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Traders spot opportunities as markets keep setting new highs

The "Fast Money" traders looked for opportunities left in the market as the Dow, Russell 2000 and S&P 400 Midcaps hit all-time highs on Wednesday. The S&P 500 also set a new all-time closing high.

Trader Guy Adami said that Target is still an interesting stock at these levels. He said that it seems the company has its feet on the ground again and still has room to the upside.

Trader Tim Seymour said that stocks like Clorox might have been oversold and may be back in value territory.

Trader Steve Grasso said he sold United Rentals because he thinks it has lost its momentum. He explained that while there may still be a little upside left, he doesn't want to be "greedy" right now.


Disclosures:

TIM SEYMOUR

Tim Seymour is long ABX, APC, AVP, BAC, BBRY, CLF, CVX, DO, DVYE, EDC, EWN, EWZ, F, FB, FCX, FXI, GM, GOOGL, GE, INTC, LQD,MCD, MUR, OIH, PG, RACE, RAI, RH, RL, SINA, T, TWTR, VALE, VZ, XOM, short: EEM, SPY, XRT. His firm is long ABX, BABA, BIDU, CBD, CLF, EWZ, F, KO, MCD, MPEL, NKE, PEP, PF, TCEHY, SAVE, SBUX, SINA, VALE, VIAB, WMT, WEN, X, YHOO, short EWG, HYG, IWM

DAVID SEABURG

Opinions expressed by David Seaburg are solely his own and do not reflect the views and opinions of Cowen Group, Inc. Seaburg and Cowen have a financial interest in EDIT. An employee of Cowen and Company, LLC serves on the Board of Directors of Diamond Offshore. EXPE, GRPN, VA – Not Approved.

STEVEN GRASSO

Grasso is long BA, CC, CHK, EEM, EVGN, GDX, KBH, MJNA, MON, MU, OLN, PFE, PHM, SPY, T, TWTR. His children own: EFA, EFG, EWJ, IJR, SPY. No shorts. Grasso's firm is long: VIRT, WDR, FCX, ICE, KDUS, MAT, MJNA, NE, OLN, RIG, TAXI, TITXF, WDR, ZNGA, CUBA, HSPO, ICE, MJNA, TITXF.

GUY ADAMI

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