Following are the day’s biggest winners and losers. Find out why shares of JPMorgan and General Motors popped while Deere and Allstate dropped.
POPS (stocks that jumped higher)
JPMorgan (JPM) popped 3%. The stock climbed after Bernanke assured investors the government doesn’t plan on nationalizing Citi and other banks. - The reaction from the Street has been very positive overall, explains Pete Najarian.
Proshares Ultrashort Lehman 20 Yr ETF (TBT) popped 3%. The ETF that tracks the inverse of Treasuries popped as US treasuries fell after a record $32 billion sale of 5 yr notes. - I think we see it go higher.
General Motors (GM) popped 15%. The move comes ahead of a planned meeting between CEO Rick Wagoner and the auto committee in which he’s expected to request additional loans. - The circus goes on, bristles Jeff Macke.
Discovery Communications (DISCA) popped 13%. The owner of the Discovery Channel beat on fourth quarter earnings.
DineEquity (DIN) popped 13%. The operator of Applebee’s and IHOP reported fourth-quarter earnings that beat expectations and the company eased investors’ concerns about debt obligations. - There's a big short interest in this stock, explains Karen Finerman.
DROPS (stocks that slid lower)
Deere (DE) dropped 5%. Curiously, this stock did not participate in the agriculture rally today. - I think there are a lot of reasons to be positive on this stock longer term, says Zach Karabell.
Transports (.DJT) dropped 4%. The transport names dropped as demand continued to decline. - When oil goes up you see a big move to the downside in transportation, explains Pete Najarian.
Allstate (ALL) dropped 6%. The insurer said it will cut its dividend to 20 cents a share from 41 cents a share in an effort to preserve capital. - I think cutting the dividend was the right thing to do, says Karen Finerman. However the rest of the business doesn't look so hot.
First Solar (FSLR) dropped 22%. The world’s largest maker of thin-film solar power modules predicted 2009 sales will be below estimates. - Commander Planet took one in the wobblies, says Jeff Macke.
BHP Billiton (BHP) dropped 4%. Analysts believe prices for iron ore may fall as much as 30% due to a decline in demand. - And they want to raise their prices, that's going to be a tough sell, says Zach Karabell.
DreamWorks (DWA) dropped 11%. The animation studio behind Shrek missed on fourth-quarter earnings due to lower DVD sales.
JM Smucker (SJM) dropped 6%. The maker of Jams and Jif Peanut butter forecast 2009 earnings below analysts’ expectations, hurt by the peanut butter recall though Jif was not among the tainted products.
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Trader disclosure: On Feb. 25th, 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 (GE) Put Spread; Najarian Owns (DNA) Calls; Najarian Owns (FCX) & (FCX) Calls; Najarian Owns (GDX) & (GDX) Short Calls; Najarian Owns (HPQ) Calls; Najarian Owns (MSFT); Najarian Owns (MS) & (MS) Short Calls; Najarian Owns (X) Put Spread; Najarian Owns (WFC) & (WFC) Calls; Karabell Owns (AAPL), (BHP), (FCX), (GOOG), (GLD), (JPM); Macke Owns (MS), (TM), (SDS), (DIS); Finerman Owns (RIG), (DAI); Finerman's Firm Owns (DNA), (MSFT), (RIG); Finerman's Firm Is Short (IYR), (IJR), (IWM), (MDY), (SPY), (USO); Finerman's Firm Is Short (BBT); Finerman's Firm Owns (WFC) Preferred