Skip navigation
MOST POPULAR RELATED TAGS
  • TOPICS
  • SECTORS
  • COMPANIES

FAST MONEY FEATURES

PollFast Money PollsFAST MONEY POLL
Get in the post game.  Respond to our "Question of the Day" right now.




Trade SchoolTRADE SCHOOL
Grab a pencil because school is in session and the Fast Money traders are teaching class.



PodcastFM PodcastsFAST MONEY PODCASTS
Download Fast Money onto your MP3 Player.




FM WIDGETFAST MONEY WIDGET
Grab this all-in-one application and get recaps of the show sent right to your desktop or blog.




ShopSHOP FOR FAST MONEY MERCHANDISE
Get your game on with Fast Money gear.




Wanna See Our PhotosFAST MONEY PHOTOS!
Check out our scrapbook.  These "pix" are guaranteed winners.




SignupNewsletterNEWSLETTER
Sign up and receive a recap email every Friday after the show!





FM Mobile AlertFAST MONEY MOBILE ALERTS
Get advanced information about the next Fast Money.



Fast Money DisclaimerFast Money BiosAbout Fast MoneyRapid RecapFast Money Home
Text Size
Mar.03
6:55 PM ET
Monday, 3 Mar 2008
Stocks On The Move: HSBC, Supervalu...

Pop & Drop
Following are the day’s biggest winners and losers. Find out why shares of HSBC (HBC) and Supervalu (SVU) popped while Google (GOOG) and LDK Solar (LDK) dropped.

POPS (stocks that jumped higher)

HSBC (HBC) popped 5%. Europe's biggest bank turned a 17% profit for the quarter, as its emerging market investments made up for US subprime losses. – It’s good news, says Karen Finerman.

ArcelorMittal (MT) popped 4%. A senior exec at the steel company said he expected steel prices to remain high throughout 2008. – I love this steel name, says Guy Adami.

Apple. The company topped Fortune Magazine's list of America's Most Admired Companies, up from #7 last year. Apple got it highest marks for innovation, people management, and quality of products.

Supervalu (SVU) popped 7%. The supermarket chain reported a higher than expected profit and forecast higher same store sales. – Take profits, counsels Jeff Macke.

MF Global (MF) popped 12%. The futures brokerage that fell sharply last week over major losses incurred by a "rogue wheat trader" recovered somewhat today after the CEO and other upper management bought up shares on the dip. – Interesting, says Pete Najarian.

Exelon (EXC) popped 4%. The energy company was upgraded to "Buy" from "Hold" at Jefferies.

Monsanto (MON) popped 3%. The ag name rose for no clear reason.

ArthroCare (ARTC) popped 7%. The surgery equipment firm hired Goldman Sachs to aid it in seeking "strategic alternatives."

Foreclosure Fiestas. Police in Bakersfield, California broke up a drunken party taking place in a foreclosed home over the weekend, a scenario that has been playing out across the country as more homes are left abandoned.

DROPS (stocks that slid lower)

Google (GOOG) dropped 3%. In a direct challenge to Google's internet-based software platforms, Microsoft unveiled online versions of Exchange and Sharepoint business software. – Stay away, says Jeff Macke.

LDK Solar (LDK) dropped 10%. Barron's raised eyebrows over this Chinese solar name's accounting of its silicon inventory. – Goldman downgraded it today, adds Pete Najarian.

Ambac (ABK) dropped 12%. The bond insurer said its writedown losses continued into 2008. – Hope is fading, says Karen Finerman

Advanced Micro Devices (AMD) dropped 6%. The Semiconductor Industry Association reported that global chip sales fell 3.6% in January. – Sell any rally in this stock, says Guy Adami.

Lennar (LEN) dropped 10%. Homebuilders were slammed across the board, Monday. – Too much debt, says Karen Finerman.

Pops & Drops
Loading...
Loading...
Loading...
Loading...
Loading...
Loading...
Loading...
Loading...
Loading...
Loading...
Loading...
Loading...

______________________________________________________
Got something to say? Send us an e-mail at and your comment might be posted on the Rapid Recap! Prefer to keep it between us? You can still send questions and comments to .

Trader disclosure: On Mar. 3, 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), (ATVI) (YHOO); Najarian Owns (AAPL), (C), (ETFC), (MS), (MSFT), (XLF); Najarian Owns (COP) Calls; Najarian Owns (YHOO) And (YHOO) Puts; Finerman Owns (GS); Finerman's Firm Owns (AAPL), (MSFT), (TSO), (YHOO), (BJS); Finerman's Firm Is Short (IYR), (IJR), (MDY), (SPY), (IWM); Finerman's Firm Is Short (LEH) And Owns (LEH) Puts; Charles Schwab Is A Sponsor Of "Fast Money"

© 2008 CNBC.com

Tools:
PrintEmailAdd This share icon
Next Post


Current DateTime: 03:49:59 10 Jul 2009
LinksList Documentid: 29778428

Current DateTime: 01:04:09 10 Jul 2009
LinksList Documentid: 29779196

Current DateTime: 06:35:27 10 Jul 2009
LinksList Documentid: 29779199

Current DateTime: 01:04:09 10 Jul 2009
LinksList Documentid: 29779198
CNBCCNBC
About CNBC  |  Site Map  |  Privacy Policy  |  Terms of Service  |  Video Reprints  |  Advertise  |  Help  |  Contact
Partners: AOL Money  |  BloggingStocks.com
CNBC is a Division of NBC Universal
  Data is a real-time snapshot *Data is delayed at least 15 minutes
Global Business and Financial News, Stock Quotes, and Market Data and Analysis

© 2009 CNBC, Inc.  All Rights Reserved.
Thomson ReutersThomson Reuters