Fast Money Picks For December 1

On CNBC's Fast Money Final Trade, Tim Seymour said that investors should hold a long position in Alibaba Group Holding Ltd BABA. He thinks that it is a great company with decent fundamentals and a good growth. Dan Nathan would sell iShares MSCI Emerging Markets Indx (ETF) EEM. He thinks that it is going to $32. Steve Grasso believes that Ulta Salon, Cosmetics & Fragrance, Inc. ULTA is a buy. He would place a stop loss at $163. Guy Adami is a buyer of Newmont Mining Corp NEM, which gained 5.92 percent on Monday. Adami thinks that something is going on in the gold mining space.