The "Fast Money" traders looked for stocks and sectors that they could still buy after the major indexes saw their third consecutive positive session on Thursday.
The Nasdaq hit a fresh all-time high on Thursday of 5,342.88.
Trader Guy Adami said he likes Anadarko Petroleum and Allergan. He said he believes biotech will continue to rise. The key biotechnology ETF hit its highest level since January, closing above $300 per share, which had been a level of resistance for the security.
Trader Steve Grasso said that investors should look in the materials, energy and utilities sectors for opportunity.
Trader David Seaburg said that there might be opportunities in the market, but he suggested that investors should wait for better times to buy. He said that if investors have to buy something right now, he would look at the biotechnology sector, but he would prefer to do that in a market pullback.
— CNBC's Chris Hayes contributed to this report.