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) -- The markets drifted Monday as financials fell ahead of the upcoming debate in the Senate on financial reforms.


Dow Jones Industrial Average

edged up 0.75, or 0.01%, to 11,205.03, while the

S&P 500

fell 5.22, or 0.43%, to 1,212.06. The


lost 7.20, or 0.28%, to 2,522.95.

Guy Adami said on


's "Fast Money" TV show that

Goldman Sachs

(GS) - Get Goldman Sachs Group, Inc. Report

has taken a decidedly bearish turn since the SEC filing and could fall further if it reaches $148.

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For a breakout of some stocks from a recent "Fast Money" TV show,check out Dan Fitzpatrick's "3 Stocks I Saw on TV."

3 Stocks I Saw onTV

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Joe Terranova said he's uncertain whether the financials will continue to weaken if there is a broad rally in the rally. Pete Najarian attributed most of the volatility in today's session to the financials.

Anthony Scaramucci said Goldman is losing in the court of public opinion and its uncertain fate will cast a cloud over the rest of the sector. Terranoval said

Morgan Stanley

(MS) - Get Morgan Stanley Report

stands to benefit from Goldman's fall.

Melissa Lee, the moderator of the show, noted some breaking news that a deal had been reached on derivatives legislation that will call for transparency and be friendly to the exchanges that will handle the derivatives in the future.

Terranova said


(CME) - Get CME Group Inc. Class A Report



(ICE) - Get Intercontinental Exchange, Inc. Report

are well positioned to do well in this market, while the Big Five, including names like

Morgan Stanley

(MS) - Get Morgan Stanley Report


JPMorgan Chase

(JPM) - Get JPMorgan Chase & Co. Report

, stand to lose $25 billion from price discovery through the exchanges.

Adami said establishing a derivatives market would be good for

Nasdaq OMX


. Najarian said it would provide a boost as well for CME.

Shifiting to Citigroup and the Treasury's plans to unload its stake in the company. Adami said he was worried about the stock because it never traded above $5 recently and appears to be heading lower.

Terranova called Citigroup his sleeper pick and predicted it will move higher after the Treasury Department sells its shares. Seymour, though, said he didn't want to be near it because he felt the Treasury Department will be hanging around the stock for a long time.

Jeffrey Harte, an analyst with Sandler O'Neill, is bullish on Citigroup because he expects institutional investors, who have been underweight in the stock, to step in and buy the shares. He said Citigroup is cheap in terms of valuation, has a strong balance sheet and is exposed to the international consumer.

Shifting to some notable earnings during the session, Lee said

Texas Instruments

(TXN) - Get Texas Instruments Incorporated Report

was up after beating expectations and raising guidance. She also said



was up after a solid earnings report.

Patty Edwards said Radioshack was doing exactly what was expected -- closing nonperforming stores, focusing on mobile and getting out of


( PALM). Terranoval said Texas Instruments was the best in breed and relatively cheap to own, at 12 times earnings.

Lee said it was "Merger Monday" after


(HTZ) - Get Hertz Global Holdings Inc Report

agreed to buy

Dollar Thrifty

(DTF) - Get DTF Tax-Free Income Inc. Report

for $1.2 billion in stock and cash. Seymour also lauded

Charles River Labs

(CRL) - Get Charles River Laboratories International, Inc. Report

and its plans to buy Wuxi PharmaTech, a Chinese pharmaceutical outsourcing company.

Gary Kaminsky focused on


(WHR) - Get Whirlpool Corporation Report

, which soared after raising its 2010 outlook.

Kaminsky said Whirlpool is the kind of stock that will perform well in an economy in which interest rates are rising. Patty Edwards, though, disagreed, saying these companies will see business fad after the rehab of foreclosed homes starts to slow down.

With his ear to the wall, Najarian said there's been unusual amount of options activity in



, a tech storage company.

Lee asked the panel for their comments on Goldman's decision to remove


(GOOG) - Get Alphabet Inc. Class C Report

from its conviction buy list. Seymour said he expects the stock will fall further. Terranova said the price action has been heavy on the stock despite the company's strong fundamentals. Adami said the stock hasn't performed well for the past week and a half.

In a segment called "iLosers" after



(AAPL) - Get Apple Inc. Report

blowout earnings last week, Lee mentioned some stocks that might be affected negatively.

Terranova said Google will certainly be under pressure, but he still liked its business model. Seymour said


(QCOM) - Get Qualcomm Inc Report

was being unfairly punished for doing more deals. And Najarian said

Research In Motion


( RIMM) new operating system should help turn around the stock.

Lee brought in Richard Pops, CEO of


(ALKS) - Get Alkermes Plc Report

, which has been working on a once-a-week blockbuster diabetes drug called Bydureon.

Pops said his company will be paid an 8% royalty on the first 40 million units sold in a year. The company is also working on a drug to block opiod addiction that it expects FDA action on by year's end.

Lee said the Case Shiller Index report comes out Tuesday with possibly the first home price increase in a year. Edwards said the homebuilders have a phenomenal run so far this year and the better play would be to look for something else in the same area.

In the final trades, Seymour liked


(TKC) - Get TURKCELL Iletisim Hizmetleri AS Report

. Adami liked the

Nasdaq OMX Group


. Terranova maintained his short of


(CMA) - Get Comerica Incorporated Report

and Najarian liked


(MCD) - Get McDonald's Corporation Report


-- Written by David Tong in San Francisco

To watch replays of Cramer's video segments, visit the Mad Money page onCNBC


"Check out

"'Fast Money'Portfolios of the Week" on Stockpickr every Thursday.

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