'Fast Money' Pops and Drops: Dell

The trading panel notes the stock is up 4% and says investors should take profits.

Author:: TSC Staff
Publish date:: Aug 4, 2008 6:46 PM EDT

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

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) - Get Report

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) - Get Report

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)

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) - Get Report

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) - Get Report

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) - Get Report

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) - Get Report

fell sharply by 23% to $27.94. Macke simply does not like the stock.

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