ICICI Bank (IBN) popped 10%. The Mumbai-based bank rose as India's SENSEX index hit a record-high. – I like IBN, says Pete Najarian.
Home Depot (HD) popped 2%. This home improvement retailer moved higher for no apparent reason. – Why would you bother, asks Jeff Macke.
TV. At CES Monday, Sharp announced it would bring to market a 108-inch LCD TV by the end of 2008.
Krispy Kreme (KKD) popped 11%. The donut dealer's CEO Daryl Brewster resigned and will be replaced by Chairman James Morgan. – This stock will never look good to me, says Jeff Macke.
Sony (SNE) popped 3%. On Friday, Warner Bros. said it would support Sony's Blu-ray HD format exclusively.
National City (NCC) popped 5%. After last week's 49% dividend cut led to a sell-off in shares, National City recovered some of its losses Monday.
Ninjas. The so-called "Ninja Bandit" has eluded the NYPD for the 19th time, most recently burglarizing a Staten Island home to the tune of $100,000. The robber, costumed as a ninja and armed with nunchucks, has escaped capture since a string of heists beginning in May.
DROPS (stocks that slid lower)
Hewlett Packard (HPQ) dropped 3%. The PC-giant was sent south amid the tech wreck. – I think the stock is attractive, says Guy Adami.
Crocs (CROX) dropped 14%. Slow business caused the colorful rubber clog-maker to cut its workforce at the end of 2007, according to the Rocky Mountain News. – I think it’s overdone, says Karen Finerman.
Goldman Sachs (GS) dropped 3%. The veritable investment bank, dropped Monday for no clear reason. – I still think the stock is a buy, says Karen Finerman.
Kid Rock. The rocker tells MainStreet.com Apple (AAPL) is “The Best [Expletive] ever but the stock goes lower.
NetSuite (N) dropped 12%. Larry Ellison's “other” software company, which jumped 40% after its IPO in late December, has been caught in the midst of the tech sell-off. – I think it’s a buying opportunity, says Pete Najarian.
Solarfun (SOLF) dropped 16%. The once red-hot Chinese solar stock cooled off Monday as oil pulled back. – It was a party that lasted a little too long. Stay away, says Karen Finerman.
Fortress Investment Group (FIG) dropped 4%. The private-equity-firm-gone-public stumbled Monday for no apparent reason.
Got something to say? Send us an e-mail at firstname.lastname@example.org and your comment might be posted on the Rapid Recap! Prefer to keep it between us? You can still send questions and comments to email@example.com.
Trader disclosure: On Jan 7, 2008, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Macke Owns (ATVI), (INTC), (YHOO); Najarian Owns (MCD), (N), (ISIS); Najarian Owns (SYY) Options, (VLO) Options, (YHOO) Options, (AAPL) Options; Finerman's Firm Owns (CROX), (GS), ( HD), (VLO), (YHOO), (DVA); Finerman's Firm Is Short (IJR), (IYR), (SPY), (IWM), (SPG), (TCO); Finerman's Firm Owns (MDY) Puts And Is Short (MDY); Finerman's Firm Owns (MSFT) Options; Finerman's Firm Owns S&P 500 Puts; Finerman's Firm Owns Russell 2000 Puts