Fast Money Madness: Transocean vs. Honeywell

"Fast Money Madness" continued with industrial giants, ninth-seeded Transocean and second-seeded Honeywell, facing off.

(See the full bracket.)

No. 9 Transocean vs. No. 2 Honeywell

StockMonster's Guy Adami made it short and sweet.

"Honeywell's the best industrial company out there," he said. "Honeywell should win this one for sure."

Dan Nathan of was also succinct.

"For this round, I'm going RIG — Transocean," he said.'s Tim Seymour saw a lot more potential in Transocean.

"RIG is a company that's underowned, is tomorrow's trade, and why wouldn't you rather be in that yesterday's trade?" he said.

Jon Najarian liked the arguments for Transocean, but he saw a big headwind.

"I don't think this president's a big fan of deep-water drilling. I think that's going to be very difficult," he said, acknowledging the company's large presence off the coast of Brazil. "I don't think that's going to be enough to have them outperform, so I'm going to go with Honeywell."

The 2-2 tie took the contest to the "Fast Money" Twitter crowd, which broke the 2-2 tie with a vote for Honeywell, which moves into the match-ups between the final four names.

Trader disclosure: On April 3, 2013, the following stocks and commodities mentioned or intended to be mentioned on CNBC's "Fast Money" were owned by the "Fast Money" traders: Jon Najarian is short GLD Puts; Jon Najarian is long TXN; Jon Najarian is long VXX calls/Short puts; Guy Adami is long C; Guy Adami is long GS; Guy Adami is long INTC; Guy Adami is long AGU; Guy Adami is long MSFT; Guy Adami is long NUE; Guy Adami is long BTU; Tim Seymour is long AAPL; Tim Seymour is long BAC; Tim Seymour is long C; Tim Seymour is long PNC; Tim Seymour is long GS; Tim Seymour is long JPM; Tim Seymour is long WFC; Tim Seymour is long GDX; Tim Seymour is long INTC; Tim Seymour is long MSFT; Dan Nathan is long GS MAY 145/135 PUT SPREADS; Dan Nathan is long MASFT APR 28 PUTS; Dan Nathan is long AMZN APR 240/200/160 PUT FLY;