'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) popped 3%. Guy Adami said the stock just got an upgrade and that at 11.5 times earnings, it's cheap.

Cardiome (CRME Quote) 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) climbed 13%. Jeff Macke said stock has been murdered in the last year. Take profits and move on, he said.

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

Drops

National City (NCC Quote) 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) was down 10%. Adami said the company's loss was below expectations.

E*Trade (ETFC Quote) 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) lost 8%.

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

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

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

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