'Fast Money' Recap Pops and Drops': Malaysia Malaise
Here's what CNBC's "Fast Money" traders had to say about some of the market's biggest movers on their "Pops and Drops" segment Monday.
Pops
Nationwide Financial (NFS) popped 26%. Karen Finerman said that buyout activity was responsible for the jump in share price.
PowerShares DB Agriculture (DBA) rose 2%. Tim Seymour attributed the move to a rising emerging market consumer.
Drops
Citigroup (C) dropped 6%. Najarian said excessive banking fears caused the stock to drop.
AK Steel (AKS) fell 10%. Adami said that on a bad day, the steel names underperform. On the other hand, he said investors like Harbinger are accumulating steel names. iShares MSCI Malaysia (EWM) was down 12%. Seymour said that the Malaysia stock market is down 25% over the past weeks. The recent election wasn't the only factor, he said. He urged viewers to put money into Taiwan. Rio Tinto (RTP) lost 6%. MannKind (MNKD) stumbled 10%. Najarian said that as other drugmakers get out of inhaled insulin drugs, investors are getting out of MannKind, the only company still in that business. Blue Nile (NILE) ticked down 5%. Guy Adami noted heavy short interest in the name.Select the service that is right for you!
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