Jabil Circuit (JBL) popped 9%. Raymond James upgraded the electronics manufacturing name to "Strong Buy" and gave it an $18 price target. – I like this stock, says Jon Najarian.
Bill Cosby's sweaters. The comedian is auctioning off his legendary 80s-patterned sweaters featured on "The Cosby Show" for charity on eBay. The bidding begins at $5,000 a pop.
Thong bandits. Two crooks used an unusual disguise this weekend while robbing a Colorado gas station. They wore women's thongs over their heads as if they were ski masks. The skimpy undergarments didn't do much to conceal the identity of the thieves, leaving most each man's face exposed.
DROPS (stocks that slid lower)
TiVo (TIVO) dropped 9%. Dish Network and Echostar filed a lawsuit against TiVo for making public statements alleging that the latest DVR technology developed by the satellite companies infringes upon TiVo patents. – This is my heartbreak stock, says Jeff Macke.
Marriott (MAR) dropped 2%. The hotel chain's "Revpar" (revenue per available room) was below a previous forecast on lower U.S. demand. – Disappointing, says Karen Finerman.
Lion's Gate Entertainment (LGF) dropped 8%. The company behind the "Saw" film franchise posted a larger-than-expected annual loss. –Guy Adami doesn’t know what to say.
UAL Corp. (UAUA) dropped 8%. The airline's CEO said the company will not pursue a merger with US Air. – Stay away, says Jon Najarian.
Warner Music Group (WMG) dropped 9%. The music publishing home of Missy Elliott and the Red Hot Chili Peppers was downgraded to "Underperform" by Merrill Lynch. – I don’t like this stock, says Jeff Macke.
Berkshire Hathaway (BRK) dropped 2%. Even Warren Buffett's Berkshire Hathaway was pulled down by the financial sector’s fallout Monday afternoon. – If there was ever a stock not to judge on one day’s performance it’s this one, says Karen Finerman.
Bank of Ireland (IRE) dropped 7%. UK financials have been falling on evidence of a housing slump in Britain. – I have concerns about this stock, says Jeff Macke.
Corinthian College (COCO) dropped 3%. The for-profit institution of higher learning sank on word that major banks had stopped offering student loans for 2-year colleges.
Harris Corp. (HRS) dropped 16%. Shares tanked after the CEO of the military communication company said they were not for sale.
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 June 2, 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 (INTC), (DIS), (MSFT), (WMT); Adami Owns (C), (AGU), (BTU), (NUE), (GS), (INTC), (MSFT); Finerman Owns (GS), (AAPL); Finerman's Firm Owns (GE), (MSFT), (NYX), (SBUX), (SUN), (TSO), (VLO); Finerman's Firm Is Short (IYR), (IJR), (MDY), (SPY), (IWM); Finerman's Firm Owns SPX Index Puts; Finerman's Firm And Finerman Own (C) And (C) Leaps; Jon Najarian Owns A Call Spread In (HOC), (MEE), (SBUX), (TSO), (VLO), (AAPL), (COP), (FTO); Jon Najarian Owns (ACI) Call Spreads And Calls; Jon Najarian Owns (ANR) Calls Spreads And Calls; Jon Najarian Owns (C) Preferred Shares; Jon Najarian Owns (KEY) Puts, (LEH) Puts; Jon Najarian Owns (SNM); GE Is The Parent Company Of CNBC; NBC Universal Is The Parent Company Of CNBC