Walter Industries (WLT) popped 12%. Shares of the industrial name touched a 52-week high on expectations of higher coal prices. – I think it’s the right spot in the right time, says Pete Najarian
Freeport McMoRan (FCX) popped 5%. Power shortages in emerging markets are expected to knock metal mines offline, which in turn could send up prices for copper and gold. – I think it’s going to $200, says Guy Adami.
Old Soda-Pop. Coke is bringing back its vintage "diamond label" bottle from 1906 in limited quantities and printing a line of "vintage" t-shirts to go along with the campaign. No word on whether Coke is switching to glass to defray the cost of aluminum, up 15% in the last 3 months.
Intrepid Potash (IPI) popped 8%. The recently debuted fertilizer company jumped on Monday for no clear reason. – Take some profits, counsels Pete Najarian.
Melco PBL Entertainment (MPEL) popped 7%. Barron's spotlighted Stanley Ho's casino as the best buy in Macau. – I’m not sure, says Karen Finerman.
U.S. Steel (X) popped 6%. Another metals name heated up Monday as the price of steel surged at auction. – It’s always a pop, says Guy Adami.
LDK Solar (LDK) popped 5%. Oil's surge back to $120 per barrel sent alternative energy shares higher. – I wouldn’t go crazy, says Pete Najarian.
Beer coffin. Bill Bramanti, a 67-year old man from Chicago, has custom ordered his coffin to look like a giant can of Pabst Blue Ribbon.
DROPS (stocks that slid lower)
General Motors (GM) dropped 4%. Workers at a Kansas plant walked off the job over a labor dispute and disrupted production of the popular Chevy Malibu. – I’m not a GM fan, says Guy Adami.
Ambac (ABK) dropped 9%. Over the weekend Warren Buffett said the other bond insurers shouldn't still have AAA-ratings. – It’s not good, says Karen Finerman.
Limited Brands (LTD) dropped 5%. Retailers, like this maker of Victoria's Secret, closed lower on concerns that high gas prices will slow consumer spending. – Time to move along, says Jeff Macke.
Churchill Downs (CHDN) dropped 5%. Shares of the racetrack operator dropped after Friday downgrades. – Not loving this stock right now, says Jeff Macke.
Fannie Mae (FNM) dropped 4%. The mortgage lender is expected to report another loss when earnings come out Tuesday. – I’m curious, says Karen Finerman.
Got something to to say? Send us an e-mail at firstname.lastname@example.org and your comment might be posted on the Rapid Recap! If you'd prefer to make a comment but not have it published on our website send your e-mail to email@example.com.
Trader disclosure: On May 5, 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 (MSFT), (DIS), (INTC), (HAS); Adami Owns (AGU), (NUE), (BTU), (C), (GS), (INTC), (MSFT); Najarian Owns (AAPL), (TSO), (XLF); Najarian Owns (C) Calls, (MSFT) Calls, (POT) Calls, (BUD) Calls; Najarian Owns (YHOO) And Is Short (YHOO) Calls; Finerman Owns (GS); Finerman's Firm And Finerman Own (HD); Finerman's Firm Owns (MSFT), (TSO), (VLO), (VCLK); Finerman's Firm Owns (YHOO) And (YHOO) Call Spreads; Finerman's Firm Owns S&P 500 Puts; Finerman's Firm Is Short (IYR), (IJR), (MDY), (SPY), (IWM); Finerman's Firm Is Short The British Pound; Finerman's Firm And Finerman Own (C) And (C) Leaps; Finerman's Firm Owns (FNM) Calls; GE Is The Parent Company Of CNBC; NBC Universal Is The Parent Company Of CNBC