Macy’s (M) popped 7%. Many analysts upgraded the stock saying that a slight uptick in the economy should lead the department store to higher earnings. - I'd play their debt and not the stock, counsels Karen Finerman.
Freeport-McMoRan (FCX) popped 4%. The miner of gold and copper climbed along with the spot price of most metals. - Copper inventories continue to diminish, exlains Guy Adami.
J. Crew Group (JCG) popped 7%. The retailer beat on fourth-quarter earnings and met the Street’s expectations with its first-quarter forecast.
United Parcel Service (UPS) popped 4%. Analysts say the firm is benefiting from less competition in the US now that DHL Express ended its domestic air and ground service.
Motorola (MOT) popped 3%. Oppenheimer upgraded the firm to “outperform” from “perform” saying there is too much pessimism surrounding the company.
Wendy’s Arby’s Group (WEN) popped 7%. Goldman upgraded the company to ‘buy’ and said their balance sheet is improving.
Cheesecake Factory (CAKE) popped 10%. Goldman upgraded the stock to “buy” on expectations of outperformance.
DROPS (stocks that slid lower)
General Electric (GE) dropped 4%. Despite recent strength this stock finished in negative territory. - It had a huge run and investors were taking profits, says Pete Najarian.
LDK Solar (LDK) dropped 14%. The firm reported a fourth-quarter loss and forecast revenue for the current quarter that missed analysts’ expectations. - Not so good, says Pete Najarian.
American Express (AXP) dropped 2%. Goldman downgraded the company to “Conviction Sell” citing earnings headwinds. - This stock is trading at such a trough it's probably worth a look, counsels Zach Karabell.
Athenahealth (ATHN) dropped 7%. Wal-Mart announced a plan to enter the digital health records field, making the retail giant a rival.
Got something to to say? Send us an e-mail at email@example.com and your comment might be posted on the Rapid Recap! If you'd prefer to make a comment but not have it published on our website send your e-mail to firstname.lastname@example.org.
Trader disclosure: On Mar. 11th, 2008, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Adami Owns (AGU), (BTU), (C), (GS), (INTC), (MSFT), (NUE); Najarian Owns (GDX), (MSFT); Najarian Owns (COF) Call Spread, (FCX) Call Spread, (GS) Call Spread, (PCU) Call Spread, (X) Call Spread, (XHB) Call Spread, (GLD) Put Spread; Najarian Owns (MS) & (MS) Calls; Karabell Owns (AAPL), (BHP), (FCX), (FXI), (GOOG), (GLD), (GE), (JPM); Finerman's Firm Owns (MSFT); Finerman's Firm Owns (DNA) & (DNA) Calls; Finerman's Firm Owns (WFC) Preferred; Finerman's Firm Own (RIG); Finerman Owns (WFC) Preferred; Finerman's Firm Is Short (BBT), (IYR), (IJR), (IWM), (MDY), (SPY), (USO)