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