'Fast Money' Pops and Drops: Costly Corn - TheStreet

'Fast Money' Pops and Drops: Costly Corn

The trading panel says rising costs will hurt ConAgra.
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Before Erin Burnett started the "Pops and Drops" segment of CNBC's "Fast Money," she mentioned that Ambac Financial Group (ABK) was rallying more than 12% in after-hours trading after the news that one of its subsidiaries was granted regulatory approval in Wisconsin to offer municipal bond insurance.

Burnett also highlighted

ConAgra Foods

(CAG) - Get Report

, which dropped 5% after the company cut its first-quarter forecast due to rising input costs. Macke said get out of ConAgra.

Pops

Prudential Financial

(PRU) - Get Report

popped 5% to $77.44 off a bullish story in Barron's over the weekend. Finerman said she is lukewarm on the stock.

Goodyear Tire and Rubber

(GT) - Get Report

jumped 4% to $20.44. Macke said it's moving up because people are buying more autos.

Staples

(SPLS)

rose 2% to $24.77 ahead of the company's earnings report set for Tuesday. Finerman said she isn't optimistic.

Carnival

(CCL) - Get Report

added 5% to $39.13. Macke said that if he were long Carnival, he would be "cruising" over to the phone to call his broker and sell his shares.

Drops

Gilead Sciences

(GILD) - Get Report

lost 4% to $50.28. Adami pointed out that drop was due to a downgrad out of Bank of America. He thinks the stock is a buy on any dip.

Chesapeake Energy

(CHK) - Get Report

dropped 6% to $45.24 after the natural gas company announced it sold some of its assets to

BP

(BP) - Get Report

. Najarian said that as commodities dip, this is one of those stocks that will fall with it.

Bucyrus International

(BUCY)

plunged 10% to $62.48. Adami pointed out that the big drop was due to a call from JPMorgan which started the stock with a "neutral" rating. He says the stock is getting interesting here.

This article was written by a staff member of TheStreet.com.