'Fast Money' Pops and Drops: Dell

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

Dell Computers (DELL Quote) was up 4% to $25.39. Guy Adami said news of the company entering into the MP3 business again has helped drive this stock up. However, he advises investors to take profits.

Philip Morris (PM Quote) rose by 3% to $53.72. Karen Finerman mentioned the company is "one of my favorite." The company rose after announcing it will buy Rothmans for $1.96 billion.

Southwest Airlines (LUV Quote) was up 2% to $16.08. Seymour said the stock was "up 25% from its recent lows" and believes "it's overdone."

Elan Corp (ELN Quote) was up 11% to $11.02. Finerman said, "I don't know if it's really considered a pop since the stock was trading at $13 last week."

Drops

Exxon Mobil (XOM Quote) was down about 4% to $76.60. Tim Seymour said he feels "that the trade continues to go," saying it is could continue to trend downward.

Dish Network (DISH Quote) fell 4% to $27.91. Jeff Macke joked, "People seem to be smoking more than they are buying satellites." The company reported increased profits today but a net loss of 25,000 subscribers.

CSX Corp (CSX Quote) was down 3% to $64.51. Adami contributes the stock going down due to shareholders issues. He feels the stock will continue to go down.

FreightCar America (RAIL Quote) fell sharply by 23% to $27.94. Macke simply does not like the stock.