Home Depot (HD) popped 6%. Jeffries upgraded the company to ‘Buy’ from ‘Hold' due to a gain in market share. - I wouldn't chase this stock but I think it goes to $24, says Guy Adami.
Wal-Mart (WMT) popped 2%. A report suggesting the battered housing market might be reaching a bottom lifted retail shares, broadly. - It's the only retailer for me, says Jeff Macke.
AT&T (T) popped 4%. Strength throughout telecom propelled shares higher despite negative comments from S&P. - It got swept along by sentiment, says Pete Najarian.
CME Group (CME) popped 13%. The exchange secured backers for its new credit default swap clearinghouse. - I think this is a stock to be looking at, says Joe Terranova.
International Paper (IP) popped 15%. JPMorgan said the company could benefit from alternative fuel tax credits.
Kohl’s (KSS) popped 6%. Jeffries upgraded the department store to ‘Buy’ from ‘Hold' and said the company may report stronger-than-expected sales.
Strayer Education (STRA) popped 7%. Piper Jaffray upgraded this stock, citing strong enrollment.
Advanced Micro Devices (AMD) popped 11%. The firm has completed a spin-off intended to transform it into a more nimble competitor.
DROPS (stocks that slid lower)
Energy Conversion Devices (ENER) dropped 23%. The firm lowered its sale forecast due to waning demand and it also delayed plans for expansion.
Nucor (NUE) dropped 9%. The steelmaker warned of a first-quarter loss due to continued weak demand.
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Trader disclosure: On Mar. 17th, 2009, 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), (MOS), (AAPL); Macke Is Short (BRK.b); Adami Owns (AGU), (C), (GS), (INTC), (MSFT), (NUE), (BTU) ; Terranova Owns (MA), (AAPL), (RIG), (CVX), (GS), (AMZN), (BP), (KCE), (JPM), (X), (POT), (WYNN), (XBI), (HESS), (INTC), (BRCM), (DELL), (JOYG), (FXC), (MS), (XOM); Terranova Owns (AMGN) & (AMGN) Puts; Terranova Owns (IBM) Spread; Terranova Owns (DIS) & (DIS) Calls; Terranova Owns (COP) Calls; Terranova Owns MACI Oil Futures; Najarian Owns (GDX); Najarian Owns (C) Call Spread; Najarian Owns (FCX) Call Spread; Najarian Owns (GD) Call Spread; Najarian Owns (X) Call Spread; Najarian Owns (GLD) Put Spread; Najarian Owns (JPM) & (JPM) Calls; Najarian Owns (MS) & (MS) Calls; Najarian Owns (MSFT) & (MSFT) Calls; Najarian Owns (WFC) & (WFC) Puts; Najarian Owns (XHB) Call Spread; Najarian Owns (XLI) Calls