Fast Money Traders Comment On Stocks That Are Making News On Monday

Pete Najarian

, about the headlines in

. It was reported that the company was in merger talks with

. Najarian explained that the merger talks have ended but there are still some rumors about pressure from Elliott Management to sell the stake in

and if that happens both stocks could trade higher, thinks Najarian. He added that it is safe to own both names.

dropped 3.83 percent on the news of

. Mike Murphy said that the stock was also hit by weaker than expected housing data and that it is currently trading 10 percent above its 52-week low. He thinks that there will be some kind of a recovery in the housing space. He is a buyer of

.

spiked 7 percent on the rumors that it rejected a takeover offer.The company has also sold some assets in Venezuela. Joe Terranova believes that there is more to come and the main reason is

exposure to the U.S. market because of the stronger U.S. dollar. Stephen Weiss said that

reported earnings on Monday and the stock declined 4.16 percent. He added that the revenues were little light and he is not sure that this is the end of the story because there might be more selling pressure to come.