Pops & Drops: Mastercard, Yahoo!...
Following are the day’s biggest winners and losers. Find out why shares of Mastercard and Continental Airlines popped while Yahoo and Time Warner dropped.
POPS (stocks that jumped higher)
Mastercard (MA) popped 3%. This stock popped in anticipation of the Visa IPO, next week. – I like it, says Guy Adami.
Continental (CAL) popped 5%. The airline announced plans to develop a next generation flight operations program. – Oil has to drop for this stock to really pop, counsels Pete Najarian.
Peabody Energy Corp (BTU) popped 7%. Shares of coal stocks continued to rise along with other commodity related names. – I love the coal trade but I prefer the ETF, says Joe Terranova.
Research in Motion (RIMM) popped 4%. A new Wi-Fi device unveiled Thursday extended the stock’s five day rally. – RIMM makes great products, says Pete Najarian.
Fannie Mae (FNM) popped 10%. Shares of the government sponsored home funding company jumped on a Fox Pitt upgrade of Freddie Mac. – It’s just a little overdone, says Karen Finerman.
Newmont Mining (NEM) popped 5%. The miners had a good time as gold reached $1000 an ounce. – I don’t like this stock, says Joe Terranova.
”K-Fine In 09” - Fast Money fans started a "MySpace" page in support of Finerman’s fictional political campaign. Don’t believe us. Click here to see for yourself.
DROPS (stocks that slid lower)
Yahoo (YHOO) dropped 3%. Shares fell on speculation that a large block of stock is being shopped around. – I bought a little on Thursday, says Karen Finerman.
Billy Crystal. The comedian signed a one-day contract to play for The Yankees, in an exhibition game against the Pittsburgh Pirates. Unfortunately, he struck out.
Time Warner (TWX) dropped 2%. The media titan slipped after it bought global social media network Bebo for $850 million in cash. In case you’re wondering, Bebo ranks third, behind MySpace and Facebook. – I’m not impressed, says Guy Adami.
Hanson Natural Corp (HANS) dropped 4%. The energy drink maker dropped after revealing margins shrank in Q4 partly due to rising commodity costs. – I’d consider it but only as a trade, says Guy Adami.
American International Group (AIG) dropped 3%. Morgan Stanley downgraded the company and said it could have greater losses. – I can’t figure it out, says Karen Finerman.
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Trader disclosure: On Mar.13, 2008, 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 (AAPL), (BIIB), ( C), (CSCO), (MS), (YHOO), (MSFT); Najarian Owns (FNM) Puts; Najarian Owns (DNA) Calls, (COP) Calls; Finerman Owns (GS); Finerman's Firm And Finerman Own (HD); Finerman's Firm Owns (AAPL), (AEO), (FNM), (MSFT), (TSO), (VLO), (WMT), (YHOO), (SUN); Finerman's Firm Is Short (IJR), (IYR), (MDY), (SPY), (IWM), (COF), (LEH); Gartman Owns (COIN), (PBR), (GLD), (GWR), (SJT), (DE), (NFLX), (CQB), (SDS); Gartman Is Short (GM), (DRYS), (GOOG), (CME), (WFMI), (SWY), (ING); CIBC Gartman Index Owns Gold, The Euro, Sugar; GE Is The Parent Company Of CNBC