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

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

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

Drops

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

E*Trade ( ETFC - Get Report) was off 9%. When your stock goes down 9% on a competitor's downgrade it's time to get out, Macke said.

Jeffries ( JEF) lost 8%.

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

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

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

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

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