Pops & Drops: Nokia, Halliburton...
Following are the day’s biggest winners and losers. Find out why shares of Nokia and Halliburton popped while Capital One and Garmin dropped.
POPS (stocks that jumped higher)
Nokia (NOK) popped 4%. The mobile phone maker moved up on speculation that it may settle a patent dispute with InterDigital -- but Nokia's CFO was quick to say that he was "less optimistic" about a settlement. – I like this stock, says Pete Najarian.
Halliburton (HAL) popped 2%. Crude closed flat Tuesday but oil service sector stocks were rallying. – I recommend owning this stock at current levels, says Tim Seymour.
Vegas Lifestyle. Michael Grasso, an internet entrepreneur, is putting his entire Las Vegas life up for sale on eBay for $800,000. This comes complete with his 2,750-square-foot home, Mercedes convertible, cell phone with contacts, and his 22-year-old female model roommate.
DaVita (DVA) popped 5%. The kidney dialysis firm made a big move for no clear reason. – I’m happy that I own it, says Karen Finerman.
China Life (LFC) popped 9%. The largest insurer in China doubled its profit for 2007 on increased sales of policies. – Not the right time to buy this stock, says Tim Seymour.
Charles Schwab (SCHW) popped 2%. The online broker closed higher Tuesday on no news. – I think Schwab will benefit from E*Trade’s weakness, says Pete Najarian.
Solarfun (SOLF) popped 21%. After Lazard upgraded the China based solar company called “Canadian Solar”, this other Chinese solar name also took off. – Solarfun is no fun, says Karen Finerman.
General Growth Properties (GGP) popped 7%. The second-largest owner and operator of malls said it would sell $800 million in shares to pay down debt. – I’m surprised, says Jeff Macke.
ICICI Bank (IBN) popped 6%. The India based bank purchased a stake in Jaiprakash, that country's largest dam builder.
Consol Energy (CNX) popped 5%. The coal company abandoned plans to buy the portion of CNX Gas Corp it doesn't already own, saying the price was "unreasonable."
Bear Stearns Memorabilia. A T-shirt "bearing" the Bear Stearns logo sold for $151.76 on eBay, as memorabilia from the investment bank have become hot items since its demise last week. Several more Bear items are currently up for sale on the auction site, including umbrellas, tote bags, golf balls, and even a plastic "bear" toy.
DROPS (stocks that slid lower)
Capital One (COF) dropped 2%. Friedman, Billings, Ramsey downgraded this credit card issuer to "underperform'' from "market perform.'' – Short this stock, says Karen Finerman.
Garmin (GRMN) dropped 4%. SiRF Technology, a maker of chips for GPS navigation devices, lowered its forecast on soft demand and the news knocked shares of Garmin. – Don’t buy this dip, counsels Jeff Macke.
Public Storage (PSA) dropped 5%. Bank of America downgraded the self-storage sector to "neutral" from "market weight." – Tough dip to buy, says Jeff Macke.
South Korea Soldier Hygiene. The high price of crude has led South Korea's military to enforce sweeping oil-conservation efforts, including asking its soldiers to take only one bath per week.
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Trader disclosure: On Mar.25, 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 (YHOO), (INTC); Najarian Owns (AAPL), (CSCO), (ETFC), (MS), (MSFT), (NOK), (TSO), (XLF), (YHOO); Najarian Owns (COP) Calls, (BSC) Calls; Finerman Owns (GS); Finerman's Firm And Finerman Own (HD); Finerman's Firm Owns (MO), (MO-W),(MSFT), (PM-WI), (TSO), (VLO), (YHOO), (SUN), (AAPL); Finerman's Firm Is Short (IYR), (IJR), (MDY), (IWM), (SPY), (COF); Seymour Owns (AAPL), (BX), (CSCO), (DELL), (F), (INTC), (MER), (TMA), (TSO); Seygem Asset Management Owns (IBN), (CX) (TTM); Charles Schwab Is A Sponsor Of "Fast Money"; NBC Universal Is The Parent Company Of CNBC