DuPont (DD) popped 4%. The chemical maker announced a new production facility in Spain to expand its fiber capacity. - I'd take some off the table, counsels Joe Terranova.
Fortress Investment Group (FIG) popped 6%. The firm, reported a fourth quarter loss but beat analysts’ expectations, and said it expects redemptions to bottom this year. - Jeff Macke doesn't know what to say.
Prudential (PRU) popped 2%. The tailwind driving some banks also lifted this stock.
Saks (SKS) popped 3%. The CEO said the company will offer a new price mix, including lower cost merchandise.
DROPS (stocks that slid lower)
Pfizer (PFE) dropped 3%. The world’s biggest drugmaker said it plans to sell additional notes to finance its purchase of Wyeth. - I like most other names in health care, says Guy Adami. But not this stock.
General Motors (GM) dropped 7%. CEO Rick Wagoner met with Obama’s auto task force to discuss more government aid or the possibility of bankruptcy. - I'm surprised that anyone is talking about this stock as a viable entity, says Zach Karabell.
Apollo (APOL) dropped 5%. This and other for-profit schools dropped on more concerns that Obama’s policies may hurt private lending for student loans. - It doesn't look good for this stock, says Guy Adami.
Sandisk (SNDK) dropped 11%. Bank of America reinitiated coverage of the company with an “underperform” rating. - I wouldn't take it off the table just yet, says Joe Terranova.
Dell (DELL) dropped 5%. Cisco said it plans to sell computer servers targeted at data centers, a move that pits the company against Dell and other computer makers.
Sprint (S) dropped 13%. Wachovia downgraded the third-largest US mobile-phone carrier to “market perform.”
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Trader disclosure: On Mar. 16th, 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 (GE), (GS), (MS), (SDS), (MOS); Macke Is Short (BRK.b); Adami Owns (AGU), (C), (GS), (INTC), (MSFT), (NUE), (BTU); Terranova Owns (KCE), (JPM), (X), (POT), (WYNN), (XBI), (HESS), (INTC), (BRCM), (DELL), (JOYG), (FXC), (EOG); Terranova Owns (IBM) & (IBM) Calls; Terranova Owns (DIS) & (DIS) Calls; Terranova Owns (COP) Calls; Terranova Owns (AMGN) & (AMGN) Puts; Terranova Owns MACI Oil Futures; Karabell Owns (BHP), (CSCO), (FCX), (FXI), (GOOG), (GLD), (GE), (JPM)