General Motors (GM) was hit with a $35 million fine, the maximum the Department of Transportation can levy, over its failure to report its ignition switch defect. Finerman said she's tempted to get back into the stock on the long side. 

Chesapeake Energy (CHK) fell 5% and was the first stock on the show's "Pops & Drops" segment. "I wouldn't be a buyer," Grasso said.

Nordstrom (JWN) popped 15%. Finerman said the company had a good earnings report and called its management "great" at execution. 

Rackspace Hosting (RAX) soared 18%. Nathan said he would not "chase" after the stock at current levels. 

Pepsico (PEP) climbed 1%. Lebenthal said he was not a buyer of the stock. 

For their final trades, Nathan was a buyer of Cisco Systems and Lebenthal was buying Citigroup. Finerman was a buyer of Hertz Global Holdings (HTZ) and Grasso said to buy Aqua America (WTR). 

-- Written by Bret Kenwell in Petoskey, Mich.

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Bret Kenwell currently writes, blogs and also contributes to Robert Weinstein's Weekly Options Newsletter.

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