Countrywide Financial (CFC) popped 2%. The nation's largest mortgage lender, after a disastrous year, received a pop before the ball dropped. – Brian Schaeffer says sell the pop.
Legg Mason (LM) popped 3%. The money manager lowered its exposure to SIVs to 3.2% of its total liquidity assets, down from 6.4% at the end of October. – Stay away, says Carter Worth.
Mastercard (MA) popped 2%. After a phenomenal run this year, Mastercard added to its gains to close out 2007. – Guy Adami is bullish on MA.
DROPS (stocks that slid lower)
Pakistani stocks dropped 5%. Stocks slid on the first day of trading following the assassination of Benazir Bhutto. – Jon Najarian prefers playing India.
Crocs (CROX) dropped 3%. The maker of rubber clogs was down on no news. – I don’t like this stock, says Brian Schaeffer.
Jessica Simpson. Her new film, Blonde Ambition, brought in only $1,322 and is headed for DVD.
China Sunergy (CSUN) dropped 3%. Solar names - Chinese ones in particular - continue to tack-on gains. – Carter Worth is a skeptic.
Las Vegas Sands (LVS) dropped 3%. You should've bet against the house Monday -- shares of Las Vegas Sands, which controls the Venetian, were down. – Jon Najarian likes the stock on a further dip.
Nucor (NUE) dropped 3%. The energy bill signed by President Bush last week has been weighing on steelmakers, as U.S. auto companies look to use lighter materials. – Guy Adami likes the stock as a possible takeover target.
The Ball. In Times Square the world famous ball was revamped this year with 9,576 energy-efficient LEDs that use about the same amount of electricity as 10 toasters. Philips Lighting, which created the diodes, says they are smaller but more than twice as bright as last year's lights.
* Note: On Monday December 31st the Fast Money panel was made up of:
Brian Schaeffer, Van Der Moolen Capital Markets Managing Director
Carter Worth, Oppenheimer Chief Market Technician
Jon Najarian (Pete’s brother) aka The Monster
Guy Adami aka The Negotiator
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Trader disclosure: On Dec. 31, 2007, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Jon Najarian Owns (AGU), (AAPL), (BAC), (BSC), (C), (CSCO), (DPTR), (ELON), (GS), (LEH), (MA), (MER), (MON), (MOS), (RIMM), (SOLF), (TSO), (VLO), (WM), (UBS), (XLY), (SBUX); Jon Najarian Is Long Hang Seng Index; Armstrong Owns (UUP) ; For Carter Worth – Oppenheimer & Co. Has Received Compensation For Investment Banking Services Provided To Wachovia On May 1, 2007; Oppenheimer & Co. Is A Market Maker In (ISRG, (YHOO) and (RIMM)