'Fast Money' Recap: Wait til Next Year

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NEW YORK (TheStreet) -- The broader market finished mostly flat in a sleepy Monday trading session. 

On CNBC's "Fast Money" TV show, Brian Kelly, founder of Brian Kelly Capital, said he expects the first half of 2014 to be smooth while the second half could have some bumps. Interest rates and oil prices will be important in 2014, and he sees oil prices going higher. 

Jim Lebenthal, CFO and CIO of Lebenthal & Company, disagreed on higher oil prices. He thinks the stock market could pull back roughly 5% to 7% in the first quarter. 

Tim Seymour, managing partner of Triogem Asset Management, said the financials could get a boost from rising interest rates and mining stocks could see a short-squeeze higher. 

Guy Adami, managing director of stockmonster.com, said the S&P 500 needs to pull back to the 1,750 level. He suggested investors look to short Caterpillar and International Business Machine

Ralph Acampora, senior managing director of Altaira Wealth Management, was a guest on the show. He said the market is a bit overextended but certainly not in a bubble. The market has not put in a "major top" and is still in a secular bull run. That said, he thinks a 10% to 15% pullback would be healthy and seems possible.

Lebenthal said a pullback to that magnitude is unlikely pending a huge, unforeseen, negative catalyst.

Turning to shares of Twitter , Kelly is a buyer at these levels with a stop-loss at $54. 

Adami said Micron is a good buy at $21. 

Seymour said he is comfortable owning CF Industries , along with Potash and Mosaic , at these levels for the long term. 

Between Apple and Google , Lebenthal prefers Apple at current levels. 

Adami said he would not short Crocs . He also likes Blackstone at current levels.

Kelly likes the housing market and prefers to be long via the iShares U.S. Home Construction ETF

Adami said shares of Disney could be in trouble if it reports a lousy earnings report in the upcoming quarter, based on the mediocre report last quarter and subsequent rally in the stock. Kelly suggested investors take some profits off the table.