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