Stocks On The Move: Big Lots, Dupont...
Following are the day’s biggest winners and losers. Find out why shares of Big Lots and Dupont popped while Heelys and Chico's dropped.
POPS (stocks that jumped higher)
Big Lots popped 22%. The company forecast a quarterly profit 35% higher than analyst expectations - yet another discount retailer thriving as penny-pinching consumers start buying in bulk. – The long side looks interesting, says Jeff Macke.
IHOP popped 7%. The CEO of the pancake peddler maintained her outlook for improved same store sales at Applebee's, which IHOP acquired in November. – Wish I owned it, says Karen Finerman.
Dupont popped 2%. Credit Suisse initiated coverage on DuPont with an outperform rating and $57 price target. – I like this stock, says Guy Adami.
Canadian Solar popped 17%. Oddly enough Canadian Solar is based in China andon Wednesday the company swung to a profit. – I’m getting interested in solar, says Pete Najarian.
Fluor popped 4%. Fluor subsidiary won a $100M contract to build a nitrogen injection plant in Mexico. – It could be a little overdone to the upside, says Karen Finerman.
C.V.R.D. popped 4%. The Brazilian miner broke a four day losing streak as investors flocked back to commodity names. – You can own this one, says Jeff Macke.
Maidenform Brands popped 17%. Generous returns from this bra maker, as demand for their wholesale brands drove a doubling of profits. – Don’t chase it, says Jeff Macke.
Minigun. The Swiss Minigun is the world's smallest working revolver, at just 2.16 inches. But its bullets, which travel 270 mph, are still deadly.
DROPS (stocks that slid lower)
Heelys dropped 6%. The maker of "rollerskate" shoes said sales dropped 86%, which led to a profit loss. – They have too much inventory, says Pete Najarian.
Chico's dropped 14%. The women's clothing store said it expects negative same-store sales for the first half of 2008 and lower earnings than the first half of 2007. – Specialty retail is where love goes to die, says Jeff Macke.
Smoking. A new poll indicates that smoking among American adults is at 17%, the lowest in the 25 years that Harris Interactive has been taking the survey.
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Trader disclosure: On Mar. 5, 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 (NOK), (YHOO), (INTC); Najarian Owns (AAPL), (BIIB), (C), (CSCO), (MS), (MSFT), (XLF); Najarian Owns (YHOO) And (YHOO) Calls; Najarian Owns (COP), Calls(AKAM) Calls; Finerman Owns (GS); Finerman's Firm And Finerman Own (KALU); Finerman's Firm Owns (AAPL), (BJS), (MSFT), (SKS), (TSO), (WMT); Finerman's Firm And Finerman Own (CROX); Finerman's Firm Owns (YHOO) And (YHOO) Call Spreads; Finerman's Firm Is Short (GLD), (IYR), (MDY), (SPY), (IWM), (IJR); Finerman's Firm Is Short (LEH) And Owns (LEH) Puts