'Fast Money Pops and Drops': Forgotten National City

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

Callaway Golf (ELY Quote - Cramer on ELY - Stock Picks) popped 3%. Guy Adami said the stock just got an upgrade and that at 11.5 times earnings, it's cheap.

Cardiome (CRME Quote - Cramer on CRME - Stock Picks) ticked up 31%. Pete Najarian said the company burned through its cash but that investors might want to buy as they hit phase III trial.

First Cash Financial Services (FCFS Quote - Cramer on FCFS - Stock Picks) climbed 13%. Jeff Macke said stock has been murdered in the last year. Take profits and move on, he said.

BladeLogic (BLOG Quote - Cramer on BLOG - Stock Picks) rose 16%. Najarian said the company got bought out. Great move, but that's it, he said.

Drops

National City (NCC Quote - Cramer on NCC - Stock Picks) dropped 43%. Joe Terranova said there had been a possible deal with JPMorgan last week. I don't think National City is on JPMorgan's mind right now, he said.

PMI Group (PMI Quote - Cramer on PMI - Stock Picks) was down 10%. Adami said the company's loss was below expectations.

E*Trade (ETFC Quote - Cramer on ETFC - Stock Picks) was off 9%. When your stock goes down 9% on a competitor's downgrade it's time to get out, Macke said.

Jeffries (JEF Quote - Cramer on JEF - Stock Picks) lost 8%.

Tesoro (TSO Quote - Cramer on TSO - Stock Picks) fell 10%. Terranova said the refiners are ready to turn around. Get long, he said.

New Ireland Fund (IRL Quote - Cramer on IRL - Stock Picks) tumbled 3%. Get long American companies doing business in Ireland, Macke said.

Google (GOOG Quote - Cramer on GOOG - Stock Picks) slipped 4%. Adami said the stock is significantly cheaper than Yahoo! (YHOO Quote - Cramer on YHOO - Stock Picks) but that it needs to cut its workforce.

Freeport-McMoRan (FCX Quote - Cramer on FCX - Stock Picks) was down 7%. Terranova said investors who sold today are going to be sorry.