BMY, CSCO, DIS, DISCA, GE, KMI, KMI.A, KO, LUX, MRK, PEP, PFE, SAVE, VIAB, ZIOP long calls: AAL, AKS, AMJ, CHK, CLF, CNX, CSX, DAL, EGO, EWZ, GLW, GSAT, HBAN, HOG, HSY, KGC, LLY, MT, MU, NLNK, P, SBUX, SLV, SLW, SPY, SVU, TMUS, WLL, YELP long puts: BID, CS,GM, NAV, NLY

Tim Seymour

Tim Seymour is long APC, AVP, BAC, BBRY, CLF, DO, EDC, EWZ, F, FCX, FXI, GM, GOOGL, GRMN, GE, INTC, LQD, M, MCD, MPEL, NKE, RACE, RAI, RH, RL, SINA, T, TWTR, UA, VALE, VZ, XOM and short SPY, XRT. His firm is long ABX, BABA, BIDU, CLF, EWZ, F, HD, KO, MCD, MPEL, NKE, PEP, PF, SAVE, SBUX, SINA, VALE, VIAB, WMT, WEN, YHOO and short HYG, IWM.

Brian Kelly

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

Guy Adami

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