Pops & Drops: Chesapeake Energy, Apple...
Following are the week’s biggest winners and losers. Find out why shares of Chesapeake Energy and Apple popped while General Motors and Valero dropped.
POPS (stocks that jumped higher)
Chesapeake Energy (CHK) popped 7%. Natural gas and oil continued to rip and as a result, they sent shares higher. – Great production numbers out of this company, explains Pete Najarian.
Apple (AAPL) popped 4%. The maker of the iPhone continued to rally after announcing that it will try to capture more corporate business. – I like it with a $132.50 stop, says Joe Terranova.
Ryder System (R) popped 7%. Positive sector comments out of Wachovia sent shares higher.
The Talbots (TLB) popped 29%. The company said it intends to secure an increase in it credit line.
DROPS (stocks that slid lower)
Royal Caribbean (RCL) dropped 3%. Lehman Brothers cut their price target citing slowing international growth. – Not so good, says Joe Terranova.
Airlines. The sector sold off after oil jumped 5% on the week. – The industry needs a merger, says Pete Najarian.
General Motors (GM) dropped 10%. The company touched a two year low this weak as Morgan Stanley cut its price target for the stock, citing a slowing economy and disappointing February sales. – Guy Adami is speechless.
Valero (VLO) dropped 7%. Shares of the refiner dropped in part because the rise in oil prices reduced the crack spread. – It’s a tough time for refiners, says Joe Terranova.
China ETF (FXI) dropped 5%. The Chinese Stock market continued to fall on both inflation concerns and worries about slowing growth in the U.S. – It could be getting interesting, says Guy Adami.
RH Donnelly (RHD) dropped 8%. Moody’s cut their outlook for R.H. Donnelley debt. On Thursday the company’s CEO told Fast Money his company “wasn’t dead yet.” – I would not be short this stock, says Karen Finerman. Nor would I be long. Click here to read the CEO interview.
Target (TGT) dropped 4%. Weak same store sales numbers took the stock down despite an announcement that it would sell about half its credit card receivables for $4B.
Maui. Maui may be the first area in the nation to average $4 for a gallon of regular
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Trader disclosure: On Mar.14,, 2008, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders: Finerman Owns (GS); Finerman's Firm Owns (AAPL), (FNM), (MSFT), (NMX), (NYX), (SKS), (TSO), (VLO), (WMT), (YHOO); Finerman's Firm Is Short (IYR), (SPY), (IWM), (IJR), (MDY), (COF); Finerman's Firm Is Short (LEH) And Owns (LEH) Puts; Pete Najarian Owns (AAPL), (AMR), (C), (MS), (MSFT), (NOK), (YHOO); Pete Najarian Owns (COP) Calls, (DNA) Calls; Pete Najarian Owns (FNM) Puts, (LEH) Puts, (USB) Puts; Finerman's Firm Is Long (CCU) Call Spreads