Russell 2K ETF (IWM) popped 2%. The ETF that tracks small caps exploded Monday, following big brother DOW up the charts amid increased deal activity. – Pete Najarian suggests IWM won’t be a part of the large cap rally.
BorgWarner (BWA) popped 4%. This auto parts maker pumped on all cylinders, after Barron's said it could merit a $110-valuation. Shares are currently at $95. – Guy Adami still likes BWA.
USG Corp. (USG) popped 4%. The largest maker of gypsum wallboard in the US was just one of several construction and infrastructure firms that climbed Monday. – Pete Najarian says this stock is nowhere near its June highs.
Electronic Arts (ERTS) popped 4%. The video game maker had a strong showing amid the rally. – Jeff Macke says get long the video game makers for the Holidays.
AMR Corp. (AMR) popped 12%. Even a Citigroup downgrade couldn't stop this parent company of American Airlines from rallying on lower crude prices and a love piece in Barrons. – Guy Adami thinks AMR is a sell.
First Solar (FSLR) popped 8%. The solar names were still red hot as enthusiasm for another alternative - ethanol - has waned. Pete Najarian thinks FSLR has more upside however he prefers Cypress.
DROPS: (stocks that slid lower)
SuperValu (SVU) dropped 6%. Bank of America expects Supervalu to come under pressure during the next year and initiated coverage with sell rating. Jeff Macke likes this stock.
Acxicom (ACXM) dropped 20%. Shares of the data management firm, got the rug pulled out from under them, as a $2.25 billion deal was cancelled. – Karen Finerman thinks there’s something wrong at the company.
Mets. The New York baseball team, in first place since May, blew their chance at the playoffs by losing 8 to 1 to the Marlins, in what has been described as the worst collapse in baseball history.
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Trader disclosure: On Oct 1, 2007, 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 (HAS), (ATVI), (INTC), (SWY); Najarian Owns (GS) Options; Finerman's Firm And Finerman Own (FLS); Web Caller Roger Nesham Owns (DE), (AGU)