Trimble (TRMB) popped 5%. Our unlikeliest Ag-play yet: Shares of the GPS navigation firm rose after an analyst said increased farm spending will boost sales of Trimble's handheld devices, often used by agricultural surveyors. – Stacey Gilbert says she’s a buyer.
Valero (VLO) popped 4%. The nation's largest oil refiner was upgraded at Citi, which said lower ethanol prices would improve Valero's margins in processing the corn-based fuel. – Tim Seymour recommends selling into the upgrade.
AK Steel (AKS) popped 11%. The nation's 3rd largest steelmaker popped after settling a healthcare lawsuit with retirees. – Stacey Gilbert recommends taking profits.
Apple (AAPL) popped 4%. Shares of the iPhone maker climbed after word that Google was, in fact, not making a "G-Phone." – Jeff Macke doesn’t know what to say.
China Digital TV (STV) popped 41%. After rising 75% on its IPO Friday, the Chinese cable systems operator jumped more today. – Tim Seymour says China will make all TV digital by 2010.
DROPS: (stocks that slid lower)
Ryder Systems (R) dropped 7%. The largest U.S. truck leasing company said profit missed estimates due to the housing slowdown. – Jeff Macke says stay away.
ConAgra (CAG) dropped 3%. The company moved lower on no news. – Jeff Macke doesn’t like this stock.
Freeport McMoRan (FCX) dropped 2%. The world's second largest copper producer slipped as copper prices fell almost 3% Monday. – Pete Najarian isn’t concerned.
Hong Kong ETF (EWH) dropped 2%. Hong Kong stocks were led lower by CNOOC and China Mobile on concerns the recent rally might be overheating. – Tim Seymour thinks it’s a respite.
LDK Solar (LDK) dropped 26%. The Chinese solar play got burned after a Barron's story raised questions about their financial reporting. – Pete Najarian says this company was never on his solar “buy” list.
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Trader disclosure: On Oct 8, 2007, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders: Najarian Owns (VCLK), Najarian Owns (GOOG) Calls: Seygem Asset Management Owns (AA), (AAPL), (EEM), (GLD), (MSFT), (TIE), (CX), (ITU): Stacey Gilbert Is Chief Options Strategist For Susquehanna Financial Group, LLLP; Gilbert Is Head Of Market Intelligence Research For Susquehanna Financial Group, LLLP; Gilbert Does Not Cover Individual Securities But Does Recommend Trading Strategies; Gilbert Owns (TIE); Susquehanna Financial Group Owns More Than 1% Of (AAPL), (AKS), (BSC), (FCX), (GOOG), (GRMN), (NYX), (PALM), (RIMM); Susquehanna Financial Group Is A Market Maker In (AAPL), (AMZN), (BOBJ), (CSCO), (CTCM), (CETV), (EEM), (EWZ), (EWH), (FXI), (GOOG), (GLD), (GRMN), (MSFT), (PALM), (RIMM), (TRMB), (TLAB), (YHOO)