Fast Money Traders Reveal Their Picks At Market Highs

Dow Jones is trading at its record highs and Steve Grasso and Tim Seymour revealed on CNBC's Fast Money what to buy at these levels.

Grasso said he bought PulteGroup, Inc. PHM and KB Home KBH on Tuesday.

Seymour bought PulteGroup and he added to his long position in Freeport-McMoRan Inc FCX and Cliffs Natural Resources Inc CLF. He explained that traders should not buy the commodity stocks when they're cheap. These stocks should be bought when there is momentum behind them. Seymour added that he would be fading the rally in United States Steel Corporation X.